Unless you have opted out of Automatic Cover, your cover will start when you have satisfied the eligibility requirements below:
You are eligible for Automatic Cover within 120 days of joining if you:
1) are aged between 25 and 70 (for death) and 65 (for TPD), and have an account balance of $6,000 or more within 120 days of joining the fund; or
2) make a valid election to opt in for Automatic Cover within 120 days of joining the fund; and
3) do not meet any of the circumstances described in the Additional Eligibility Criteria; and,
4) you have received an employer contribution or rollover into your account with the fund within 120 days of joining the fund.
Otherwise, outside of 120 days from joining you will be eligible for Automatic Cover when you satisfy the following:
1) you reach age 25; and
2) have an account balance with the fund of $6,000 or more;
and you have received an employer contribution or rollover into your account with the fund within the 120 days prior to both criteria having been satisfied.
Automatic Cover is subject to a Pre-Existing Condition Exclusion. You can opt out of Automatic Cover at any time if you do not wish to hold it.
Income Protection Cover is not available as Automatic Cover and must be applied for separately under Voluntary Cover.
For further information on Automatic Cover, Additional Eligibility Criteria and exclusions, please refer to the Insurance Guide.