AIA Australia

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Product Features

The SMSF Master Insurance Plan has been exclusively designed to meet the needs of people with their own self managed superannuation fund.

Group Life Insurance for SMSF's

For the first time, the benefits of group insurance cover are available to the SMSF market. The SMSF Master Insurance Plan offers simple, easy to understand and accessible cover options that are held within the SMSF and as a non-superannuation policy.

Cover is provided through superannuation and non superannuation master insurance policies issued by AIA Australia Limited to Australian Group Insurances (AGI) as Policy Owner and Administrator of the SMSF Master Insurance Plan. In the event of claim, for cover issued under the superannuation policy, benefits are payable directly to the trustee of the SMSF. For cover insured under the non superannuation policy, benefits are payable directly to individual members.

Read the SMSF Master Insurance Plan Product Disclosure Statement for more information

Competitive Rates

Enjoy the peace of mind of a secure financial future for you and your family at competitive, wholesale group insurance rates. Get an online quote in just one minute.

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Cover Options

The SMSF Master Insurance Plan offers Death, Total and Permanent Disablement (TPD) and Income Protection cover:

  • Death cover can provide your dependants with a lump sum benefit if you die or are diagnosed with a terminal illness.
  • TPD cover can provide you or your dependants with a lump sum benefit if you are sick or injured to the extent where you are not expected to ever work again.
  • Income Protection cover can provide you with an ongoing monthly income in the event that you become totally or partially disabled (either temporarily or permanently) and are unable to work due to sickness or injury.
Cover Maximum Cover Features
Death Unlimited Must be held within the SMSF as a minimum requirement to obtain cover. 
TPD $3 million

Available to be held within the SMSF in conjunction with Death cover. 

If a TPD benefit becomes payable, then your Death cover will be reduced by the amount of any TPD benefit paid
TPD – Own Occupation $3 million

Available as a standalone non-superannuation policy.  

If a TPD benefit becomes payable, any Death cover held separately under the SMSF will not be reduced by the amount of any TPD benefit paid.
Income Protection – Basic or Plus Options $30,000 per month

Available as a non-superannuation policy.

Plus Options provides a range of ancillary benefits.

Simplified Underwriting

We've simplified the underwriting process by only asking the questions relevant to the type and amount of cover you apply for.  That means you save time on unnecessary forms and medicals.

Type of Cover Apply Using

Death and TPD cover up to $1.25 million (under age 60)
Income Protection up to $10,000 per month (under age 60)

The Limited Underwriting Questionnaire containing only no more than 9 simple underwriting questions.

Apply Online Now to get an immediate decision

Death and TPD cover over $1.25 million
Income Protection over $10,000 per month
All applications aged 60 or over

TPD – Own Occupation cover
Full Personal Statement

Transfer Your Existing Cover

You can transfer existing insurance cover of up to $2 million Death and TPD and $20,000 per month Income Protection from a superannuation fund or retail insurer.  You will receive the same level of cover subject to the underwriting terms of the former insurer. 

Read the SMSF Master Insurance Plan Product Disclosure Statement for more information