Automatic cover for new members
If you work for an employer that’s chosen Catholic Super as its nominated super fund, you may be eligible to receive default death, Total & Permanent Disablement (TPD) and Income Protection (IP) cover.
Our default death and TPD cover provides an amount of cover that changes as you age, based on what a typical member may need at certain life stages.
- Death cover starts at lower levels while you're young and increases until you reach your mid-forties, to reflect the financial commitments many members may have at this stage of their lives.
- TPD cover is provided at higher levels through middle age, then gradually decreases as members generally have larger super balances and changing financial needs.
IP cover is generally provided at a fixed amount of $3,000 with a benefit period of up to 2 years and a waiting period of 90 days. In the event of a claim, IP benefits are limited to a maximum of 85% of your pre-disability income. Default IP cover does not apply to members joining via transport industry employers – please refer to the Insurance in your super guide for more information.