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Having enough insurance can make a big difference to you and your family. If you become sick or injured and can’t work, you still need to pay for your living expenses. Work out how much insurance you need and how to check you’re covered.

Key points:


  • There are different types of insurance to protect you:
    • if you die or become terminally ill, or
    • are unable to work due to an illness or injury.
  • The amount of insurance you’ll need depends on your personal situation. Your age, income, and number of dependants are helpful in working this out.
  • You can work out how much insurance you need online in just a few simple steps with our insurance calculator.
  • It’s easy to make changes when you need to through your Member Online account.

What is insurance?

Insurance can provide financial support for you and your family if something unexpected happens.

Why you may need cover

An insurance benefit can help pay for living expenses in place of your income. If you can’t work because of illness or injury, you might need help paying for expenses. You might want to have insurance if you:

  • have a family to support
  • have a mortgage or other debts
  • don’t have enough savings or super to support you.

Your insurance through super

There are three different types of insurance you can have through your super. You can choose to have all three cover types, the permitted combination of cover types or none at all.

Death cover is a way to make sure those depending on your income are financially protected if you die. It’s also known as life insurance. It can make a payment to your beneficiaries or to you if you become terminally ill.

Find out how death cover works

Total and permanent disablement cover is a lump sum paid out if you become sick or injured and can never work again. This is also known as TPD. It can be used to pay your debts, cover your medical bills and help with your living expenses. You cannot have total and permanent disablement cover without death cover.

Find out how TPD works

Income protection cover gives you regular payments if you can’t work for a period of time due to illness or injury. The money can be used to cover your living expenses or medical bills while you’re not earning an income.

Find out how income protection works

Work out how much insurance you need

The amount of insurance you need will depend on factors such as:

  • your age
  • your income
  • your living expenses
  • how much money you have in debt
  • how much money you have in savings
  • if you’re married, have children or other dependants.

You can also consider how much insurance will cost.

Calculate how much you need

Working out how much insurance you need is simple with the insurance calculator. The insurance calculator can estimate the type and amount of cover you need. You can also calculate how much the insurance will cost.

Get insurance advice

We offer a range of advice options. Our experienced planners can help you work out your insurance needs and plan for your future.

Book an appointment

Changing your insurance

Sarah is a 30-year-old manager with Basic Cover of $224,100 at her age. After having twins, Sarah decides she needs more death and total and permanent disablement cover.

Sarah considers upgrading to Basic Plus Cover. This would double her original Basic Cover to an amount of $448,200.

Sarah decides she wants more insurance than what Basic Plus Cover offers. She applies for three times the Basic Cover amount. This provides $672,300 death and total and permanent disablement cover.

Sarah answers employment, health and lifestyle questions in her application and the insurer approves the increased amount.

Having more cover provides Sarah with better protection but also increases the cost of Sarah’s insurance.

Frequently asked questions

You can find out what insurance you have by:

  • logging into your Member Online account
  • logging into your Aware Super app
  • clicking on the insurance tab.

It’s easy to transfer your insurance to us from another life insurance policy or super fund.

You can apply to transfer any existing:

  • death cover
  • death and total permanent disablement cover
  • income protection cover.
  • You’ll need to cancel your other cover when your application is approved by the insurer. Maximum limits apply. For more information refer to the relevant Insurance handbook

Find out how you can transfer your other insurance to Aware Super

You can top up your insurance if you need more cover. Updating your insurance is easy.

You can apply to change your insurance either:

  • directly through your Member Online account
  • or by completing an application form and sending it to us.

Where to next?

Calculate your insurance needs

Our insurance calculator can provide an estimate for how much you need and what it will cost. Simply answer a few questions such as your age, salary, number of dependants and expenses.

Check your insurance

Did you know you can check and change your insurance using your Aware Super Member Online account?

Transfer insurance to Aware Super

It’s easy to apply to transfer other insurance to us. This means you could save money and maintain your existing cover.