HOSTPLUS Member Guide

The information in this document forms part of the HOSTPLUS Superannuation Fund and HOSTPLUS Personal Super Plan Product Disclosure Statement 12 March 2014.

Section 8. Insurance in your super

Protect you and your family

Super is the asset you can start building today to enjoy in the future. Right now, however, two of your most valuable assets are your health and your income earning potential. Protecting them against the unexpected should be an important part of your strategy. Which is why at HOSTPLUS we offer eligible members automatic life insurance with an option to increase their cover upon joining. So you can enjoy peace of mind - at affordable prices.

  • What we cover

    HOSTPLUS insurance cover is provided by MetLife Insurance Limited ABN 75 004 274 882 AFSL 238096 (insurer) and the trustee of HOSTPLUS owns this policy.

    You have the opportunity to choose from Death and Total & Permanent Disability (TPD), Death Only or Salary Continuance insurance cover. Any death cover also includes Terminal Illness cover.

    If a claim is approved, the insurer will pay the insured amount to HOSTPLUS. Then, subject to legislative and trust deed requirements having been met, we will pay:

    • TPD benefits to you.
    • Death benefits to your dependants (including interdependent) or legal personal representative.
    • Terminal Illness benefits to you from your death benefits; or
    • Monthly Salary Continuance benefits paid to you while you are temporarily disabled or partially disabled.
    If you are covered for Death insurance, you are automatically covered for Terminal Illness.

    If the insurer accepts your claim for a Salary Continuance benefit, this will be paid directly to you by the insurer on a monthly basis whilst you are temporarily disabled or partially disabled. If there is also a superannuation contribution benefit, this will be paid directly into your HOSTPLUS superannuation account.

    Your insurance premiums are used to cover the cost of the insurance policy as well as the cost of its administration, i.e. 1.0% of the insurance premiums are retained by the fund and goes towards the administration cost of providing insurance.

  • Automatic Death and Total & Permanent Disability (TPD) insurance when you join

    Generally, if you’re an employee member you will receive automatic unitised Death and TPD insurance cover. If you are aged 25 to 64 you automatically receive two units of Death and TPD insurance cover at the standard scale ($5.54 per week) and members under 25 years receive one unit of Death and TPD insurance cover at the standard scale ($2.77 per week) subject to your employer making an on-time SG contribution. You must be at work on the date that your insurance cover starts to receive full cover, otherwise you will receive New Events Cover. See 8.7.10 for more details about New Events Cover.

    To work out the amount you would be covered for (this depends on your age next birthday) see 8.7.26 Death and Total & Permanent Disability (TPD) and Death Only insurance: Unitised cover table.

  • Special insurance offer on joining for new members

    As a new member joining HOSTPLUS through a participating employer, you have the opportunity to increase your insurance without providing medical information within 6 months of the date of joining HOSTPLUS. You can increase your Death and Total & Permanent Disability (TPD) cover by one, two or three units, alternatively apply for fixed benefit Death and TPD cover of up to $500,000 and apply for Salary Continuance cover of up to $4,000 per month (subject to a maximum of 90% monthly salary) with a benefit period of up to two years.

    It is available to you if you elect this option on your Membership application form, and return the forms within 6 months from the effective date of the first on time Superannuation Guarantee contribution or within 60 days from the day you receive your HOSTPLUS welcome letter, whichever is the later. This offer is only available to new members joining HOSTPLUS, who don’t have any current or existing memberships with HOSTPLUS.

    See 8.9 Special insurance offer on joining for new members

  • Personal Super Plan members automatic insurance

    If you are joining the Personal Super Plan, and are eligible for insurance, you will receive automatic fixed benefit Death and Total & Permanent Disability cover to the value of $100,000.

    You may apply for any insurance offered (except for the Special insurance offer on joining for new members outlined above) but some additional information may be required. See 8.7.33 Insurance for HOSTPLUS Personal Super Plan members.

  • Summary of insurance offered

    Total & Permanent Disability (TPD) benefits

    TPD cover provides a lump sum payout to you if you become totally and permanently disabled and meet the conditions of the relevant part of the TPD definition that applies. TPD cover is designed to replace your future income via a lump sum payment and provide you and your dependants with financial support. You can select from unitised cover or fixed benefit cover – the choice is yours.



    See 8.7.1 What’s Death and Total & Permanent Disability (TPD) insurance cover?

    Death Only insurance benefits (includes Terminal Illness cover)

    If you die, Death cover provides a lump sum payout to your dependants (for example, your children or partner) or your legal personal representative (executor of your estate). Death cover is designed to provide your dependants with financial support. You can select from unitised cover or fixed benefit cover – the choice is yours. You can also receive an amount up to the equivalent to your death benefit paid to you if you become terminally ill (in which case, your death benefit will be reduced by the amount of your Terminal Illness Benefit). See 8.7.22 for a definition of Terminal Illness.



    See 8.7.2 What’s Death Only insurance cover?

    Salary Continuance benefits

    Salary Continuance insurance helps protect your income if you are unable to work temporarily through illness, injury or accident. You can choose cover with a 30, 60 or 90 day waiting period – and also choose to be covered for up to two years or until age 65.

    See 8.8 Salary Continuance insurance cover.

    Specific life events cover - cover that keeps up with you

    To help ensure your insurance keeps up whenever you take a big step forward – like buying a new home or starting a family, you have the opportunity to take advantage of our life events feature. See 8.10 Specific life events cover.

    WARNING: This insurance section only provides a summary of the insurance conditions and arrangements. For full terms and conditions call 1300 HOSTPLUS (1300 467 875) for a copy of the relevant insurance policies. If there is any inconsistency between the information in this guide and the relevant policy document, the terms of the policy document shall prevail (to the extent of any inconsistency). To make a claim, contact us for the appropriate claim forms as soon as reasonably possible to avoid any prejudice against your claim.    

  • What happens when I or my beneficiaries need to make an insurance claim?

    If you or your beneficiaries need to lodge an insurance claim with HOSTPLUS please call us on 1300 HOSTPLUS (1300 467 875). We have a dedicated Claims Team who will assist you every step of the way  with your claims enquiry and documentation required - at no cost to you - so there is no need for you to engage a third party person to do this on your behalf.

  • Death and Total & Permanent Disability (TPD) and Death Only insurance

  • What’s Death and TPD insurance cover?

    Death and TPD insurance cover provides you with an insured benefit, payable to either you, if you become Totally and Permanently Disabled, or to your dependants or legal personal representative(s) in the event of your death. This is additional to your super account balance.

  • What’s Death Only insurance cover?

    Death Only insurance cover at a cost of $1.06 per unit per week provides you with an insured benefit, payable to your dependants or legal personal representative(s) in the event of your death. This benefit is paid in addition to your HOSTPLUS account balance. For more information and to find out who you can nominate to receive your benefit if you die, see 2.9: How super works - Death benefit nominations at www.hostplus.com.au
  • Total & Permanent Disability (TPD) benefit

    To receive a TPD benefit, you have to meet the conditions of the relevant part of the TPD definition that applies. If you are employed or have been unemployed for less than 12 months at the date you suffer an injury or illness which results in your total and permanent disablement, you will be assessed for TPD under parts 1, 2, 3, 4 or 5 of the TPD definition. If you have been unemployed or not working for more than 12 months as at the date you suffer an injury or illness which results in your total and permanent disablement, you will qualify for a TPD benefit if you satisfy parts 2, 3, 4 or 5 of the TPD definition. See 8.7.22 Death and Total & Permanent Disability (TPD) and Death Only insurance cover (includes Terminal illness cover) – definitions for an explanation of the TPD definitions.

    Note: If, at the date your membership with HOSTPLUS commences, you have previously received a TPD benefit from any other source (including a superannuation fund or otherwise), your cover will be restricted to Death Only insurance cover. However, you may apply for TPD Cover and be eligible for this cover, if your application is accepted by the insurer. If you fail to inform us that you’ve received a TPD benefit either prior to or at the time you commenced your membership with HOSTPLUS, then we’ll deduct the usual weekly premium, but you will not be covered for TPD. In the event of an insurance claim you will only be covered for a Death benefit. Any insured benefit paid is in addition to your account balance. Any overpaid premiums will be refunded.

  • Death benefit

    A death benefit is payable to your dependants and/or legal personal representative(s) in the event of your death. For more information and to find out who you can nominate to receive your benefit if you die, see 2.9 How super works - Death benefit nominations at www.hostplus.com.au
  • Terminal Illness benefit

    If you are insured for Death cover, you will also be covered for a Terminal Illness benefit. A Terminal Illness benefit is payable, if you suffer a ‘terminal illness’, as defined in 8.7.22 Death and Total & Permanent Disability (TPD) and Death Only insurance cover (includes Terminal illness cover) – definitions and:

    • the policy is in force,
    • you have not lodged and do not intend to lodge a claim for a TPD benefit,
    • your cover has not ended (see 8.7.11 When your insurance cover ends), and
    • you have not attained age 65.

    You are unable to claim a TPD benefit if you lodge a claim for the Terminal Illness benefit. Your death benefit will be reduced by the amount of the Terminal Illness benefit paid to you.

    The Terminal Illness benefit is the insured amount of your Death cover.

  • Choosing unitised or fixed benefit cover

    When applying for Death Only or Death & Total & Permanent Disability cover, you can choose either unitised cover or fixed benefit cover. You cannot have a combination of unitised and fixed cover.

  • Unitised cover

    With unitised cover your level of cover decreases as your age increases, but your insurance premium remains the same fixed for the duration of the premium guarantee period (which is two years from 1 December 2013).
  • Fixed benefit cover insurance

    With fixed benefit cover your level of cover stays the same but your insurance premium increases as you get older. See 8.7.27 Fixed benefit cover for more information.
  • When your Death and Total & Permanent Disability insurance cover starts

    Generally, for employee members, your automatic insurance cover commences on the date you join HOSTPLUS. This date is usually the date you commence employment or the start date of the contribution period which your employer’s payment covers and is subject to your employer making an on-time Superannuation Guarantee (SG) contribution. If your employer fails to make an on-time SG contribution, you will be ineligible for automatic insurance cover.

  • New events Total & Permanent Disability (TPD) cover

    When your membership in HOSTPLUS commences, you will be provided with Death and New events TPD insurance cover if you’re:

    • away from work due to an injury or illness, or
    • at work in a reduced capacity, or
    • in receipt of and/or entitled to income support benefits from any source including workers compensation benefits, statutory transport accident benefits and disability insurance benefit.    

    New events TPD insurance covers you for Total and Permanent Disability caused by an illness which became apparent to you or an injury that occurred to you on or after the date your insurance cover in HOSTPLUS commenced.

    This new events cover will be replaced with full TPD insurance cover when you resume your normal duties with your employer, subject to you not having received or being entitled to receive a TPD benefit from any other source.

  • When your insurance cover ends

    Your insurance cover will cease, without the need for us to notify you, on the earliest of the following events:

    • the date you commence active duty with the military services of any country (other than the Australian Armed Force Reserve where you are not on active duty outside Australia),
    • the date you cease to be a member of HOSTPLUS,
    • the date you reach age 65,
    • the date we receive your written request to cancel your insurance (or where the request specifies a later date, the later date specified),
    • in the event of your death,
    • the date you are paid a Terminal Illness benefit which is equal to the amount of your Death benefit,
    • the end of the month in which your account balance has insufficient funds to pay the premium,
    • by opting out of your insurance cover by selecting this option on your Membership application when joining HOSTPLUS, or
    • the date the insurance policy ends
    • your account is transferred to the Australian Tax Office or an Eligible Rollover Fund.
  • To cancel cover

    If you prefer not to have insurance cover, you can elect to cancel your cover on the Membership application form upon joining HOSTPLUS, or cancel it at any time by sending us an email at info@mail.hostplus.com.au or by writing to us at the address below.

     

    HOSTPLUS
    Locked Bag 3
    Carlton South VIC 3053

    If you cancel your insurance cover and subsequently decide that you would like to re-apply for insurance cover down the track, you can do so by completing a new online insurance application through your SuperSite account at www.hostplus.com.au. Any application for insurance made at this time will be subject to approval by the insurer and may require underwriting.

  • Duplicate accounts

    You are only eligible to retain insurance in one account. Depending on your account, you will retain the highest level of insurance cover you hold or retain the original cover. This will be transferred into your merged account unless you tell us otherwise. If you have been charged duplicate or overlapping insurance premiums, these will be refunded back to you.

    Please note that if you are an existing member and have a duplicate account or have joined another division of HOSTPLUS you are not entitled to the Special insurance offer on joining for new members.

  • Who’s eligible for Death and Total & Permanent Disability insurance cover with HOSTPLUS?

    You are eligible for insurance cover if you are:

    • a member of HOSTPLUS,
    • aged 11 to 64,
    • an Australian citizen or a lawful non-citizen, within the meaning of the Migration Act 1958 (Cth),
    • not an Excluded Member, and
    • your employer is making on-time employer contributions

    An Excluded Member is a member who satisfies one or more of the following:

    • has declined, or elected not to be covered for benefits provided under any Group Life policy issued by the trustee of HOSTPLUS.
    • a member who is eligible to receive, or has received, a lump sum benefit for total and permanent disability from any source.
    • a member who has attained the age of 65.
    • a HOSTPLUS Personal Super Plan member whose occupation excludes them from being eligible for insurance.
  • Exclusions

    In the event of a war involving Australia or your country of residence the insurer may offer increased premium rates. No benefit is payable if the event giving rise to the claim is caused directly or indirectly by war as defined in the Insurance Policy. Personal Plan members are also subject to a pre-existing conditions exclusion. See 8.7.35 – The pre-existing conditions exclusion section for more information.

  • When should I make a claim for a benefit? (Death and Total and Permanent Disablement)

    You should advise us of a claim as soon as reasonably possible. If you don’t notify us within a reasonable time, the insurer may reduce or refuse to pay the insured benefit to the extent their assessment of your claim is prejudiced.

    If you make a claim, the insurer reserves the right to investigate the claim including but not limited to the use of investigative agents, conducting surveillance and requesting information and medical examinations.

    It is important to note that if you make a claim, you will only be entitled to an insured benefit if you meet the eligible criteria (see section 8.7.14) under the terms of the fund’s insurance policy. The insured benefit is determined as at the date of the event occurring (e.g. for death event, date of death) and the level of insurance cover at that time. In circumstances where you are in the process of applying for additional cover but have not yet been accepted by the insurer, you will only be entitled to the lesser amount of cover applicable prior to the increase, in the event of a successful claim.

  • Going overseas?

    If you travel or reside overseas, you are covered for claims, provided your insurance premiums continue to be paid from your account and you have sufficient funds in your super account to pay the premiums. In the event of a Total and Permanent Disability or salary continuance claim you may be required to return to Australia at your own expense to be assessed for a benefit.

  • Transferring your insurance cover into HOSTPLUS

    If you have insurance cover through another superannuation fund or otherwise for Death Only or Death and Total & Permanent Disability (TPD) cover (“Transferred Cover”) you may be able to transfer up to $1,500,000 of Death Only or Death and TPD insurance cover into HOSTPLUS provided that:

    • your Transferred Cover is of a similar nature to the cover provided via HOSTPLUS
    • your Transferred Cover is still in force;
    • you transfer your superannuation account balance to HOSTPLUS if your Transferred Cover is held through superannuation;
    • any loadings, restrictions and exclusions which apply on your Transferred Cover will also apply to your cover transferred to HOSTPLUS, and
    • you cancel your Transferred Cover once the transfer to HOSTPLUS has occurred.

    To apply to transfer your existing cover to HOSTPLUS, please apply online through your SuperSite account at hostplus.com.au or complete the Insurance transfer form available at hostplus.com.au/forms You will be advised of your acceptance.

    You cannot transfer cover that is held by a self-managed superannuation fund trustee.

    Please note that any Death or Death and TPD cover transferred to HOSTPLUS will be in addition to any insurance cover you hold under HOSTPLUS. The Death and/or TPD cover that is transferred into HOSTPLUS will be the total of any existing lump sum cover and any cover transferred (subject to a $5m TPD cover limit).  If you have fixed TPD Cover, the cover amount cannot exceed your Death Cover and it is reduced by 20% each year from your 61st birthday until you reach age 65, when it will reduce to zero.

  • Changing your level of cover after you have joined

    You may apply to vary your level of cover at any time after having been accepted as a member of HOSTPLUS. To reduce your level of cover, you will need to write to us.

    If you wish to increase your level of cover (outside of the special offer available to you as a new member) you can apply online through your SuperSite account at hostplus.com.au. You can apply for up to a maximum of $5 million in Total & Permanent Disability (TPD) cover and unlimited  Death cover (which includes Terminal Illness cover). Underwriting conditions may apply.

    Increased cover will start once your application has been approved by the insurer. We will notify you of the insurer’s decision. You are covered by the ‘Interim Accident Cover’ (see 8.7.21) while your application to increase your cover is being assessed by the insurer. Keep in mind that you can choose to cancel your cover, reduce your cover or apply for different amounts of Death and TPD insurance cover as long as the TPD cover, is less than or equal to the Death insurance cover.


  • Update your insurance online

    To make it easy for you to ensure that you have adequate insurance cover when your circumstances change, you can also apply to increase or take out other forms of insurance cover online through your SuperSite account at hostplus.com.au
  • Interim accident cover

    While the insurer is assessing your application for insurance cover, you are provided with Interim Accident Cover. If you die or suffer total and permanent disablement as a result of an accident during the period in which the Interim Accident cover applies, the interim benefit will be at the same level as the cover applied for or in the case of increasing your cover, the difference between the level of increased cover applied for and the level of current cover, up to the maximum benefit level limit as below:

     

    Death

     

    $2,500,000

     

    Total & Permanent Disability (TPD)

     

    $2,500,000

     

    The interim accident cover commences when we receive your application and will continue until the earlier of:

    • the date the insurer accepts or rejects your application,
    • 90 days after the date Interim Accident Cover starts,
    • the date that you withdraw your application for additional cover; or
    • the date your cover otherwise ends as set out under 8.7.11 When your insurance cover ends.

    ‘Accident’ means a fortuitous, external event that occurs by chance causing death or total and permanent disablement. It does not refer to an event which results in sickness, disease, allergy or infirmity of the insured member, such that they would qualify for a Death or Total & Permanent Disability (TPD) benefit (as applicable) to be paid under the policy.

    Whether the death or total and permanent disablement was caused by an unintended and unexpected characteristic or consequence of an intended act (such as the application of unintentionally excessive force, or the creation of unintended or excessive force, or the creation of unintended excessive pressure or strain) is irrelevant in determining whether death or total and permanent disablement has arisen as a result of an accident.

    An accident must result in the death or total and permanent disablement of the insured member within 365 days of the accident for a benefit to be payable where liability is contingent on an event being caused by an accident or by accidental injury.

    For the avoidance of doubt, an accident shall specifically exclude death or total and permanent disablement (if it applies):

    • arising out of, or contributed to in any way by, any pre-existing sickness, disease, injury, gradual physical or mental deformity, or infirmity known to the insured member when their insurance cover commenced, or
    • arising in circumstances where the insured member deliberately assumed the risk or courted disaster, irrespective of whether he or she intended or contemplated the results of his or her actions.
    Where there is any doubt as to the cause of death or total and permanent disablement sustained as a result of an accident, the cause will be characterised as being the result of a sickness. TPD is defined below.
  • Death and Total & Permanent Disability (TPD) and Death Only insurance cover (includes Terminal Illness cover) - definitions

    ”Totally and Permanently Disabled”, “Total and Permanent Disablement”, “Total and Permanent Disability” or “TPD” means:

    1. Unlikely to return to work

    If the insured member is employed or engaged in a gainful occupation, business, profession or employment or within 12 months of the date an insured member ceases to be so employed or engaged:

    1.1. that insured member has suffered an injury or illness and, as a result of that injury or illness, the insured member:

    1.1.1. is totally unable to be employed or engaged in that occupation, business, profession or employment for a period of six consecutive months, and

    1.1.2. is determined by the insurer that at the end of that six month period (or such later time as agreed with the trustee), to be permanently incapacitated to such an extent as to render the insured member unlikely ever to be employed or engaged in any gainful occupation, business, profession or employment for which the insured member is reasonably suited by education, training or experience.

    NOTE: For the avoidance of doubt, the six month periods referred to in part 1 above do not apply to parts 2 to 5 below.

    OR

    2. Permanent impairment

    The insured member suffers an injury or illness and, as a result of that injury or illness, the insured member:

    2.1. suffers a permanent impairment of at least 25% of whole person function as defined in the American Medical Association publication ‘Guides to the Evaluation of Permanent Impairment’, 4th edition, or an equivalent guide to impairment approved by the insurer, and

    2.2. is disabled to such an extent, as a result of this impairment, that the insured member is unlikely ever again to be able to be employed or engaged in any gainful occupation, business, profession or employment for which the insured member is reasonably suited by education, training or experience.

    OR

    3. Specific loss

    As a result of illness or injury, the insured member suffers the total and permanent loss of the use of:

    • two limbs (where ‘limb’ is defined as the whole hand or the whole foot), or
    • the sight in both eyes, or
    • one limb and the sight in one eye

    and is disabled to such an extent, as a result of this impairment, that the insured member is unlikely ever again to be able to be employed or engaged in any gainful occupation, business, profession or employment for which the insured member is reasonably suited by education, training or experience.

      OR

      4. Loss of independent existence

      As a result of illness or injury, the insured member suffers loss of independent existence and is disabled to such an extent, as a result of this impairment, that the insured member is unlikely ever again to be able to be employed or engaged in any gainful occupation, business, profession or employment for which the insured member is reasonably suited by education, training or experience.

      ‘Loss of independent existence’ means the insurer has determined the insured member is totally and irreversibly unable to perform at least two of the following five ‘activities of daily living’ without the assistance of another adult person:

      • bathing and/or showering.
      • dressing and undressing.
      • eating and drinking.
      • using a toilet to maintain personal hygiene.
      • getting in and out of bed, a chair or wheelchair, or moving from place to place by walking, wheelchair or with assistance of a walking aid.

      OR

      5. Cognitive loss

      As a result of illness or injury, the insured member suffers cognitive loss and is disabled to such an extent, as a result of this impairment, that the insured member is unlikely ever again to be able to be employed or engaged in any gainful occupation, business, profession or employment for which the insured member is reasonably suited by education, training or experience..

      ‘Cognitive loss’ means the insurer has determined that a total and permanent deterioration or loss of intellectual capacity has required the insured member to be under continuous care and supervision by another adult person for at least six consecutive months and, at the end of those six consecutive months, the insured member is likely to require permanent ongoing continuous care and supervision by another adult person.

      Other definitions

      Terminal Illness means

       

      (a)   Two Medical Practitioners, one of whom specialises in the your illness, certifies in writing that despite reasonable medical treatment the illness will lead to your death within 12 months of the date of the certification, and

       

      (b)   The insurer is satisfied, on medical or other evidence, that despite reasonable medical treatment the illness will lead to your death within 12 months of the date of the certification referred to in paragraph (a).

      The illness which you suffer, must occur and the date of the certification referred to in paragraph (a) must be made while you are covered for death cover with HOSTPLUS.

    • Unitised cover: how your benefit and premium is calculated

      When calculating your benefit, it is based on three factors:

      • your occupation,
      • your age at the date the incident that led to your claim occurred, and
      • the number of units you are covered for at that time.

      1. Occupation – determines which insurance scale applies to you

      We use two occupation-based categories to assess which scale you are eligible for when applying for unitised cover:

      • Management/Clerical (white collar) scale; or
      • Standard scale.

      Unless you apply for insurance at the Management/Clerical (white collar) scale you will receive insurance cover at the standard scale.

       

      Your occupation at the time you apply for insurance or when you apply to change your insurance scale determines which insurance scale you are eligible for.

       

      Under the Management/Clerical (white collar) scale you can receive a higher level of cover for the same cost. In some cases, depending on your age, this could result in up to 65% more cover than under the standard scale.

       

      So if your occupation changes to Management/Clerical (white collar), don’t forget to tell us. You can apply for insurance cover under the Management/Clerical (white collar) scale if you:

      • are employed for at least 15 hours per week on an ongoing basis, and
      • spend at least 90% of your working time in an office or similar environment, and
      • are employed in one of the following occupations:
        • management,
        • clerical,
        • marketing,
        • administration,
        • accounting, and
        • other similar lower risk occupations (including law and medicine) agreed to in writing by the insurer.

      All other occupations, for example, a chef or waiter fall outside this definition and are subject to the standard scale.

      You can apply for cover under the Management/Clerical (white collar) scale by answering a few simple questions upon joining HOSTPLUS in your Membership application form available at hostplus.com.au or when you make an online application to join, or you can download the Insurance upgrade to Management/Clerical (white collar) scale form from hostplus.com.au

      2. Age – Death and Total & Permanent Disability (TPD) and Death Only insurance cover table

      Once you have worked out your eligibility for the Management/Clerical (white collar) or standard scale, your age next birthday at the time you become eligible for a benefit determines the amount of insurance you receive for each unit purchased. 

      The 8.7.26 Death and TPD and Death Only insurance: Unitised cover table shows the value of unitised insurance cover for each age level at your next birthday.

      3. How much cover can you apply for?

      You can apply for up to a maximum of $5 million in Total & Permanent Disability (TPD) cover and unlimited in Death cover (which includes Terminal Illness cover). See 8.7.25 Calculating your level of unitised cover for an example of how to work out the benefit provided by unitised cover.

    • Converting your unitised insurance cover to fixed benefit insurance cover

      You have the option to replace your unitised cover with Fixed benefit cover at any time by applying online through your SuperSite account at hostplus.com.au or completing the Application to convert from unitised cover to fixed cover form available at hostplus.com.au/insurance/insurance-forms, as long as you are 60 years of age or less. Where an application is made, you will have your unitised cover converted to an equivalent amount of fixed benefit cover, rounded up to the next $1,000.

      Once you have converted to fixed cover, you cannot automatically revert back to unitised cover unless you are decreasing your cover only. You cannot have a combination of unitised cover and fixed benefit cover.

       

      To revert back to unitised cover you will be required to complete a new online insurance application through your SuperSite account at hostplus.com.au.

    • Calculating your level of unitised cover

      The amount of your benefit is determined by the number of units held and your age next birthday at the time you become eligible for a benefit. So you should review your level of insurance cover every year to ensure you have adequate insurance cover.

      You can apply for up to a maximum of $5 million in Total & Permanent Disability (TPD) cover and unlimited in Death cover (which includes Terminal Illness cover).

      Step Example

      Step 1

      What Death and TPD insurance benefit do you require?

      A $_________

      Tim has an insured benefit goal of $400,000.

      Step 2

      Using your age at your next birthday, look up the Death and TPD and Death Only insurance: Unitised cover table under the appropriate occupation scale to determine the amount of cover per unit.

      B $_________

      Tim works in the warehouse of a local brewery, so his insurance is calculated under the standard scale. Looking at the Death and
      Total & Permanent Disability (TPD) and Death Only insurance: Unitised cover table
      one unit for a 32 year old (next birthday) provides an insured benefit of $113,090.

      Step 3

      Divide your goal by the insured amount per unit on the appropriate scale to work out the number of units you need.

      A ÷ B = C unit(s) __________

      Round your result up or down depending on whether you want an insured benefit to fall above or below your goal.

      $400,000 ÷ $113,090 = 3.54 units

      As only whole units can be purchased, Tim rounds this up to four units to achieve his goal. This gives him an actual insured benefit of $452,360

      ($113,090 x 4 units)

      Step 4

      Calculate how much your insurance will cost.

      C units x $2.77 per unit = your weekly premium $_________

      Therefore…

      Tim’s level of Death and TPD insurance cover will be at a cost of:

      4 units x $2.77 per unit per week = $11.08 per week

      If Tim had wanted Death Only cover to the same level of $400,000, the same calculation applies, but because Death Only costs $1.06 per unit per week the cost would be:

      4 units x $1.06 per unit per week = $4.24 per week.

    • Death and Total & Permanent Disability (TPD) and Death Only insurance: Unitised cover table

      The table below shows the value of one unit for each age level at your next birthday. Units cost $2.77 per unit per week for Death and TPD insurance cover and $1.06 per unit per week for Death Only insurance cover.

      Age

      next birthday

      Standard scale

      sum insured

      1 unit =

      Management/Clerical

      (white collar) scale

      sum insured 1 unit =

      Age

      next birthday

      Standard scale

      sum insured

      1 unit =

      Management/Clerical

      (white collar) scale

      sum insured 1 unit =

      Up to 25

      $112,346

      $184,173

      46

      $54,724

      $82,086

      26

      $113,090

      $185,394

      47

      $47,321

      $70,982

      27

      $113,090

      $185,394

      48

      $40,387

      $60,582

      28

      $113,090

      $185,394

      49

      $35,922

      $53,883

      29

      $113,090

      $185,394

      50

      $28,874

      $43,311

      30

      $113,090

      $185,394

      51

      $25,453

      $38,180

      31

      $113,090

      $183,539

      52

      $23,495

      $35,242

      32

      $113,090

      $181,685

      53

      $21,537

      $32,305

      33

      $113,090

      $179,832

      54

      $17,622

      $26,432

      34

      $113,090

      $177,978

      55

      $15,664

      $23,495

      35

      $113,090

      $176,123

      56

      $13,948

      $20,922

      36

      $113,090

      $174,270

      57

      $11,955

      $17,933

      37

      $114,578

      $175,624

      58

      $9,962

      $15,940

      38

      $114,578

      $174,684

      59

      $8,967

      $14,946

      39

      $115,322

      $174,873

      60

      $7,971

      $12,952

      40

      $116,066

      $174,098

      61

      $7,096

      $12,164

      41

      $107,848

      $161,773

      62

      $6,690

      $11,150

      42

      $96,914

      $145,371

      63

      $6,082

      $10,136

      43

      $84,949

      $127,423

      64

      $5,676

      $9,124

      44

      $74,935

      $112,403

      65

      $5,068

      $8,110

      45

      $62,250

      $93,374

    • Fixed benefit cover

      With fixed benefit cover your level of cover stays the same but as you get older the amount you pay for the insurance will increase each year. Fixed benefit cover is available in multiples of $1,000. You have the option to switch from unitised cover to fixed benefit cover any time, as long as you are 60 years of age or less. But you cannot hold a combination of unitised and fixed benefit cover.

      Under fixed benefit cover you can have different amounts of Death and Total & Permanent Disability (TPD) cover. But you cannot have TPD cover by itself or for an amount which exceeds your Death cover.

      If you hold fixed benefit TPD cover, when you turn 61, your TPD cover will be reduced by 20% each year until you reach age 65, when it will reduce to zero. For example, if at age 60 you hold $100,000 of Death and TPD cover, your TPD cover will reduce as detailed in the table below.

    • How your Total & Permanent Disability (TPD) cover reduces

      Age attained TPD benefit  Example, $100,000 sum insured Fixed benefit cover
      60 100% $100,000
      61 80% $80,000
      62 60% $60,000
      63 40% $40,000
      64 20% $20,000
      65 0 $0

      Your occupational rating will also affect the premium that you pay for fixed benefit cover. See 8.7.30 Understanding occupational ratings. The 8.7.32 Death Only and Total & Permanent Disability (TPD) Only insurance: Fixed benefit cover table shows your annual premiums and level of cover at these ages and the Fixed benefit occupational rating.

    • Fixed benefit cover: how your benefit and premium is calculated

      With fixed benefit cover, in the event of a claim, you are covered for the fixed benefit amount you applied for and the claim being accepted by the insurer. For example, if your age next birthday was 32 and you had $300,000 of Death and Total & Permanent Disability (TPD) cover, providing your insurance cover remains current, at age next birthday 33 you would still have $300,000 worth of Death and TPD cover.

      To determine how the fixed benefit cover premium is calculated you must first decide how much cover you would like to be insured for in $1,000 amounts, e.g. $400,000. You then apply factors of occupation, age next birthday, gender and the mix of Death and TPD or Death Only cover you would like to calculate your premium.

      See 8.7.31 Calculating your level of fixed benefit cover for an example of how to work out the premium for fixed benefit cover.

    • Understanding occupational ratings

      The occupational ratings are the classification that the insurer depending on the nature of your occupation. Some members will pay an increased premium because of their occupational ratings.

      The table below is a description of occupational ratings. There is also a list of occupations in the Membership application form available at hostplus.com.au/forms  If you require assistance determining you occupational rating you can contact HOSTPLUS.

      To calculate the premium you will pay for fixed benefit cover, you will need to multiply the applicable Fixed benefit occupational rating by the premium rates shown in the 8.7.32 Death Only and Total & Permanent Disability (TPD) Only insurance: Fixed benefit cover table.

      Please note: Depending on your occupation and the type of cover you select, you may be assessed on different occupation ratings. For example, a hospitality worker will be considered as Standard for Death and TPD but Heavy blue for Salary Continuance cover.
      Scale  Management/ Clerical (white collar) Standard Heavy blue collar
      Applicable to... Relevant for unitised cover, fixed cover and Salary Continuance cover
      For unitised cover, for fixed cover and Salary Continuance cover
      Relevant for fixed cover and Salary Continuance cover
      Description Don’t perform manual duties and usually work in an office or similar environment, for example, manager, accountant, administrator. Perform light manual duties, for example, chef or waiter. Skilled or semiskilled manual workers and heavy machinery operators who aren’t exposed to high-risk accidents or health hazards, for example, gaming machine staff, laundry staff or security guards.

      To change or upgrade your insurance cover from the Standard scale to the Management/Clerical (white collar) scale apply online through your SuperSite account at hostplus.com.au or use the Insurance upgrade to Management/Clerical (white collar) scale form available at hostplus.com.au

    • Calculating your level of fixed benefit cover

      You decide how much cover you would like to fix. The amount of your premium is determined by your age next birthday, gender, amount and type of cover required and occupation rating. You can apply for up to a maximum of $5 million in Total & Permanent Disability (TPD) cover and unlimited in Death cover (which includes Terminal Illness cover). You can have different amounts of TPD cover and Death cover, but you cannot have TPD cover by itself or as a higher amount than your Death Cover.

      Steps Example
      Step 1

      Decide the total amount of cover you would like and divide by 1,000.

      A. __________

      Lauren is currently 43 years old and a head chef. Lauren wants fixed benefit cover of $380,000 in Death and TPD insurance. As premiums are per $1,000 sum insured we divide the total insurance required by 1,000.

      $380,000 / $1,000 = 380

      Step 2

      Find the premium amount you pay at your age and gender for each $1,000 of Death and TPD cover.

      B. For Death: _________

      C. For TPD: __________

      Looking at the 8.7.32 Death Only and Total & Permanent Disability (TPD) Only insurance: Fixed benefit cover table each $1,000 of cover for

      a female turning 44 years old next birthday costs:

      For Death Cover: 0.60

      For TPD Cover: $1,67

      Step 3

      What is your occupational rating premium multiple?

      D. Death premium multiple:
      _________

      E. TPD premium multiple: _________

      F. Multiply B x D (rounded) = $ _________

      G. Multiply C x E (rounded) = $ _________

      H. Add F + G = $ __________

      However, as Lauren is a head chef, her occupation is classified as Standard. This means, the premium needs to be multiplied by the occupational rating (see 8.7.32 Fixed benefit occupational rating):

      Death premium multiple: 1.30

      TPD premium multiple:1.75

      For Death Cover: 0.60 x 1.30  = 0.78

      For TPD Cover: $1.67 x 1.75   = $2.92

         Total                      = $3.70
      Step 4

      I. Multiply A x H = $ _________

      To work out the cost of $380,000 of fixed benefit Death and TPD cover, we multiply 380 by the cost per $1,000 of Death and TPD cover:

      380 x $3.70 = $1,406

      Lauren’s annual premium is $1,406 or $27.04 per week.

      Lauren’s Death and TPD benefit is fixed at $380,000 (until Lauren turns age 61 at which point her TPD cover reduces – see 8.7.28 How your Total & Permanent Disability (TPD) cover reduces). Each year the premium is adjusted based on Lauren’s age next birthday to maintain this level of cover.

      For example, the following year Lauren’s cover will be calculated for a 45 year old (next birthday) and will cost $1,523.80 a year or $29.30 a week.

      And the year after that as a 46 year old (next birthday) it will cost $1,672.76 a year or $32.17 a week.

    • Death Only and Total & Permanent Disability (TPD) Only insurance: Fixed benefit cover table

      Management/Clerical (white collar) premium rates are shown per $1,000 sum insured.

      Male Female Male Female
      Age next birthday Death Only Death Only TPD Only TPD Only
      Up to 20 $0.85 $0.35 $0.46 $0.20
      21 $0.83 $0.33 $0.46 $0.21
      22 $0.77 $0.32 $0.46 $0.20
      23 $0.72 $0.30 $0.46 $0.20
      24 $0.68 $0.28 $0.47 $0.20
      25 $0.63 $0.25 $0.46 $0.21
      26 $0.59 $0.24 $0.46 $0.20
      27 $0.57 $0.22 $0.46 $0.22
      28 $0.54 $0.21 $0.46 $0.23
      29 $0.51 $0.21 $0.48 $0.25
      30 $0.51 $0.21 $0.51 $0.26
      31 $0.51 $0.22 $0.56 $0.30
      32 $0.51 $0.22 $0.58 $0.33
      33 $0.51 $0.25 $0.62 $0.35
      34 $0.51 $0.28 $0.67 $0.43
      35 $0.54 $0.30 $0.70 $0.49
      36 $0.54 $0.33 $0.75 $0.57
      37 $0.55 $0.35 $0.82 $0.64
      38 $0.58 $0.38 $0.85 $0.76
      39 $0.60 $0.42 $0.96 $0.86
      40 $0.64 $0.46 $1.06 $0.98
      41 $0.71 $0.49 $1.20 $1.16
      42 $0.75 $0.54 $1.35 $1.32
      43 $0.83 $0.58 $1.56 $1.50
      44 $0.89 $0.60 $1.78 $1.67
      45 $0.98 $0.63 $2.04 $1.82
      46 $1.07 $0.64 $2.31 $2.04
      47 $1.14 $0.68 $2.65 $2.26
      48 $1.24 $0.72 $2.95 $2.56
      49 $1.35 $0.77 $3.33 $2.89
      50 $1.46 $0.83 $3.79 $3.32
      51 $1.58 $0.89 $4.27 $3.77
      52 $1.71 $0.99 $4.80 $4.28
      53 $1.84 $1.10 $5.42 $4.80
      54 $1.98 $1.20 $6.10 $5.37
      55 $2.14 $1.28 $6.76 $5.89
      56 $2.28 $1.40 $7.45 $6.40
      57 $2.47 $1.53 $8.21 $6.94
      58 $2.67 $1.63 $9.12 $7.49
      59 $2.91 $1.77 $10.18 $8.05
      60 $3.17 $1.90 $11.35 $8.68
      61 $3.45 $2.06 $12.68 $9.35
      62 $3.73 $2.24 $14.10 $10.19
      63 $4.03 $2.47 $15.63 $11.21
      64 $4.34 $2.75 $17.31 $12.47
      65 $4.65 $3.05 $19.16 $13.88

      Fixed Death and TPD Cover is calculated by adding the Death Only and TPD Only premium rates together.

      The rates shown have been rounded up to two decimal places for ease of use, the actual premium rates applied to your account are to four decimal places.

       

      Fixed benefit occupational rating Death Only TPD Only
        Premium multiple Premium multiple
      Management/Clerical (white collar) 1.00 1.00
      Standard 1.30 1.75
      Heavy blue 1.70 3.40
    • Insurance for HOSTPLUS Personal Super Plan members

      You will join the HOSTPLUS Personal Super Plan as your preferred super fund under Super Choice, if your employer is not currently a participating HOSTPLUS employer or you’re self-employed, a spouse or if you’re not in paid employment.

    • Automatic insurance on joining

      HOSTPLUS Personal Super Plan members who are eligible for insurance will automatically receive fixed benefit Death and Total & Permanent Disability (TPD) cover, which is subject to Pre-existing conditions exclusion, to the value of $100,000, once money is received and your membership is activated.

       

      The premium calculation is based on your age next birthday, gender and occupational rating. The insurer may elect not to cover certain occupations, so please refer to Excluded occupations at  hostplus.com.au/excludedoccupations

      Less than 61 years of age You will be provided with $100,000 fixed death & TPD cover.
      Between 61 and 64 years of age If you are aged between 61 and 64 years of age you will be provided with $100,000 of fixed death cover. Your TPD cover will be a proportion of your Death cover. Refer to How your Total & Permanent Disability (TPD) cover reduces.
    • The pre-existing conditions exclusion

      For Personal Super Plan members eligible for automatic fixed benefit Death and Total & Permanent Disability  cover, no benefit is payable where the cause of the death, terminal illness or total and permanent disablement is caused directly or indirectly, wholly or partially, as a result of a pre-existing condition.

      A pre-existing condition is an injury, illness, condition or related symptom that, in the two years prior to the date your insurance cover commenced through HOSTPLUS, you, or a reasonable person in your position:

      • was aware of;
      • should have been aware of;
      • had a medical consultation for (where a medical consultation is any activity for the detection, treatment or management of an illness, injury, medical condition or related symptom, including but not limited to the application of prescribed drugs or therapy – whether conventional or alternative).
    • Reduction of the Fixed benefit Death and Total & Permanent Disability (TPD) cover

      If you have fixed benefit Death and TPD cover and you are aged 61 to 65, your TPD cover will be reduced by 20% per annum until your cover reaches zero. 8.7.28 How your Total & Permanent Disability (TPD) cover reduces shows how much your TPD cover is reduced, based on your attained age.
    • Changing your level of cover after you have joined - Insurance

      HOSTPLUS Personal Super Plan members can apply for higher levels and/or different types of insurance cover by applying online through their SuperSite account at  hostplus.com.au.

      The insurer may elect not to cover certain occupations - refer to Excluded occupations at hostplus.com.au/excludedoccupations Underwriting conditions may apply.

    • To cancel cover

      If you prefer not to have insurance cover, you can elect to cancel your cover on the Personal super plan membership application form upon joining HOSTPLUS, or cancel it at any time by sending us an email at info@mail.hostplus.com.au or by writing to us at:

      HOSTPLUS
      Locked Bag 3
      Carlton South VIC 3053

      If you cancel your insurance cover and subsequently decide that you would like to re-apply for insurance cover down the track, you can do so by completing a new online insurance application through your SuperSite account at hostplus.com.au.

    • Break - Salary Continuance insurance cover

      Salary Continuance insurance helps to protect your income if you can’t work because of illness or injury (temporarily and totally) by providing regular monthly payments to help you meet your living expenses. 

      You can apply for cover of up to 90% of your monthly pre-disability salary (where, in the event of a successful claim, 75% of your monthly pre-disability salary is paid to you and 15% of your monthly pre-disability salary is paid into your account with HOSTPLUS), capped at $30,000 per month, with a waiting period of either 30, 60 or 90 days and you can choose to receive monthly benefits for either up to two years or up to the age of 65.

    • Sub - When your cover starts

      Your insurance cover commences on the date your application is accepted by the insurer and your insurance premium is paid. Acceptance is subject to underwriting. We will advise you, in writing, of the outcome of your application.

    • When your Salary Continuance cover ends

      Your Salary Continuance insurance cover will cease on the earliest of the following events:

      • the date you commence active duty with the military service of any country (other than the Australian Armed Forces Reserves and are not on active duty outside Australia).
      • the date you cease to be a member of HOSTPLUS.
      • the date you reach age 65.
      • the date we receive your written request to cancel your insurance (or where the request specifies a later date, the later date specified).
      • the date that you permanently retire from the workforce.
      • in the event of your death.
      • the end of the month in which your account balance has insufficient funds to pay the premium.
      • the date when you no longer satisfy the eligibility criteria (see 8.8.3 Who’s eligible for Salary Continuance insurance cover with HOSTPLUS?).
      • the date the insurance policy ends
      • your account is transferred to the Australian Tax Office or an Eligible Rollover Fund.
    • Who’s eligible for Salary Continuance insurance cover with HOSTPLUS?

      You are eligible for insurance cover if you are:

      • a member of HOSTPLUS;
      • aged between 15 and 64,
      • actively performing all the duties of your occupation and working your usual hours free from any limitation due to illness or injury and you are not entitled to income support benefits of any kind;
      • an Australian citizen, or
      • a lawful non-citizen, within the meaning of the Migration Act 1958 (Cth) for whom the employer is required to make on-time contributions, and
      • not an Excluded Member.

      An Excluded Member is a member who satisfies one or more of the following: 

      • a member who has attained the age of 65, or
      • a member who works in an excluded occupation or
      • a member who is eligible to receive or has received a lump sum benefit for total and permanent disability from any source.

    • Excluded occupations

      An excluded occupation is an occupation that the Fund’s insurer will not cover for Salary Continuance insurance. Refer to Excluded occupations at www.hostplus.com.au/excludedoccupations
    • Exclusions (Salary Continuance Cover)

      No benefit will be payable if the injury or illness is caused directly or indirectly by one of the following:

      • your intentional, self-inflicted act, or any attempt to commit suicide,
      • pregnancy unless you are disabled for more than three months after the end of the pregnancy, in which case the waiting period is deemed to start on the later of the date total disablement begins and the end of the pregnancy, or
      • war or act of war as defined in the insurance policy.

      In addition to the above, the insurer may refuse to pay any benefits:

      • while you are imprisoned.
      • if the premium has not been paid in respect of all members insured under the insurer’s policy.
      • if you do not comply with the insurer’s claim requirements.
      • where the insurer’s assessment of the claim is prejudiced.

      No Partial Disability Benefit will be payable where you cease to be employed for reasons other than illness or injury six months or more prior to the date of disablement.

    • Salary Continuance cover: how your benefit is calculated

      With Salary Continuance cover, you first decide how much of your pre-disability monthly salary you would like to insure. You can apply for up to a maximum of 90% of your pre-disability monthly salary. If insured for that amount, in the event of a successful claim, 75% of your monthly pre-disability salary is paid to you and 15% of your monthly pre-disability salary is paid into your account with HOSTPLUS. You may, of course, choose to have Salary Continuance insurance cover that is less than 90% of your pre-disability salary.

      The premium for your Salary Continuance cover is calculated by reference to your occupational rating, your age next birthday, the applicable waiting period, your selected benefit period and the number of units you have elected. Each unit represents a monthly benefit of $100.

      The occupational rating is the classification that the insurer applies to the nature of your occupation. Some members will pay an increased Salary Continuance premium because of the application of the occupational rating – see 8.8.24 Salary Continuance occupational ratings.

      To determine what occupational rating you are in for the purposes of Salary Continuance cover, you can contact HOSTPLUS.

      See 8.8.23 Calculating your Salary Continuance insurance cover at hostplus.com.au/memberguide/insurance for an example of how to work out the cost of Salary Continuance cover.

    • Your choice of waiting periods and benefit periods

      HOSTPLUS offers three waiting periods: 30, 60 or 90 days (the default waiting period is 90 days). A waiting period is the period during which you must be totally or partially disabled before any Salary Continuance benefit is payable. You are not entitled to a monthly benefit for the duration of the waiting period.

      The benefit period is the maximum period of time that a benefit will be paid for any one illness or injury while you are totally disabled or partially disabled. You can choose a benefit period of two years or up to age 65.

      Premiums vary depending on which waiting period or benefit period you choose. Generally, the longer the waiting period and the shorter the benefit period, the lower the premium. See the 8.8.24. Salary Continuance insurance: annual premiums table.

      If you want to change the waiting period from:

      • 90 days (the default waiting period) to 60 days or 30 days; or
      • 60 days to 30 days,

      you will need to complete a new online insurance application through your SuperSite account at hostplus.com.au. Similarly if you want to change the benefit period from 2 years to, to age 65 you will need to apply.

      During the waiting period, you can return to work once, for up to 10 consecutive days, without having to start a new waiting period. If this occurs, the number of days you have worked will be added to the waiting period.

    • Increase your Salary Continuance insurance when you join HOSTPLUS

      As a new member joining HOSTPLUS through a participating employer, you have the opportunity to obtain Salary Continuance insurance to up to $4,000 per month for a benefit period of two years without providing medical information. See 8.9 Special insurance offer on joining for new members.
    • Maximum monthly benefit payable

      The maximum monthly benefit that will be paid by the insurer in the event of a claim is the lower of:

      • the benefit represented by the number of units of cover for which the insurer has agreed to cover you,
      • 90% of your monthly pre-disability salary, a maximum of 75% is payable to you and the balance as a contribution to your HOSTPLUS super account up to a maximum of $30,000 per month or 300 units of cover.
    • Interim accident cover

      While the insurer is assessing your application for Salary Continuance insurance cover, or an increase in your existing Salary Continuance cover or to amend your Salary Continuance insurance cover, you are provided with interim accident cover. In the event that you suffer total disability or partial disability as a result of an accident during the period in which the interim accident cover applies, the interim accident benefit will be for the same level as the cover applied for or in the case of increasing your cover, the difference between the level of increased cover applied for and the level of current cover, up to a maximum monthly benefit limit of $20,000, for the benefit period selected in the application.

      The interim accident cover commences when we receive your application and will continue until the earlier of:

      • the date the insurer accepts or rejects your application.
      • you withdraw your application;
      • 90 days after the date interim accident cover starts.
      • the date your cover otherwise ends as set out under the heading 8.8.2 When your Salary Continuance cover ends.

       

      ‘Accident’ means a fortuitous, external event that occurs by chance causing total or partial disability. It does not refer to an event which results in sickness, disease, allergy or infirmity of the insured member, such that they would qualify for a total or partial disability benefit (as applicable) to be paid under the insurer’s policy.

      Whether the total or partial disability was caused by an unintended and unexpected characteristic or consequence of an intended act (such as the application of unintentionally excessive force, or the creation of unintended or excessive force, or the creation of unintended excessive pressure or strain) is irrelevant in determining whether total or partial disability has arisen as a result of an accident.

      An accident must result in the total or partial disability of the insured member for a benefit to be payable where liability is contingent on an event being caused by an accident or by accidental injury.

      For the avoidance of doubt, an accident specifically excludes total or partial disability:

      • arising out of, or contributed to in any way by, any pre-existing sickness, disease, injury, gradual physical or mental deformity, or infirmity known to the insured member when their insurance cover commenced
      • arising in circumstances where the insured member deliberately assumed the risk or courted disaster, irrespective of whether he or she intended or contemplated the results of his or her actions.

      Where there is any doubt as to the cause of death or total and permanent or partial disability sustained as a result of an accident, the cause will be characterised as being the result of a sickness.

    • Total disability benefit

      The insurer will pay a total disability benefit if you are totally disabled (see 8.8.25 Salary Continuance cover definitions) after the end of the waiting period that is applicable to you and provided that the insurer has admitted your claim. The monthly benefit starts to accrue from the day after the end of the waiting period.

      The monthly benefit is payable in arrears and stops at the earlier of:   

      • the end of the benefit period.
      • the date you attain age 65.
      • the date of your death.
      • the date you are no longer totally disabled.
    • Partial disability benefit

      The insurer will pay a partial disability benefit (a proportion of the total disablement) if you are partially disabled (see 8.8.25 Salary Continuance cover definitions) except where you had ceased to be employed for reasons other than illness or injury six months or more prior to the date you become partially disabled.

      The partial disability benefit will be calculated as follows:

      A – B x disability monthly benefit

      _____

      A

      Where

      A is your monthly pre-disability salary (see 8.8.25 Salary Continuance cover definitions)

      B means any income earned by you from personal exertion while disabled or partially disabled when the income is from your occupation, or any other occupation.

      Disability monthly benefit means the lesser of:

      • the benefit you are covered for,
      • 75% of your pre-monthly disability income,
      • the level of cover agreed to between the insurer and you, and
      • $30,000.
      The partial disability benefit begins to accrue from the day after you are no longer totally disabled or after the waiting period, as the case may be. The partial disability benefit is payable in arrears and stops at the earliest of:
      • the end of the benefit period.
      • the date you attain age 65.
      • the date you cease to be partially disabled.
      • the date you are earning, or are capable of earning, monthly salary or wages equal to or greater than your pre-disability salary, or engaging in any occupation on a full-time basis (if working full-time prior to disability) or part-time basis (if working part-time prior to disability) or casual basis (if working casually prior to disability).
      • the date that you fail to comply with the insurer’s request to return to Australian for ongoing assessment – See 8.8.18 – Travelling overseas?
      • the date of your death.

       

    • Death benefit

      If you die while a total disability or partial disability benefit is being paid, the insurer will pay an amount equal to the monthly benefit you were receiving at the date of your death, for one month.

    • Recurring disability

      If you suffer a recurrence of disability which was the cause of the earlier claim, within six months of that earlier claim ending, the insurer will treat this subsequent claim as a continuation of the first claim and will waive the waiting period with the following conditions:

      • you must have returned to full-time work if you were engaged in full time work immediately prior to the commencement of the earlier claim;
      • you must have returned to part-time work if you were engaged in part time or full time work immediately prior to the commencement of the earlier claim.
    • How do Salary Continuance payments work?

      Salary Continuance benefits are payable monthly in arrears once your claim has been accepted.

      Once payment of your Salary Continuance benefits begin, your benefits will be adjusted annually in line with the increase in the CPI to protect your payments from the effects of inflation. However, they will not increase by more than 5% in any year.

      When you return to work and your Salary Continuance benefit has ceased, the monthly benefit that you are covered for will revert to the pre-disability monthly benefit level.

    • Retraining Expense Benefit

      Whilst you are in receipt of a Salary Continuance benefit, the insurer may pay all or some of the expenses incurred in relation to you participating in a return to work program if the insurer is of the opinion that the program may help you return to work. Any payments will be made to the service provider and at the insurer’s discretion and must be approved before incurred.

    • What happens if you are suffering from more than one injury or illness?

      You can only claim one Salary Continuance benefit if you suffer from different types of injuries or illness that exist at the same time. For example, if you receive a monthly benefit for the benefit period due to a broken arm, you cannot also claim a monthly benefit during the same period if you suffer from another injury.

    • Travelling overseas?

      The cover provided insures you while you are overseas. However, if you are overseas for more than 6 months after you commence to receive Salary Continuance benefits, the insurer may require you to return to Australia for claim assessment. If you fail to do so, the insurer may, in its discretion, refuse to continue payments. 

    • Reduction of benefits

      Your Salary Continuance payments may also be reduced by other payments (including settlement or commutation amounts) as set out below, where such benefits combined with the benefit payable under the policy would exceed 75% of your pre-disability salary:

      • by way of workers’ compensation, similar legislation or any settlement in common law.
      • under any statutory accident compensation scheme.
      • Any amounts payable in respect of loss of income (whether legislated or otherwise).
      • paid sick leave.
      • as benefits under any other disability, injury or sickness insurance policy (except for lump sum benefits received from total and permanent disablement under a policy).

      Any lump sum payment (such as settlement or commutation amounts) will be converted to an equivalent monthly amount by dividing the lump sum payment by the lesser of the number of months in the benefit period and 60.

      If your monthly benefit is reduced because you are in receipt of other payments, as set out above, or where you are entitled to a partial disability benefit, the 15% of your pre-disability salary which is paid into your HOSTPLUS account, will also be reduced proportionally.

    • When should I make a claim for a benefit? (Salary Continuance)

      You should advise us of a claim as soon as reasonably possible. If you don’t notify us within a reasonable time, the insurer may reduce or refuse to pay the insured benefit to the extent their assessment of your claim is prejudiced.

      If you make a claim, the insurer reserves the right to investigate the claim including but not limited to the use of investigative agents, conducting surveillance and requesting information and medical examinations.

      It is important to note that if you make a claim, you will only be entitled to an insured benefit if you meet the eligible criteria (see section 8.8.3) under the terms of the fund’s insurance policy. The insured benefit is determined as at the date of the event occurring (e.g. for partial disability, date of injury or illness occurred) and the level of insurance cover at that time. In circumstances where you are in the process of applying for additional cover but have not yet been accepted by the insurer, you will only be entitled to the lesser amount of cover applicable prior to the increase, in the event of a successful claim. See also interim accident cover in section 8.8.10.

    • Transfer your Salary Continuance insurance cover into HOSTPLUS

      You have the opportunity to transfer your existing Salary Continuance cover from another life insurance policy without underwriting (whether as a member of a superannuation fund or otherwise) for Total Disability (“Transferred Cover”) to HOSTPLUS provided that the combined level of cover upon transfer is limited to the lesser of:

      • the number of units to cover 90% of your pre-disability salary (of which a maximum of 75% is payable to you and the balance paid as a contribution to HOSTPLUS), or
      • the maximum cover of $10,000 per month.

      Any amount above $10,000 will be assessed by the insurer. Generally, Salary Continuance insurance cover will be matched on the same waiting period and benefit period to that which was previously provided under the transferred cover. If the waiting period is not available, the next longest waiting period will be provided. Your transferred cover will replace any existing Salary Continuance cover you have with HOSTPLUS (as long as any monthly benefit does not exceed 90% of your salary).

      You cannot transfer cover that is held by a self-managed superannuation fund trustee, or cover that is subject to a waiting period that is greater than 90 days.

      Conditions and other limitations apply. All applications are subject to the approval of the insurer and for your application to be considered, you must provide proof of your external cover and the terms upon which it was granted provided that:

      • your Transferred Cover is of a similar nature to the cover provided via HOSTPLUS
      • your Transferred Cover is still in force,
      • you transfer your superannuation account balance to HOSTPLUS if your Transferred Cover is held through superannuation,
      • any loadings, restrictions and exclusions which apply on your Transferred Cover will also apply to your cover transferred to HOSTPLUS, and
      • you cancel your Transferred Cover with the previous insurer once the transfer to HOSTPLUS has occurred.
      To transfer your existing Salary Continuance cover to HOSTPLUS, please apply online through your SuperSite account at hostplus.com.au or complete the Insurance transfer form available at hostplus.com.au.
    • Update your salary continuance insurance online

      To make it easy for you to ensure you have adequate insurance cover when your circumstances change, you can also apply to increase or take out other forms of insurance cover online through your SuperSite account at www.hostplus.com.au

    • Calculating your Salary Continuance insurance cover

      Your premium is determined by your age, gender, amount of cover, occupation, benefit period and waiting period.

      Steps Example
      Step 1

      Decide the total amount of cover you would like per month. You can have cover up to 90% of your pre-disability salary. Divide by 100.

      A. ___________________________________________

      Chad earns $10,416 each month (annual salary of $125,000 ÷ 12 months) as a Chief Financial Officer (CFO) for a national sporting team.

      Chad wants to receive Salary Continuance Cover of $5,500 a month (which is less than his maximum allowable monthly benefit of $9,374, which is 90% of his monthly salary).

      As premiums are per $100 monthly benefit we divide the monthly benefit required by 100.

      $5,500 / 100 = 55.

      Step 2

      Find the premium amount you pay at your age, gender, occupational premium loading, waiting period and benefit period for each $100 of cover.

      B. ___________________________________________

      Chad chooses a benefit period of two years and a waiting period of 90 days. As Chad’s age at his next birthday will be 47, each monthly benefit of $100 costs $3.06 a year.

      As Chad is a CFO, his occupational rating is Management/Clerical (white collar) worker. However, if he was a Standard or heavy blue employee, the occupational rating factor would need to be multiplied to the annual premium, e.g. $3.06 x 2.10 = $6.43 for Standard.

      Step 3

      Multiply A by B

      C. ___________________________________________

      55 x $3.06 = $168.30

      This is Chad’s premium per year

      Or, $168.30 / 52 = $3.24 per week.

      As each year passes, the cost will be adjusted to maintain $5,500 of cover.

      For example, in the following year at age next birthday 48, Chad’s cover will cost $187.55 a year or $3.61 a week, and in the following year at age next birthday 49 this will increase to $210.10 or $4.04 a week.

    • Salary Continuance insurance: annual premiums table

      Rates are shown per $100 monthly cover (Management/Clerical (white collar) scale. Premium rates include estimated 9% stamp duty.

      Waiting period (days)

      30

      60

      90

      30

      60

      90

      Benefit Period

      2 year

      2 year

      2 year

      To age 65

      To age 65

      To age 65

      Age next birthday

      Male

      Female

      Male

      Female

      Male

      Female

      Male

      Female

      Male

      Female

      Male

      Female

      16

      $2.57

      $2.85

      $1.38

      $1.52

      $0.88

      $0.97

      $4.62

      $6.27

      $2.59

      $3.55

      $2.21

      $3.22

      17

      $2.57

      $2.85

      $1.38

      $1.52

      $0.88

      $0.97

      $4.62

      $6.27

      $2.59

      $3.55

      $2.21

      $3.22

      18

      $2.57

      $2.85

      $1.38

      $1.52

      $0.88

      $0.97

      $4.62

      $6.27

      $2.59

      $3.55

      $2.21

      $3.22

      19

      $2.57

      $2.85

      $1.38

      $1.52

      $0.88

      $0.97

      $4.62

      $6.27

      $2.59

      $3.55

      $2.21

      $3.22

      20

      $2.57

      $2.85

      $1.38

      $1.52

      $0.88

      $0.97

      $4.62

      $6.27

      $2.59

      $3.55

      $2.21

      $3.22

      21

      $2.62

      $2.90

      $1.40

      $1.54

      $0.89

      $0.98

      $4.78

      $6.46

      $2.68

      $3.66

      $2.28

      $3.32

      22

      $2.65

      $2.93

      $1.42

      $1.56

      $0.90

      $0.98

      $4.94

      $6.68

      $2.79

      $3.79

      $2.36

      $3.42

      23

      $2.68

      $2.96

      $1.46

      $1.59

      $0.90

      $0.99

      $5.12

      $6.89

      $2.89

      $3.92

      $2.42

      $3.51

      24

      $2.71

      $3.01

      $1.48

      $1.61

      $0.91

      $1.00

      $5.28

      $7.12

      $2.99

      $4.06

      $2.51

      $3.61

      25

      $2.76

      $3.04

      $1.50

      $1.63

      $0.93

      $1.01

      $5.48

      $7.35

      $3.11

      $4.20

      $2.58

      $3.72

      26

      $2.77

      $3.11

      $1.50

      $1.67

      $0.89

      $1.06

      $5.62

      $7.71

      $3.20

      $4.40

      $2.57

      $3.97

      27

      $2.80

      $3.22

      $1.52

      $1.74

      $0.87

      $1.10

      $5.79

      $8.13

      $3.32

      $4.65

      $2.58

      $4.20

      28

      $2.85

      $3.35

      $1.56

      $1.80

      $0.87

      $1.12

      $6.04

      $8.63

      $3.46

      $4.94

      $2.62

      $4.39

      29

      $2.93

      $3.51

      $1.62

      $1.89

      $0.87

      $1.15

      $6.32

      $9.18

      $3.63

      $5.27

      $2.67

      $4.58

      30

      $3.04

      $3.70

      $1.66

      $2.01

      $0.88

      $1.19

      $6.66

      $9.83

      $3.84

      $5.66

      $2.77

      $4.75

      31

      $3.16

      $3.90

      $1.72

      $2.08

      $0.90

      $1.21

      $7.04

      $10.55

      $3.99

      $5.96

      $2.88

      $4.93

      32

      $3.31

      $4.14

      $1.78

      $2.21

      $0.94

      $1.24

      $7.48

      $11.34

      $4.24

      $6.43

      $3.01

      $5.14

      33

      $3.45

      $4.39

      $1.88

      $2.36

      $0.97

      $1.29

      $7.97

      $12.19

      $4.52

      $6.92

      $3.17

      $5.39

      34

      $3.63

      $4.67

      $1.98

      $2.51

      $1.01

      $1.35

      $8.50

      $13.12

      $4.85

      $7.45

      $3.36

      $5.66

      35

      $3.84

      $4.98

      $2.10

      $2.67

      $1.08

      $1.41

      $9.08

      $14.11

      $5.18

      $8.01

      $3.58

      $6.02

      36

      $4.07

      $5.29

      $2.21

      $2.85

      $1.13

      $1.50

      $9.72

      $15.17

      $5.55

      $8.63

      $3.84

      $6.43

      37

      $4.31

      $5.65

      $2.36

      $3.04

      $1.22

      $1.62

      $10.43

      $16.31

      $5.96

      $9.27

      $4.14

      $6.91

      38

      $4.58

      $6.02

      $2.50

      $3.23

      $1.30

      $1.75

      $11.17

      $17.49

      $6.40

      $9.94

      $4.49

      $7.48

      39

      $4.86

      $6.41

      $2.66

      $3.45

      $1.40

      $1.89

      $12.00

      $18.72

      $6.86

      $10.64

      $4.88

      $8.14

      40

      $5.17

      $6.81

      $2.83

      $3.69

      $1.53

      $2.07

      $12.86

      $20.01

      $7.37

      $11.38

      $5.33

      $8.91

      41

      $5.51

      $7.24

      $3.12

      $4.07

      $1.66

      $2.28

      $13.80

      $21.37

      $8.17

      $12.64

      $5.84

      $9.77

      42

      $5.88

      $7.71

      $3.33

      $4.34

      $1.84

      $2.51

      $14.79

      $22.74

      $8.78

      $13.46

      $6.43

      $10.73

      43

      $6.27

      $8.18

      $3.57

      $4.61

      $2.02

      $2.78

      $15.86

      $24.17

      $9.41

      $14.29

      $7.09

      $11.79

      44

      $6.70

      $8.69

      $3.82

      $4.90

      $2.24

      $3.06

      $16.99

      $25.65

      $10.08

      $15.15

      $7.82

      $12.96

      45

      $7.18

      $9.22

      $4.08

      $5.20

      $2.47

      $3.38

      $18.22

      $27.14

      $10.81

      $16.04

      $8.65

      $14.22

      46

      $7.67

      $9.80

      $4.37

      $5.53

      $2.75

      $3.74

      $19.50

      $28.67

      $11.57

      $17.11

      $9.57

      $15.55

      47

      $8.24

      $10.38

      $4.70

      $5.87

      $3.06

      $4.13

      $20.87

      $30.23

      $12.39

      $18.66

      $10.61

      $16.97

      48

      $8.83

      $11.02

      $5.04

      $6.23

      $3.42

      $4.57

      $22.33

      $31.79

      $13.24

      $20.27

      $11.76

      $18.43

      49

      $9.49

      $11.70

      $5.43

      $6.61

      $3.83

      $5.02

      $23.87

      $33.36

      $14.32

      $21.92

      $13.02

      $19.94

      50

      $10.21

      $12.42

      $5.84

      $7.02

      $4.28

      $5.51

      $25.51

      $34.94

      $15.82

      $23.60

      $14.38

      $21.45

      51

      $11.02

      $13.19

      $6.79

      $7.93

      $4.80

      $6.04

      $27.23

      $36.50

      $17.47

      $25.26

      $15.89

      $22.95

      52

      $11.90

      $14.01

      $7.34

      $8.44

      $5.39

      $6.59

      $29.04

      $38.05

      $19.23

      $26.86

      $17.49

      $24.41

      53

      $12.87

      $14.90

      $7.93

      $8.99

      $6.04

      $7.19

      $30.94

      $39.57

      $21.13

      $28.39

      $19.20

      $25.81

      54

      $13.94

      $15.86

      $8.61

      $9.56

      $6.79

      $7.82

      $32.94

      $41.03

      $23.12

      $29.80

      $21.02

      $27.09

      55

      $15.14

      $16.90

      $9.34

      $10.21

      $7.61

      $8.47

      $35.01

      $42.45

      $25.21

      $31.03

      $22.93

      $28.21

      56

      $16.45

      $18.03

      $10.17

      $10.89

      $8.53

      $9.16

      $37.12

      $43.72

      $27.34

      $32.04

      $24.86

      $29.12

      57

      $17.93

      $19.29

      $11.10

      $11.65

      $9.56

      $9.85

      $39.17

      $44.77

      $29.38

      $32.68

      $26.72

      $29.71

      58

      $19.58

      $20.65

      $12.13

      $12.50

      $10.71

      $10.59

      $41.05

      $45.49

      $31.24

      $32.86

      $28.40

      $29.87

      59

      $21.43

      $22.17

      $13.29

      $13.44

      $11.99

      $11.34

      $42.64

      $45.80

      $32.73

      $32.49

      $29.75

      $29.54

      60

      $23.52

      $23.85

      $14.61

      $14.47

      $13.41

      $12.11

      $43.75

      $45.49

      $33.64

      $31.42

      $30.59

      $28.57

      61

      $25.87

      $25.70

      $16.90

      $15.76

      $14.98

      $12.87

      $44.04

      $44.36

      $33.64

      $29.50

      $30.59

      $26.83

      62

      $28.47

      $27.71

      $18.64

      $17.01

      $16.67

      $13.61

      $43.08

      $41.99

      $32.27

      $26.48

      $29.32

      $24.08

      63

      $30.47

      $29.05

      $19.55

      $17.50

      $16.98

      $13.25

      $37.99

      $36.21

      $26.78

      $21.86

      $24.36

      $18.98

      64

      $20.75

      $19.72

      $12.56

      $11.23

      $9.62

      $7.28

      $23.48

      $22.32

      $14.22

      $12.70

      $10.89

      $8.25

      65

      $6.85

      $6.52

      $4.14

      $3.71

      $3.18

      $2.41

      $7.75

      $7.37

      $4.70

      $4.20

      $3.59

      $2.72



      The rates shown have been rounded up to two decimal places for ease of use, the actual premium rates applied to your account are to four decimal places.


      Salary Continuance occupational ratings Premium multiple
      Management/Clerical (white collar) 1.00
      Standard 2.10
      Heavy blue 3.20
    • Salary Continuance cover definitions

      Pre-disability salary

      Your pre-disability salary means, if you are employed, the total monthly gross income from an employer for personal exertion you receive from your usual occupation, averaged over the most recent 12 month period (that may include any period of unemployment since you last worked or the actual period of work if less) before the deduction of income tax, and includes:

      • cash salary,
      • regular overtime (averaged over the previous three years, or since you started your current occupation, if less),
      • the monetary value of non-cash benefits or fringe benefits provided by your employer in direct substitution of salary (as long as the fringe benefits continue to be provided to you after disability benefit payments have commenced),
      • performance related commissions, bonuses and other monetary benefits, averaged over the previous three years, or since you started your current occupation (if less), or

      Where you directly or indirectly own all or part of the business from which you earn your income, the total amount earned by the business over the financial year as a direct result of your personal exertion or activities through your usual occupation, less your share of business expenses, but before the deduction of income tax, for that business (or the relevant proportion for part of a financial year).

      Employed persons who have been absent from employment due to being on employer approved leave for up to 24 months

      Pre-disability income for people who have been on employer approved leave for up to 24 months (for example maternity or study leave) is the total monthly regular gross income received from an employer for personal exertion for their usual occupation before the employer approved leave commenced and averaged over the 12 month period before the employer approved leave commenced.

      People who have been on employer approved leave for a period of more than 24 months are not eligible to receive a Salary Continuance benefit.

      Members who are employed or have been unemployed for fewer than six months


      Totally disabled means, in the opinion of the insurer after consideration of medical evidence, that solely as a result of injury or illness, you are incapable of performing one or more of the duties of your regular occupation necessary to produce income and you:

      • are not engaging in any work, for wages or profit.
      • are under the care of a medical practitioner and following treatment recommended by a medical practitioner.

      Members who have been unemployed for six months or more.


      Totally disabled means, in the opinion of the insurer after consideration of medical evidence, that solely as a result of injury or illness, you are incapable of performing any gainful occupation, business, profession or employment, for which you are reasonably suited by education, training or experience and you:

      • are not engaging in any work, for wages or profit.
      • are under the care of a medical practitioner and following treatment recommended by a medical practitioner.

      For all members

      Partially disabled means:

      a) you have been totally disabled:
          i. for a period during which a total disability benefit has been paid, or
          ii. for at least seven days out of 12 consecutive days during the waiting period, and

      b) you then return to work in a limited capacity or you are capable of returning to work but only in a limited capacity, and

      c) the salary you are earning, or are capable of earning, is less than your pre-disability salary due to the injury or illness causing total disabilit, and

      d) you are under the regular care and following the advice of a Medical Practitioner.

    • Break - Special insurance offer on joining for new members

      As a new employer sponsored member of HOSTPLUS you have the opportunity to:

      • increase your unitised Death and Total & Permanent Disability cover by an additional one, two or three units, or
      • apply for fixed benefit Death and Total & Permanent Disability cover of up to $500,000, and
      • apply for Salary Continuance insurance cover for up to $4,000 per month for a benefit period of two years, with a waiting period of 30, 60 or 90 days.

      This special offer is available to you as a one-off opportunity when you first complete your Membership application and select this option or when you join online at hostplus.com.au or on the form that is available at www.hostplus.com.au/forms. If completing the paper application form, you must return the form within 6 months from the effective date from the first on time SG contribution is received or within 60 days from the day you receive your HOSTPLUS welcome letter, whichever is the later.  

      This offer is only available to new members joining HOSTPLUS who don’t have any current/existing memberships with HOSTPLUS.  It’s important to note that if you don’t take up the “Special Offer” on the first application you have completed (either online or paper), you cannot complete a subsequent application to take advantage of the offer.

      If you are not at work on the date that you sign your application, you will only be provided with Total and Permanent Disablement and Salary Continuance cover for an illness that first becomes apparent or an injury that first occurs on or after the date your cover commenced. Full cover will be provided after you return to work.
    • Specific life events cover - cover that keeps up with you

      To help ensure your Death and Total & Permanent Disability (TPD) cover keeps up with you whenever you take a big step forward – like buying a new home or starting a family, you have the opportunity to take advantage of our life events cover. This feature allows you to increase your unitised cover by one additional unit or under fixed benefit cover, by 25% of your current sum insured up to a maximum of $200,000, without the need to complete lengthy paperwork or supply medical information.

      To obtain the additional cover under this feature, you must apply within 6 months of:

      • getting married,
      • the birth or adoption of a child/children,
      • divorce,
      • death of a spouse,
      • taking on a mortgage or negotiating an increase to your existing mortgage (principle place of residence),
      • completion of an undergraduate degree at an Australian university,
      • a dependant child starting secondary school,
      • becoming a carer for an immediate family member for the first time and you are financially responsible for such care and are physically providing such care,
      • taking out a business loan in excess of $100,000,
      • increasing an existing business loan, by at least $100,000 (excluding re-draw and refinancing).

      You will need to provide proof that the event has occurred. If you have Death Only cover, the increase will be for Death Only cover. If you have Death and TPD cover, the increase will apply to both types of cover. You can take up one life event cover increase every 12 months, three increases in total in the lifetime of your membership. The same loadings, exclusions and limitations will apply to your life events cover that applied immediately before your life events application.

      If you have been previously declined in your application for insurance by the insurer you will not be eligible for the Specific life events cover.

      To apply use the Specific life events insurance form available at www.hostplus.com.au/insurance