Superannuation claims can give you access to insurance money from your super
Superannuation claims can provide a financial boost if you’ve been forced to stop working because of illness or injury. Each insurance policy has requirements to claim. Unfortunately the process can be lengthy and too many Australians miss out on their entitlements.
What are the four types of superannuation claims?
Insurance coverage within superannuation is an added feature that offers protection and financial security to Australians and their families in certain situations. To access this insurance you must make superannuation claims.
The four main types of superannuation claims are:
- TPD Insurance – Total Permanent Disability Insurance is a lump sum payout from your super fund in the circumstance you are injured and no longer able to work.
Super Claims Assist can help simplify your claim with a no win, no fee guarantee. - Income Protection – Income Protection pays for a % of your lost wages on a fortnightly or monthly basis for Australians unable to work temporarily due to health issues.
- Life Cover – Life Cover is also known as ‘term life insurance’ or ‘death cover’. In the event of your death, your family or ‘beneficiaries’ will be taken care of.
- Terminal Illness Claims – Paid when you have been diagnosed with a terminal illness such as cancer, severe heart disease or organ failure. Typically requires doctors advice that you have less than 2 years to live.
Why don’t more Australians make superannuation claims?
We know thousands of people with health issues have missed out on their superannuation insurance entitlements.
Most Australians applying for disability pensions have insurance cover under their super
Around 57,000 people were rejected for disability pension last year, because they cannot work, many of these could qualify for TPD.
However, only around 7,000 people a year are paid TPD insurance benefits.
The two main reasons we hear from clients:
- They didn’t know they had the insurance
- It was too hard to claim the insurance so they gave up
What are the rules on superannuation claims?
Superannuation claims require following the rules of your specific super insurance policy. Sometimes time limits can apply so it’s best to check your policy as soon as you can. Your policy may have waiting periods and specific requirements detailed out. It’s possible you have insurance active in multiple super funds.
The Super Claims Assist team knows exactly what to look for in your superannuation insurance policy. Your super policy is a legal document and the requirements can be confusing or unclear. Getting help saves you hassles in identifying what must be done to successfully claim.
Do I have to travel to a capital city to make a superannuation claim?
Superannuation Claims in Australia don’t have to involve travel. You can successfully claim your superannuation insurance money from home wherever you are in Australia
Our team understands that making a trip to an office for help with your claim is a major hassle. Many of our clients are dealing with financial hardship after being forced out of work.
Super Claims Assist team can help you through the process entirely by phone. We manage the process for you so nothing gets missed while you can stay safe at home.
Can you help with claiming superannuation insurance?
Claiming superannuation insurance for TPD and Income Protection insurance can be a major boost to your financial situation when you can’t work anymore.
Almost all who’ve worked in Australia earned TPD insurance as part of their superannuation policy while working but too many don’t know that it’s there waiting.
I’ve moved from the state where I used to work.
Can I still claim my superannuation?
Yes, you can claim superannuation in Australia no matter where you currently live. It also doesn’t matter where in Australia you earned the insurance while you worked.
Super Claims Assist helps people in Queensland, New South Wales, Victoria, Tasmania, South Australia, the Northern Territory and Western Australia find and claim their superannuation insurance payouts.
I lost my superannuation policy, can you help?
I don’t have a copy of my old super policy. What can I do?
Yes! If you’ve lost your superannuation policy, we can help! On a short phone call, we can explain the process of requesting a copy of your super policy in Australia and accessing your super account. We may be able to request a copy of your superannuation on your behalf and the Super Claims Assist team helps people with these requests every week.
Do the rules for superannuation claims in Australia vary by state?
Superannuation insurance policies don’t vary much by state in Australia. Policies do vary based on the insurance company and industry. The insurance was paid for when your employer contributed to your super as part of your pay. The particulars of your policy are important to success and outline your eligibility to make a successful superannuation claim.