Insurance with Rest

Protecting your Super legislation introduced 1 July 2019 means that if you have not contributed to your superannuation account in the last 16 months, and you have not chosen to keep your cover despite this inactivity, your insurance will ‘switch off’. To further protect your retirement savings, Rest has reduced the 16 months to 13 months, and provided you with a 60 day window after its cancelled to elect to reinstate.

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.