We’ve made it easy to increase your cover when circumstances in your life change. We call this applying for cover due to a life event.
Key points
- Life events include things like getting married, having a child or buying your own home.
- You may be eligible to increase your insured amounts of:
- death cover
- death and total and permanent disablement cover
- income protection cover.
- When you apply for cover you’ll be asked to provide some basic information.
- You'll need to apply within 90 days of the date of the event.
Types of life events
Life events include:
- you get married, or on your first wedding anniversary with the same person; or
- you start a de facto relationship (documented), or on the first anniversary of this relationship; or
- you get divorced (or separate from a de facto relationship), or on the first anniversary of such event; or
- you or your partner gives birth to your child; or
- you adopt a child; or
- your spouse or de facto partner dies; or
- you take out a home loan to buy the property you live in, or increase the loan on your home you live in to do renovations or extensions; or
- any of your children turn 12 or start secondary school for the first time; or
- you get an increase in salary from your employer (this only applies to IP cover and isn’t available if you’re self-employed; or
- you reach 30, 40 and 50 years of age."
Work out if you’re eligible
To be eligible for this cover you must meet a few criteria. For example:
- be under 60
- being employed
- you haven’t increased your insurance as a result of a life event in the last 12 months.
You can find the full criteria in the relevant Insurance Handbook
Cover limits under life events
Life events limits for death and total and permanent disablement cover
- you can apply for up to $200,000 cover for each event
- the increase can be either a fixed amount or a multiple of the age-based cover scale
- total cover cannot exceed $3 million after receiving life events cover.
Life events limits for income protection cover
- you may increase your existing cover by up to $2,500 per month for each event
- a maximum of $25,000 per month applies across all life events cover granted to you
- any increases through life events cover cannot exceed 87% of you monthly income
- your existing waiting period and benefit period won’t change.
How to apply
If eligible you can apply for cover through your Member Online account.
You’ll need to answer a few questions about your life event and personal circumstances. This is so we can verify that you’re eligible to increase your cover this way.
If you need help to fill out the form, contact us.
When a decision has been made, we’ll let you know the outcome of your application.
Related information
- Calculate your insurance
- Types of insurance
- How much insurance you need
- Making an insurance claim
- Book an appointment with our advisers
Related documents
Where 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
If you have insurance somewhere else, you can apply to transfer it to us. This means you could save money and maintain your existing cover.