17 April 2024
UniSuper, the $135bn fund open to all Australians, has announced a new partnership with MetLife Insurance Limited as of 1 June this year.
Members are set to benefit from enhancements to their insurance, including the modernisation of default levels of cover at different life stages, more equitable premiums and improved terms and conditions to help members get better value from their cover. These changes build on a strong foundation, with UniSuper members already enjoying award-winning insurance.
The transition to MetLife follows an extensive tender process designed to ensure UniSuper is delivering the best value possible to members, as well as service improvements, greater personalisation and enhanced support when making claims.
Additionally, all members and their families, irrespective of their coverage, will have access to MetLife’s award-winning 360Health platform. It offers innovative access to world leading health care professionals, assistance in returning to work, support for mental health issues and more.
UniSuper and MetLife are committed to a true partnership that can deliver member-focused innovation, continued improvement to terms and greater levels of insurance participation.
Peter Chun, UniSuper’s Chief Executive Officer, said he is proud to be providing UniSuper members with an even better insurance experience:
Richard Nunn, MetLife Australia Chief Executive Officer said:
UniSuper members will receive a tailored notice, providing details of how the changes will affect them, either via email or post. UniSuper has been working to ensure a smooth transition from TAL Life Insurance to MetLife, and members should expect minimal disruption as a result of this transition. MetLife will commence providing insurance effective 1 June 2024.
Members are able to access further information here: https://www.unisuper.com.au/insurance/insurance-changes.
For media inquiries, please contact:
Zach Relouw
PR/Media Lead
UniSuper
T: +61 3 8831 6360
E media@unisuper.com.au
Note to editors
About UniSuper:
UniSuper is one of Australia’s largest superannuation funds and is run solely for the benefit of its members. For over forty years, UniSuper has been managing super for people employed in the higher education and research sector, and as of 2021 opened the fund to all Australians. UniSuper currently invests over $135 billion on behalf of more than 647,000 members^.
Please note past performance is not an indicator of future performance. The information provided above is of a general nature only and does not take into account your individual objectives, financial situation or needs. Please consider the Product Disclosure Statements and Target Market Determinations relevant to your membership category on our website and your situation before making decisions, because we haven’t. Consider the appropriateness of the information having regard to your personal circumstances and consider consulting a licensed financial adviser before making an investment decision based on the information provided above.
Issued by UniSuper Limited ABN 54 006 027 121 the trustee of the fund UniSuper ABN 91 385 943 850.
^As at 31 March 2024.
About MetLife:
MetLife Insurance Limited (MetLife), an affiliate of MetLife, Inc., is a specialist provider of life insurance to affinity partners, superannuation trustees and employers in Australia. MetLife has expertise in designing and executing direct insurance programs for partners’ customers and insurance solutions to meet the needs of specific member groups. MetLife has been a specialist provider of life risk insurance products in Australia since 2005. For more information, visit metlife.com.au.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe, and the Middle East. For more information, visit metlife.com.