Millennium Master Trust
- Insurance Cover
Cover is available for Death, Total and Permanent Disability, and income protection;
Death/total and permanent disablement insurance
Amount of Cover
Multiple units of Standard Cover as per the table below, or Tailored amounts as nominated by the member or their employer.
| Age Next |
Sum Insured |
Age Next |
Sum Insured |
| 16 - 34 |
68,400 |
50 |
10,500 |
| 35 |
58,400 |
51 |
9,500 |
| 36 |
54,200 |
52 |
7,900 |
| 37 |
50,500 |
53 |
6,800 |
| 38 |
45,300 |
54 |
5,800 |
| 39 |
42,100 |
55 |
5,300 |
| 40 |
37,900 |
56 |
4,700 |
| 41 |
34,200 |
57 |
4,200 |
| 42 |
30,000 |
58 |
3,700 |
| 43 |
26,900 |
59 |
3,200 |
| 44 |
23,700 |
60 |
2,600 |
| 45 |
20,500 |
61 |
2,600 |
| 46 |
18,400 |
62 |
2,100 |
| 47 |
15,800 |
63 |
2,100 |
| 48 |
13,700 |
64 |
1,600 |
| 49 |
12,100 |
65 |
1,600 |
1 Unit of Cover is compulsory for all Employer Sponsored Members and
is provided without any evidence of health (subject to meeting the eligibility
criteria).If you are actively employed on a permanent basis AND are working more than 15 hours every week, 1 unit provides cover for Death and for Total and
Permanent Disablement.
If you are employed on a casual basis or working less than 15 hours every week, 1 unit provides cover only for Death.
There is no automatic cover for Personal Super or non-contributory members as all cover and sums insured are optional.
Other insurance scales and formulas can be used, subject to normal underwriting processes.
Income protection insurance
An optional cover with a 2 year benefit period and either a 30 or 90 day waiting period.
Insurance Premiums
Standard Cover is $1.00 per unit per week Death/TPD and $0.80 per unit per week Death Only for members under an Employer Group that has 5 or more members. In all other cases,
retail rates apply, based on gender, occupation, smoking habits, etc.
Rates for Tailored cover can be arranged for Employer groups.
Applying For Extra Cover
To apply for Additional Insurance you need to complete a health
questionnaire and send it to us.