Top up your life insurance via your superannuation

There are a number of benefits of having your insurance through your super:

• The insurance premiums are normally deducted from your super contributions, not your take home pay, which means you don’t have to dig into your pockets to pay premiums.
• Holding insurance inside superannuation can be very tax effective because of the various concessions available when making super contributions.

While life insurance through your super is a great way to arrange your cover, many Australians only have life insurance through their super. Also the default level of cover provided by your super fund is not tailored to your individual needs and so may not be adequate.

You need to look at your super account to determine if the cover you hold now is enough to meet your, and your family’s, needs. It can be quite easy to adjust your level of cover; simply contact your super fund directly to discuss what you need to do.

AIA Australia partners with some of the top superannuation providers in Australia. By clicking on the logo of the superannuation company you are with, you will be taken to their website where you can learn more about their insurance options.