SMSF insurance

Self-managed super is one of the fastest growing segments of the super industry, but it’s also one of the most underinsured

IOOF SMSF Insurance is an easy-to-use, cost-effective insurance solution for your self-managed super, whether it’s an SMSF or a SAF.

It gives you access to death only cover or death and Total and Permanent Disablement (TPD) insurance designed specifically for self-managed super funds.

Key features

  • Suitable for SMSF members aged between 16 and 64
  • Benefit expiry age of 70
  • No maximum sum insured for death cover and up to $3 million for TPD cover
  • Interim accidental death cover during application assessment included, up to $1 million for up to 90 days
  • Competitive premiums, especially for ages 50 and over
  • Easy acceptance up to $1.5 million
  • Transfer of existing cover from other insurers and superannuation funds permitted, up to $2 million cover
  • TPD definition aligned to superannuation legislation
  • Terminal Illness included, up to the first $2 million of death cover
  • One stop application and administration management by TAL
  • Competitive premiums
  • Yearly premium renewal, on 1 July common renewal date
  • TPD claim qualification period 90 days
  • Built in inflation protection
  • Continuation option available within 30 days of leaving the SMSF, up to age 60 and no requirement for further evidence of health
  • Issued, underwritten and administered by TAL Life Limited ABN 70 050 109 450 AFSL 237848 (TAL)

Further information

For day-to-day enquiries please contact:

Applications should be mailed to:

  • TAL Life Limited
    Group Life Administration
    GPO Box 5380
    Sydney NSW 2001