Insurance is a very important part of your financial planning as it gives you and your family financial security should you become permanently disabled or pass away.

Enterprise Plan provides a range of low-cost insurance options designed to help you make sure you have the right level of cover for your personal circumstances. Taking out insurance through the Fund has a number of advantages and includes:

Automatic insurance (default cover) for all Employer sponsor (Choice and MySuper) members with no medical requirements. Optional insurance benefits are also available for Enterprise Plan Personal product members.

Enterprise Plan insurance covers offer:

  • Tax-effective premiums deducted from your super member account
  • Options to increase or decrease your covers
  • Option to transfer your existing cover into the Fund

Insurance Options

The type of insurance Enterprise Plan offers depends on whether you joined the employer sponsor division or the personal product. As well, some employees may hold tailored insurance arrangements established by their employer within Enterprise Plan Employer Super.

Enterprise Plan Employer Super (Choice and MySuper) – All members are provided with default cover by the Insurer Hannover Life Re  (HLRE) as part of their membership.

Enterprise Plan Personal Product offers the following insurance covers:

Death – a lump sum payment in the event of your death or terminal illness. Unlimited Death cover and Terminal Illness cover of up to $3 million. Subject to underwriting.

Death & Total and Permanent Disablement (TPD), and Terminal illness – a lump sum payment if you become totally and permanently disabled (as defined). Up to $3 million underwritten cover is available.

Income Protection (IP) – a monthly benefit* of up to 75% of your normal salary or wage and 9.5% superannuation (or $30,000 per month), if you cease working because you become totally or partially disabled.

* The benefit is paid after a 30 or 90 days waiting period if underwritten and continues for a maximum of 2, 5 years or to age 65 if underwritten.

Automatic Default Insurance Cover
On joining Enterprise Plan, eligible employer sponsor members automatically receive the applicable Default Cover without any medical check. The level of cover and the cost of the Default Cover depends on a range of factors, including age, occupation and gender.
Note there are costs associated with insurance cover and each member is responsible for meeting the costs of their cover. Please refer to the Enterprise Plan Insurance Guide for full details click here.

Enterprise Plan Personal Choice – Optional insurance benefits are available for members for:

  • Death only
  • Death & Total and Permanent Disablement (TPD); and
  • Income Protection cover

Health evidence is applicable, and the health evidence section of the Personal Choice application needs to be completed. A Full Personal health Statement will need to be completed.

Cover will commence on the day Member Services receives your fully completed application subject to:

  • Your account balance being sufficient to cover the premium due, and
  • HLRE agreeing to provide cover for you.

Member Services will notify you of HLRE’s decision in writing.

Application forms and the full personal health statement can be found on the Forms & Publications page.

Increase your cover
It is well known that up to 96% of Australian families with dependents may under insured? For some people, the default cover may not be enough to provide necessary support for their loved ones, if an accident or illness ever happened to them. Enterprise Plan offers a number of ways to minimise the risk to your family by increasing your cover.

Apply for additional underwritten Cover
You can apply to increase your insurance cover at any time. This means that you will need to provide the Insurer with satisfactory evidence of health and you will need to pass the Insurer’s assessment process before any additional cover can be provided. This process may include medical tests and physical examinations.

Transfer existing cover
Where a member is insured under another insurance policy and they have selected Enterprise Plan as a result of “choice of fund”, they can transfer their existing Death, Total and Permanent Disablement and / or Income Protection cover into Enterprise Plan without medical underwriting (subject to meeting eligibility criteria).

Click here to read Enterprise Plan Insurance Guide for detailed information.

Apply for additional cover

As long as you are under age 55, and you apply within 90 days of the occurrence of the event, you may apply for additional cover for the following:

  • Marriage, birth of a child, or adoption;
  • First mortgage, or home renovation on principal place of residence;

Details of cover amounts available and terms and conditions can be found in the Insurance Guide.

Enterprise Plan Insurance at a glance and the Enterprise Plan Insurance Guide provide detailed information on insurance cover availability, options and pricing.



For the purpose of determining the premiums you will pay, your age next birthday is determined at the date you joined Enterprise Plan and annually on the 1st day of July in each subsequent year. The premium paid is also determined by your occupation.

Occupation type summary – Includes

  • White collar – professionals, management, clerical and administrative workers
  • Light blue – qualified skilled tradesmen performing light to medium manual work such as electricians, plumbers and chefs
  • Dark blue – unskilled manual workers such as cleaners, bricklayers and fencing contractors.

Not all occupations can be covered. Where you do not think your occupation type is covered, give full details to our Member Services Insurance team member, or consult the occupational classification list available from Member Services or on the Forms & Publication Page.

Further information about your insurance protection can be found in the Insurance Guide available on the Forms & Publication Page.

Other benefits

Rehabilitation expense benefit – Members who are being paid a total or partial disability benefit, may have expenses incurred as a result of participation in a rehabilitation program met by the Insurer.

Bereavement benefit – If a member dies while either a total or partial disability benefit is being paid, they may have a further lump sum amount of $10,000 paid.

Benefit Indexation – Whilst on claim benefits are indexed for inflation


Interim Accident Benefits – While the Insurer is considering your application for income protection benefits cover, they will provide you with interim accident benefits up to a maximum of 90 days after the application is received, or until the date on which the Trustee is notified the application has been accepted or declined, the application has been cancelled or withdrawn, or you cease to be eligible for cover.

The Insurance Guide provides full details of when cessation of cover for income protection and total and permanent disability applies.

Further information about your insurance protection options can be found in the Insurance Guide or Insurance at a glance, available on the Forms & Publications Page.