We’ve changed our insurance offering

If you’re a UniSuper member, you and your immediate family can access 360Health even if you don’t have insurance cover. If you want to take out cover in the future, our insurer may require you to provide evidence of your health when you apply.

Claims made before 1 June 2024 are generally still handled by the previous insurer. This means claims in progress won’t be affected, including your benefit. We'll continue to keep you informed about your claim's progress.

A range of factors are considered when determining your insurance premiums. These include your:

• age
• the amount of cover you have
• occupation (if you’re a Personal Account member)
• sex at birth.

If you have age-based cover, your cover and your premiums will change each year. If you have fixed cover, your premiums will change each year but your cover will remain the same until age 61.

Along with things like age and occupation, a sex at birth of male or female helps determine premium costs. For example, a person whose sex at birth is male is more likely to make a death or TPD claim, while a person whose sex at birth is female is more likely to claim income protection benefits.

We acknowledge your sex at birth may differ from your gender identity. It won’t affect what you’re covered for – UniSuper members can lodge a claim for any condition, regardless of their sex at birth or gender. If you’d like to change your recorded sex at birth with us, please call us on 1800 331 685.

Default cover is a base level of cover you can get without providing evidence of your health.

Age-based cover changes your death and TPD cover amounts to better complement your life stage. For example, less cover when you’re younger and more cover when you’re starting a family or buying a home. To get a sense of how cover amounts change as you age, see the diagram below.

We’ve extended the age your Income Protection cover ceases from 65 to 67. If you have a benefit period of two or five years, you’re protected until age 67.

If you have a 'To age 65' benefit period, we will automatically convert your cover to a two-year benefit period on your 63rd birthday and this cover will continue to age 67.

If you're aged 63 or over on 17 March 2024, we automatically converted your cover from the 'To Age 65' benefit period to a two-year benefit period on 1 June 2024.

When you have age-based or unitised cover, each unit of cover has a specific dollar value based on your age. Depending on the number of units you hold, your cover changes each year as you get older. This is unlike fixed cover, which provides the same amount of cover over time until age 61.