We've got you covered

You work hard to maintain a lifestyle, so it’s important you protect it with the right insurance cover. GuildSuper provides you with access to competitive insurance that’s relevant to your lifestages.

When you join GuildSuper, you may receive Default Death, Total and Permanent Disablement (TPD) and Income Protection (IP) cover. The amount you are provided depends on your age and is provided in ‘Units’ that change in value over time.

It’s important to note the eligibility criteria or default insurance. Please refer to the GuildSuper Insurance Guide for full details.

Death cover

If you die while you’re an insured member, a lump sum Death benefit is paid to your beneficiaries, for example, your dependents or estate. 

The Death cover benefit is made up of your super account balance and any insurance benefit you may hold with GuildSuper.

The maximum insurance component of Death cover you can have is $5m.

With GuildSuper you can apply to increase your level of cover.

Read more

How to claim a Death benefit

Terminal Illness cover

A Terminal Illness benefit is payable if you become terminally ill and have less than twenty four months to live.

This benefit is made up of your super account balance and any insured Death benefit you may hold with GuildSuper.

This is paid to you early rather than upon your death as it will help provide some financial relief in such a difficult time.

With GuildSuper you can apply to increase your level of cover.

Read more

Total and Permanent Disablement cover

Total and Permanent Disablement (TPD) cover pays a lump sum to you if, while you are an insured member, you become totally and permanently disabled and are unable to work.

TPD usually means that you have an ongoing and serious injury or illness which is preventing you from working in any occupation that you are qualified for based on your education, training or experience or from performing daily living activities such as showering and dressing.

The maximum TPD cover you can have is $3m.

With GuildSuper you can apply to increase your level of cover.

Read more

How to make a Total and Permanent Disablement cover claim

Income Protection cover

Income Protection (IP) cover protects you if, while you’re an insured member, you have a loss of income and super contributions because you become ill or injured and are temporarily unable to work for an extended period of time.

You get regular monthly payments for a period of up to the maximum Benefit Period. This can be two years or five years depending on the situation. Alternatively, members who have approved long term cover will have monthly payments until age 65.

The maximum IP cover you can have is the lesser of $30,000 per month or 85% of your monthly income, 10% of which would be paid at claim time into your Superannuation account.

With GuildSuper you can apply to increase your level of cover.

Read more

How to make an Income Protection cover claim

Default cover

The table below summarises the Default cover type and number of units you receive (if eligible) depending on your age:

Age next birthday (at last 1 July) Death cover TPD cover IP cover
 16-24 3 units 2 units 2 units
 25-30 4 units 2 units 3 units
 31-35 5 units 2 units 4 units
 36-60 6 units 2 units 4 units
 61-65 5 units 0 units 4 units
 66-70 4 units 0 units 0 units

* No insurance cover is provided to members over the age of 70.

Refer to the GuildSuper Insurance Guide for the amount of cover provided by each unit, including the eligibility criteria.

Make sure we have your correct occupation

Your occupation determines your Occupational Classification, which makes a difference to how much you pay for insurance cover. There are three Occupational Classifications that apply:

  • Standard
  • White Collar, and
  • Professional.

If you or your employer do not provide us with your occupation, then your Occupational Classification will be Standard and you may pay more for your insurance cover.

Cost of Default cover

The cost per week of one unit of Default Death and TPD cover based on each Occupational Classification.

Occupational Classification Standard White Collar Professional
 Death cover* $0.46 $0.33 $0.28
 TPD cover $0.31 $0.22 $0.19

* includes Terminal Illness cover.

Refer to the GuildSuper Insurance Guide for the cost of Default IP cover.

Do you have enough cover?

The amount of insurance cover you'll need, will depend on your situation including your monthly spend on items such as mortgage, rent, food and bills.

It's important to consider whether Default cover offers a sufficient level of protection for your personal circumstances.

With GuildSuper you can apply to increase your level of cover at any time.

Other GuildSuper insurance benefits

  • Peace of mind knowing you and your family are protected
  • Insurance costs are deducted from your super account, not your take-home pay
  • Increasing insurance cover through Insurance Boost and/or Life Events Top-Up, without having to provide full health information (eligibility conditions apply)

For more information on GuildSuper’s insurance, including full details on all the conditions that apply, read the GuildSuper Insurance Guide.

Get the cover you need

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Insurance changes from
1 July 2016

Find out more