LUCRF SUPER

MEMBERS

Insurance

Insurance provides an opportunity to relieve the financial stress that can come with passing away or disablement (temporary or permanent) and offers peace of mind for yourself and your loved ones. 
 
By having insurance through LUCRF Super, the premiums (costs) are deducted directly from your superannuation, not your bank account – so there is no need to budget for this as a separate family or personal expense.
 

What you can choose from

LUCRF Super offers members insurance for:
  • Death and Total & Permanent Disablement (TPD),
  • Death Only, and
  • Income Protection.

Types of Cover

LUCRF Super members undertake different types of work. In recognition of this, we offer two different types of cover for Death & TPD and Death Only:
 
1. STANDARD COVER
For members in traditional blue-collar roles and whose work involves manual labour conducted outside an office environment.
 

 
Age at Next Birthday
Death & TPD
(Standard)
$2 per week
Per unit of cover
Death Only
(Standard)
$1 per week
per unit of cover
Up to 30
$ 100,400
$ 67,600
31 to 35
$ 98,400
$ 50,900
36 to 40
$ 79,200
$ 50,900
41 to 45
$ 44,100
$ 38,100
46 to 50
$ 22,100
$ 22,100
51 to 55
$ 12,400
$ 22,100
56 to 60
$ 7,300
$ 22,100
61 to 65
$ 6,600
$ 19,800
66 to 70
(Death Only) $ 4,500
$ 12,500

 
2. WHITE COLLAR COVER
For members whose workplace role is:
  1. Limited to professional, administrative, clerical, secretarial or similar deskbound tasks;
  2. Does not involve manual work; and
  3. Is undertaken entirely (or at least 80%) within an office environment.
 

 
Age at Next Birthday
Death & TPD
(White Collar)
$2 per week
per unit of cover
Death Only
(White Collar)
$1 per week
per unit of cover
Up to 30
$ 172,400
$ 116,100
31 to 35
$ 168,900
$ 87,400
36 to 40
$ 136,100
$ 87,400
41 to 45
$ 75,700
$ 65,500
46 to 50
$ 37,900
$ 37,900
51 to 55
$ 21,300
$ 37,900
56 to 60
$ 12,700
$ 37,900
61 to 65
$ 11,400
$ 34,000
66 to 70
(Death Only) $ 7,500
$ 22,000


Death Only Insurance

$1 per week per unit of cover.
 
An insured benefit and the members account balance is payable to your beneficiary/s or estate in the event of your death, upon proof and acceptance by the insurance underwriter. 
 

Death and TPD Insurance

$2 per week per unit of cover.
 
An insured benefit and the members account balance is payable to your beneficiary/s or estate in the event of your death, or to you if you are deemed totally and permanently disabled, upon proof and acceptance by the Insurance Underwriter.
 
One unit of Death & TPD cover is our default cover. Default cover is allocated if you do not nominate any insurance upon joining LUCRF Super.

Income Protection Insurance 

Cost and level of cover depends on your age, gender and occupation.

Members can apply for Income Protection Insurance which insures for temporary disablement. The coverage and rate of premium depends upon your age, gender and occupation. For further details please see the Income Protection section under Insurance on this web site or call us on 1300 130 780. 
 

Industry Fund - Default Cover

Upon joining LUCRF Super’s Industry Fund, members are given one (1) unit of Death & TPD cover (our default cover). Members then have 60 days to choose up to four (4) units of Death Only cover, or one (1) unit of Death & TPD cover (our default cover costs $2.00 per week), without the need for any Health Declaration or other medical evidence. 
 
The default cover (one (1) unit of Death & TPD) is applied if you do not choose any insurance cover on your Insurance Election Form or we receive a contribution directly from your employer with no forms.
 
If you wish to change your insurance (outside the 60 day period), or upgrade to a higher level of cover (up to $2 million), then the normal upgrade process applies.
 

Personal Plan & Spouse Members

Personal Plan Members and Spouse Members can apply for insurance cover however they must complete an Insurance Election Form – Personal Plan and ING Personal Statement. Both forms are available below in PDF format or call us on 1300 130 780.


  • Forms

  • Insurance Election Form - Industry Fund

    Please complete this form to change your insurance cover if your employer contributes super for you.

    Download »  
  • Insurance ING Personal Statement

    Please complete this statement to apply for Income Protection insurance, any Personal Plan insurance, and any Industry Fund cover above 7 units or $750,000 or if requested to

    Download »  
  •  
  • Insurance Election Form - Personal Plan

    Please complete this form if you are a Personal Plan member.

    Download »  

  • Offer Documents

  • Industry Fund PDS

    This Product Disclosure Statement (PDS) and Supplementary PDS explains the main features of the Industry Fund as at 12th December 2007 and 20th August 2008. It contains a copy of the Membership Application Form.

    Download »  


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