Do you already have insurance sitting in another super fund or even privately held insurance?
If you already have insurance cover but are thinking about applying for more through your GuildSuper account, it’s worth taking a second to think about how much cover you need.
Consolidating your super and any insurance that goes along with it into one fund has many benefits. But one thing you do need to keep in mind is that when you change or move your super across to another super fund, you’re also switching your insurance over to a new policy and insurer.
Like anything, this isn’t always going to be a bad thing, but it’s important you understand the differences in what you’re getting.
Some of the common changes to watch out for could include:
Underwriting, including a detailed medical questionnaire.
We’ve spoken about underwriting on the Change your insurance page, so if you need a little recap of what that is and how it works, head back there.
Exclusions for pre-existing medical conditions.
Exclusions based on your job (if it’s considered physically dangerous or that sort of thing).
Exclusions based on the number of hours you work.
Limited cover for casual or contract workers.
If transferring your cover is the right move for you, you can log in to your online account and go to the ‘My Insurance’ tab. Then scroll down and click on ‘Change my insurance cover’ and follow the prompts. If you need some general advice or aren’t sure what to do, you can always get in touch with our friendly team on 1300 361 477.
No problem! If you’re already a member with us, log in to your online account and head to the ‘Grow my Super’ then ‘Find my Super’ and follow the prompts. You’ll be able to see a list of super accounts you have and from there you’ll need to login to your account with that fund and review any insurance you may have in that superannuation account.
Page last updated 1 December 2023
