Superannuation Insurance Claims

Most Australian workers have a superannuation fund, which a way for people to save for retirement. Superannuation funds also provide insurance benefits for their members including:

  • total and permanent disability (TPD) insurance;
  • income protection (IP) insurance;
  • death benefits; and
  • terminal illness insurance.

We help people who have suffered injury or illness, claim against the insurance cover they have in their superannuation.

If you would like to know whether any of the below claim options are available to you, through your Superannuation policy, please give us a call.

Call for FREE advice:  1800 001 339

Income protection (IP) insurance claims

Often, superannuation policies may have income protection insurance built into the fund. Other times, people may have a separate income protection insurance policy independent of their superannuation. Income protection can be claimed if, for some reason, a person is unable to work due to injury or illness.

Generally, an income protection policy will cover some of the income that you have lost while you have been unable to work. Generally, this is paid as a monthly benefit.


Total permanent disability (TPD) insurance claims

Total permanent disability or TPD claims, provide a benefit to individuals if they are unable to return to their normal work, or any other suitable work, due to injury or illness. Unlike a worker’s compensation claim, an injury or illness which enables you to make a TPD claim, does not have to be related to your work.

What is considered a ‘suitable’ job may change depending on the TPD definition in your policy. IM Lawyers can assist you by reviewing the terms of your policy to understand what a ‘suitable’ job may mean for you.

Generally, a TPD benefit is paid as a lump sum once all the necessary documents and paperwork have been completed and accepted and approved by the superannuation fund’s insurer.


Death benefit claims

A death benefit is a lump sum payment of money paid by a person’s superannuation fund, after they pass away. This can include the balance of the member’s superannuation fund (that is, the money contributed to the fund throughout their working life, by their employer and/or their own voluntary contributions) and any insurance benefits they are eligible for through their superannuation.

Generally, a death benefit is paid to the deceased person’s Binding Death Benefit Nominee (who they nominate during their life). If there is no nominee, then it is generally paid to the deceased person’s estate for distribution either through their Will or, if there is no Will, under the laws of intestacy.

We can help to review the policy documents to understand whether there are any insurance benefits payable upon the death of a member.


Terminal illness claims

Terminal illness claims can be made by a person suffering from a terminal medical condition, to access their superannuation and death benefit insurance earlier and prior to their death. We can coordinate all the necessary documents, medical reports and paperwork so that you can focus on time spent with your family.


Call now to arrange an initial free consultation

1800 001 339

It costs you nothing to find out where you stand.

Generally, we are able act on a no win, no fee basis for TPD, income protection insurance claims and death benefit claims, which means:

  • We will not charge you upfront fees;
  • If you lose your case, you will not pay our fees;
  • If you win your case, you will be required to pay our fees which will, ordinarily, be taken out of any compensation benefits you receive.

Latest blogs - Superannuation Insurance Claims

How to make an income protection claim

How to make an income protection claim

If you have income protection insurance and are unable to work due to injury or illness, the insurance can cover a percentage of your weekly income.
Read more