You are covered 24 hours per day, 7 days per week as long as all policy terms and conditions are met including:
Cover ceases in the following circumstances:
This depends upon the type and duration of your unpaid leave. Please contact LUCRF Super before you commence any unpaid leave that exceeds three months.
If you have previously lodged a claim for Total & Permanent Disablement, through any previous super fund or insurer, you will be limited to 1 unit of Death Only cover.
Should you wish to obtain any higher cover, you will need to complete a OnePath Personal Statement and any other requirements which will be reviewed by the insurer. The OnePath Personal Statement can be found in Related content.
LUCRF Super will allocate 1 unit of Standard Fixed Premium Death and TPD as the default cover for any member who is under 70 years of age and has joined after 1 April 2006 (exluding Personal Plan and Pension members).
This cover will continue until you decide to request its cancellation in writing, you are in excess of the age limits, your account balance has insufficient funds to cover the cost of insurance premiums or you close your LUCRF Super account.
The default cover will also be allocated where a member fails to complete a Member Insurance Election Form (and the Fund receives a contribution or membership application with no Insurance Election Form).
You can elect to change your default cover on a Member Insurance Election Form from 1 unit of Death & TPD to up to 4 units of Death & TPD or 6 units of Death Only within 90 days of becoming eligible for cover. After 90 days, you will need to apply for increased cover using the Member Insurance Election Form and/or OnePath Personal Statement (see Related content).
In the event of Death or TPD, only your superannuation account balance will be payable. Personal Plan members may apply for insurance by completing a Personal Plan Member Insurance Election Form and a OnePath Personal Statement and be approved in writing for coverage.
Your insurance cover will continue after you cease employment for as long as your account has sufficient funds for the relevant premiums to be deducted and you are within the age limits and policy conditions.
When you close your account your insurance cover ceases.
You have the option to convert your insurance cover to an individual contract with the insurer providing that a written application is received by the insurer within 60 days of closing your account with the Fund.
Your insurance cover continues for as long as the value of your account is sufficient for the relevant premium to be deducted and you are within the age limits and policy conditions.
If you have any further questions or would like more information, please call 1300 130 780 or email email@example.com.