Making Cbus insurance cheaper, fairer, better

From 30 September, we’re making improvements to our insurance

Money going in and out of a basket
Reduction in TPD (Total Permanent Disablement) premiums
hard hat and list
Change in default units for Manual members under 21
man with arrows
Reduction in Income Protection premiums for Sole Traders
Arrorw and coin
Increase in TPD Cover for Manual members

How does it work?

Death cover provides a benefit payment, on top of your super balance, if you die, or are diagnosed with a terminal illness.

Total and Permanent Disablement (TPD) cover can give you a lump-sum benefit if you're unlikely to ever work again due to illness or injury.

Income Protection cover provides a monthly income if you can’t work because of an accident or illness.

Setting up your insurance is straightforward - for eligible members it can even be done when you first sign up.  

Why Cbus?

Cbus’ insurance is designed for the industry you work in, with options suited to the type of work you do. 

Your super balance (provided you have enough), will cover the cost of your insurance premiums. This means the costs to maintain your cover won't affect your day to day budget, as they’re deducted directly from your super account.

We buy our insurance as a group, so costs are generally lower than insurance you buy as an individual.

Find your occupation category below to see how the changes will benefit existing members, or how our insurance could work for you.  

Industry Members

For those working, with an employer who pays their super contribution

Manual

You perform manual or physical work, and spend more than 20% of your working time outside an office environment. You might be a carpenter, plasterer, bricklayer, plumber, or similar.

Male construction working carrying metal rods on a rooftop site.
Cheaper, fairer, better insurance cover
  1. We’ve listened to our younger members under 21 who want to build up their super balance and generally don’t require large amounts of death cover. Your default cover will now be 1 unit of combined Death and TPD cover. Dollar wise, this equals $52,000 of death cover and $52,000 of TPD cover.
  2. Manual members up to age 44 will see an increase in TPD Cover amounts (between 20% and 100%).
  3. All Manual members will see a 40% reduction in TPD premiums.
Cover
  • By answering a few simple eligibility questions, manual workers can have their insurance set up when they join as a member, with what's called default cover. Default cover is the type and amount of insurance cover eligible members receive automatically based on age and occupation.
  • Eligible members have the option to increase, decrease or cancel their cover, but be aware there are limits on how much cover you can have.
  • If you decide you need extra cover, you can apply within six months of starting with your first Cbus employer, and you won’t need a full health check.  You can also apply at any other time by completing an application form which is assessed by the Insurer.
  • Learn more about the Industry Insurance (PDF) offering.

 

Non-Manual

You perform work of a clerical administrative, managerial or professional nature, and don’t perform any manual (physical) work and you spend a minimum of 80% of your time in an office environment. You might be a bookkeeper, surveyor, payroll administrator, etc.

Female office worker at desk on the phone.
Cheaper, fairer, better insurance cover

TPD premium rates will be reduced by 44%. The combined death and TPD cost will decrease from $3.58 to $2.68 per unit, per week.

Cover
  • By answering a few simple eligibility questions, non-manual workers can have their insurance set up when they join as a member.
  • Eligible members have the option to increase, decrease or cancel their cover, but be aware there are limits on how much cover you can have.
  • If you decide you need extra cover, you can apply within six months of starting with your first Cbus employer, and you won’t need a full health check. You can also apply at any other time by completing an application form which is assessed by the Insurer.
  • Learn more about the Industry Insurance (PDF) offering

Electech

You are employed in the electrical, electronic and communications industries. You may be an electrician, electrical tradesperson, or linesperson.

Electrician working on cabling in dark room with light shining on face.
Cheaper, fairer, better insurance cover

The electech occupation category has maintained its price point with no increases for members.

Cover
  • By answering a few simple eligibility questions, electech workers can have their insurance set up when they join as a member, with what's called default cover. Default cover is the type and amount of insurance cover eligible members receive automatically based on age and occupation.
  • Eligible members have the option to increase, decrease or cancel their cover, but be aware there are limits on how much cover you can have.
  • If you decide you need extra cover, you can apply within six months of starting with your first Cbus employer, and you won’t need a full health check. You can also apply at any other time by completing an application form which is assessed by the Insurer.
  • Learn more about the Industry insurance (PDF) offering.

Professional

You perform work of a sedentary, professional nature, have an annual taxable income of more than $100,000 and a university qualification, or you’re a Senior or Executive Manager. You might be an Accountant, Architect, HR Manager, or Marketing Manager.

Female in architectural office working through plans.
Cheaper, fairer, better insurance cover

TPD premium rates will be reduced by 44%. The combined death and TPD cost will decrease from $3.58 to $2.68 per unit, per week.

Cover
  • By answering a few simple eligibility questions, professional workers can have their insurance set up when they join as a member.
  • Eligible members have the option to increase, decrease or cancel their cover, but be aware there are limits on how much cover you can have.
  • If you decide you need extra cover, you can apply within six months of starting with your first Cbus employer, and you won’t need a full health check. You can also apply at any other time by completing an application form which is assessed by the Insurer.
  • Learn more about the Industry Insurance (PDF) offering

Insurance for Sole Traders

For those who are self-employed, and operating as a sole trader or in an unincorporated partnership, you'll be eligible for default Death and TPD cover and accident only Income Protection cover when you join Cbus.

Cheaper, fairer, better insurance cover

For our Sole Trader members, the cost for Income Protection Accident only cover will reduce by 44%.

Learn more about the Sole Trader insurance (PDF) offering. 

Insurance for Personal Super members

If you're not receiving employer contributions, you can apply to become a Cbus Personal Super member.


After you join you can apply for the insurance cover that gives you the level of financial protection you need.

Learn more about the Personal Super insurance (PDF) offering.

 

If you require further information on any of our insurance options please visit our dedicated insurance page.

 

Log in to your account

You can check your insurance details or apply to change your existing cover using Insurance Online.

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We’re here to help

Call our Cbus Advice Team on 1300 361 784

Press 4 to be connected

8am to 8pm Monday to Friday AEST/AEDT

Email: advice@cbussuper.com.au

Or use our online form to book a time for our Advice Team to call you.