Superannuation - Sandhurst Trustees
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Insurance in super

If life takes an unexpected turn, having insurance through super can help look after you and your loved ones financially.

Our Insurance in super - made simple flyer helps you understand the basics of how insurance in super works, and what your options are.

Insurance is included when you join Bendigo SmartStart Super (BSSS)

If you’re eligible, you’ll receive default Death and Total and Permanent Disablement (TPD) insurance on joining, unless you choose to cancel it.

Read our BSSS Insurance in super fact sheet to learn all about what type of insurance cover is automatically included when you join.

Need more insurance cover?

You can also apply:

  • for Income Protection cover;
  • to tailor your Death and TPD cover; and/or
  • to transfer cover from an existing insurance policy.

Your annual fees and insurance premiums are paid directly from your super account, so there is no need to worry about additional out-of-pocket expenses.

Insurance in Superannuation Code of Practice

We know how important it is for you to understand and manage the insurance cover available through your super.

That’s why we have adopted the Insurance in Superannuation Voluntary Code of Practice (Code) that commenced on 1 July 2018.

What is the Code?

The Code provides guidelines and a set of standards for superannuation funds to adopt when providing insurance to its members. It aims to improve the insurance offered and the processes by which insurance benefits are provided to members in the super industry.

This is the first time the industry has set a standard for the provision of insurance cover through super. It has been developed by the Australian Institute of Superannuation Trustees (AIST), Association of Superannuation Funds of Australia (ASFA) and the Financial Services Council (FSC).

You can access a copy of the Code here.

When will the Code be implemented?

We already comply with many parts of the Code and are working to implement any outstanding items by no later than 30 June 2021.

Our transition plan (effective as at 31 December 2018) provides a description and timeline of when we expect to fully comply with each of the items of the Code and is available here.


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