What is DTI?

Death and Terminal Illness (DTI) insurance pays a lump sum if you die or you’re terminally ill and medically certified to have less than 24 months to live.

The lump sum from DTI insurance can be used to help:

• repay a mortgage and other debts

• generate an ongoing income stream for your family

• pay part of an estate plan for your beneficiaries

• cover medical and funeral costs.

Eligible members automatically receive an amount of Basic DTI Cover. If this isn’t enough for you or you’re not eligible, you can apply for Voluntary DTI Cover. To find out more about eligibility please read the PDS and relevant Insurance Guide.

What is TPD?

Total and Permanent Disablement (TPD) insurance pays a lump sum if you're unlikely to ever work again due to an illness or injury. This money can help you pay off debt, cover medical and rehabilitation costs, establish an income stream and modify your lifestyle to accommodate your disability.

You can have TPD insurance through Mine Super. Eligible members automatically receive Basic TPD Cover, but if this isn’t enough for you or you’re not eligible, you can apply for Voluntary TPD insurance. To find out more about eligibility, please read the PDS and relevant Insurance Guide.

Claiming on your TPD insurance

If you’re injured or ill and this has stopped you from working permanently , make sure you give us a call on 13 64 63 to see if you ’re eligible to make a TPD claim. You can make a claim on your TPD insurance even if you:

• receive workers compensation payments

• become injured or fall ill outside of work

• are already claiming income protection benefits.

What is IP?

Income Protection (IP) insurance provides a temporary income if you can’t work because of illness or injury. Following meeting the definition of the applicable waiting period, you’ll receive IP payments for a specified benefit period, as long as your treating doctor certifies that you continue to be unable to work due to the relevant illness or injury. This benefit is paid on a regular basis, not as a lump sum, and is taxed as normal income. This type of insurance helps you continue paying your rent or mortgage, bills, and other daily living expenses.

For details about our IP insurance, including how to get it, your waiting and benefit periods and how to tailor your insurance, read the PDS and relevant Insurance Guide.

While most super funds offer insurance cover to their members, they may not cover people working in a job that’s considered ‘dangerous’. If you work in mining, transport, or a related industry, jobs commonly excluded from insurance cover include miners, truck drivers, loaders, mechanics, flight crew, store persons.

At Mine Super, our insurance caters for members working in such high risk or ‘dangerous occupations’, who can find it hard to obtain adequate and reasonably priced insurance elsewhere, due to their jobs.

Government rules generally mean insurance cover can’t be automatically switched on unless you are aged at least 25 and have an account balance of at least $6,000. However, the rules also allow us to make an exception for members who work in a dangerous occupation. If you joined the Fund on or after 20 May 2024 and are eligible for insurance, and if you tell us you have a dangerous occupation (or if we don’t know your occupation), your cover will start automatically in the Default Division after all the following have occurred:

• you’re aged 18, and

• your account receives a mandatory employer contribution or you are self-employed, and

• your account balance is at least $500.
  

The following broad occupation categories are regarded as ‘dangerous occupations’ by the Fund, as specified in the Fund’s Dangerous Occupation Exception Election Letter prepared by a Fellow of the Institute of Actuaries of Australia:

• Automotive and Engineering Trades Workers

• Construction and Mining Labourers

• Construction Trades Workers

• Design, Engineering, Science and Transport Professionals

• Electrotechnology and Telecommunications Trades Workers

• Factory Process Workers

• Health and Welfare Support Workers

• Machinery and Stationary Plant Operators

• Mobile Plant Operators

• Other Labourers

• Protective Service Workers

• Road and Rail Drivers

• Store persons.

The cost of your insurance depends on your insurance division, the type and amount of cover you have, and other factors depending on which Division you’re in, such as age, gender, Occupation Group, and smoker status (as applicable).

For our Default Division, insurance fees are made up of two parts.

• Premiums: Insurance premiums apply to all insured members – these are set out in the Insurance Guide (Default Division).

• Insurance administration fee: In addition to insurance premiums, all insured members are charged an insurance administration fee. This fee is calculated as 3% of an insured member’s gross insurance premiums, charged as a separate and standalone fee.

For more information about the costs of your insurance, including the premium rates applicable for your age, read the relevant Insurance Guide.

Our spouse member insurance is no longer available. If you're a current member with this insurance, read more about the spouse member insurance premiums.

If your super account becomes inactive (e.g. it hasn't had a contribution, including a transfer from another super fund, for 16 months or more) and you haven't let us know you want to keep your insurance, your insurance will be cancelled. Before this happens you can opt-in to keep your current insurance cover, which will allow you to keep it even if your account becomes inactive (subject to the normal terms and conditions of our insurance being met), as long as you have sufficient funds in your account to pay the insurance fees.

Once you have insurance cover, you can change or cancel it at any time. Simply call us on 13 64 63 or click here to use a form.

There might be times in the future when your insurance is cancelled or changed in line with the normal terms and conditions of our insurance, for example, if you have insufficient funds in your account to pay for your cover, or you reach the maximum age to have our insurance. To find out more please read the relevant Insurance Guide.

If there are any material changes to your insurance, we’ll let you know in writing at least 30 days before the changes take effect. You can find out more by reading the Product Disclosure Statement and relevant Insurance Guide. Importantly one of the best ways to keep your insurance is to make regular contributions to your account. The best way to do this is to have your employer contribute the compulsory super they pay for you to your Mine Super account.