ANZ Smart Choice Super and Pension Insurance premiums
The following table shows:
- the level of cover you receive,
- the corresponding current annual premium rates based on your age, smoker/non-smoker status and your gender, and in the case of Total and Permanent Disability (TPD), your occupation.
- Current annual premium rates (PDF 464kB)
Your cover will commence when your account has received an initial contribution. Premiums are deducted from your respective ANZ Smart Choice account at the beginning of each month and are paid to the insurer.
For details on the levels of insurance cover, eligibility, conditions, exclusions and changing or cancelling your cover, please refer to the 'Insurance in your super’ section in the ANZ Smart Choice Super and Pension Product Disclosure Statement (PDS) (PDF 388kB) and ANZ Smart Choice Super and Pension Additional Information Guide (PDF 788kB).
Making a claim
In the event of Death or Total and Permanent Disability for an ANZ Smart Choice Super and Pension member who holds a policy for the applicable insurance, the applicable forms are available below.
Your insurance claim must be made through the Trustee (OnePath Custodians Pty Limited). The Insurer (OnePath Life Limited) will assess the claim and if accepted will pay the benefit to the Trustee who must approve the claim before any benefit is paid.
In the event of a Terminal illness, a terminal illness benefit may be paid if you become terminally ill whilst your Death cover is in force. You are regarded as terminally ill when you are diagnosed by two medical practitioners (one of whom is a specialist physician) as having a terminal illness, and you are not expected to live for more than 12 months from the date of written certification despite reasonable medical treatment. The terminal illness benefit is not a stand-alone benefit – it is an advanced payment of the Death benefit.
Contact ANZ Customer Services to discuss a terminal illness claim. If you have any other questions, we're here to help.
Simply call Customer Services on 13 12 87 (Mon-Fri, 8.30am to 6.30pm AEST) or
Before redirecting your super or moving your money into your ANZ Smart Choice Super account, you will need to consider whether you will incur any withdrawal fees, costs or lose any benefits when moving from your other fund. You will also need to consider whether moving your super from your current fund will affect any insurance cover you have in your other fund(s).
Insurance cover within ANZ Smart Choice Super and Pension is issued by OnePath Life Limited. OnePath Custodians reserves the right to change insurer, or vary the benefits or premium rates from time to time. For benefits and exclusions, please refer to the ANZ Smart Choice Super and Pension Product Disclosure Statement (PDS) and ANZ Smart Choice Super and Pension Additional Information Guide (AIG).
ANZ Smart Choice Super and Pension is a product offered by OnePath MasterFund (ABN 53 789 980 697, RSE R1001525) (Fund). When you invest in the products you become a member of the Fund. OnePath Custodians Pty Limited (ABN 12 008 508 496, AFSL 238346, RSE L0000673) is the Trustee of the Fund and is the issuer of the ANZ Smart Choice Super and Pension Product Disclosure Statement (PDS) (PDF 388kB) (including the ANZ Smart Choice Super and Pension Additional Information Guide (PDF 788kB)).
This information is of a general nature and has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should read the ANZ Financial Services Guide (PDF 104kB) and the ANZ Smart Choice Super and Pension Product Disclosure Statement (PDS) (PDF 388kB) available by visiting ANZ Smart Choice or by calling Customer Services on 13 12 87 before deciding to hold or acquire the product.
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