Unless you chose to keep your insurance before 1 April 2020, or you are a new member who has actively chosen to have insurance through your super - your insurance will ‘switch off’ if there’s no contribution to your super for 13 continuous months. Your insurance can be re-started within 60 days of it being cancelled, if you let us know.
Putting Members Interests First (PMIF)
If your super is less than $6,000 (or you’re under 25) when you join Rest, receiving default insurance is no longer automatic.
If you’d like to have insurance in your super, you’ll need to let us know. Do this by clicking on the insurance tab in MemberAccess, and following the options. We’ll withdraw insurance premiums from your super until you tell us otherwise, so you’ll need to ensure you have enough in your account to cover your premium.
If you join Rest and are age 25 or over, with a super balance of $6,000 or more, you’ll receive default insurance automatically when we receive your next super contribution from your employer.