Insurance

Insurance choices... designed especially for people working in the coal industry

AUSCOAL Super offers a range of insurance options to help protect you and your family against financial hardship if you become totally and permanently disabled or die.

Here's why you should consider using AUSCOAL Super for Death and Terminal Illness (DTI) insurance cover and Total and Permanent Disablement (TPD) insurance cover.

The AUSCOAL advantage...

• insurance especially designed for people working in the coal industry... and their spouses
• you're covered 24 hours a day, seven days a week, worldwide
• you automatically receive Basic insurance cover of up to $100,000 (DTI and TPD insurance cover) without having to provide medical evidence... with the option to increase this at specified times. It costs just 93 cents, per week, per $10,000 of DTI and TPD insurance cover
• apply for additional Voluntary insurance cover at any time
• save money on premiums because your insurance is part of your superannuation
• hassle free payment - your premiums are automatically deducted from your account
• transfer your other DTI and TPD insurance cover to AUSCOAL Super.

Read our Product Disclosure Statement for general details and an outline of the insurance cover you can have through your AUSCOAL Superannuation.

Full details of the insurance benefits and conditions are contained in the insurance policy document, a copy of which can be obtained by calling us toll free 1300 AUSCOAL (1300 287 262) or by emailing us at enquiries@auscoal.com.au. A copy of the policy document can also be inspected in our office during normal business hours.

How much insurance cover is enough?

Did you know that only 4%* of Australian families have adequate insurance cover. Here's three tools to help you decide how much insurance cover you need:

• Use our online insurance needs calculator (requires Adobe Flash Player) - enter your income, debts and family circumstances, and the calculator suggests a cover amount and tells you how much this will cost through your AUSCOAL Super account
• Read our factsheet, Do you have enough insurance cover?
• Visit the Australian Securities and Investment Commission's (ASIC) fido website for insurance tips, tools and information
• Get wise on life insurance! AUSCOAL Super is a proud supporter of Lifewise: an industry initiative to tackle chronic under insurance in Australia. Visit the Lifewise website to learn more.
  

* TNS Research: Investigating the issue of underinsurance in Australia, August 2005

Nominating a beneficiary
Ever wondered who will receive your superannuation benefit if you die? Make sure you have a say in where your savings go by nominating a beneficiary.

To nominate a beneficiary for your AUSCOAL Super plan:

• First, read about nominating a beneficiary, including what you need to do, the different types of nominations and who you can choose to be a beneficiary.
• Then complete and return our Nomination of Beneficiaries form.

Quick links... insurance information

• Product Disclosure Statement
• Insurance forms
• Insurance Fact Sheets
• Underinsurance Work Sheet
• Insurance Needs Calculator
• Frequently asked questions
• TPD medical conditions with no waiting period

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