Adjusting your level of insurance cover with life’s big events is simple with QIEC Super. Whether it’s getting married, having a child, buying a home, or just reaching certain milestone birthdays, you can quickly access an extra unit of Death and Total and Permanent Disablement (TPD) cover without the need to provide evidence of health.1
This option is available for the following key life events:
- Birth or adoption of a child
- New mortgage
- Death of your spouse
- First becoming eligible for a Department of Human Services carer’s allowance
- Reaching a milestone birthday of 30, 40 or 50
- Your child’s first day at primary or secondary school.
In addition to the above key life events, QIEC Super also offers a loyalty bonus of an additional unit of Death and TPD insurance cover to reward members who have been a member of the Fund for 10 continuous years.
To apply for the additional unit, simply complete the Key Life Events Form within 120 days of your 10 year anniversary with the Fund. The Rewarding Loyalty option can only be taken up once throughout the term of your cover, and you must not have taken advantage of the extra cover available at key life events in the last 12 months.
How do I take up this option?
Simply apply for the cover by completing the Key Life Events Form within 120 days of the event occurring and provide evidence of the event occurring.
The key life events option can only be taken up once in any 12 month period by an insured member. For example, if you apply for an additional unit after getting married, you would not be eligible to apply for any other event (such as a new mortgage) within the same 12 month period.
What evidence do I need to provide?
The evidence required for each of the events is outlined in the table below.
|Marriage||Certified copy of a Marriage Certifcate
| Birth or adoption of a child
||Certified copy of a Birth Certificate/adoption documentation
| New mortgage
||Stamped front page of the ‘contract of sale’, or a letter on bank letterhead detailing the loan arrangement|
|Divorce||Certified copy of the Decree Nisi|
| Death of a spouse
||Certified copy of Death Certificate|
| First becoming eligbile for a Department of Human Services carer's allowance
||Advice from the Department of Human Services (DHS) on DHS letterhead.|
| Reaching a milestone birthday of 30, 40 or 50
||Certified copy of Birth Certificate, Driver’s Licence or Passport.|
| Your child's first day at primary or secordary school
||Certified copy of enrolment documentation|
| Loyalty bonus
||No additional evidence is required|
How much does this cost?
The additional unit of insurance is provided at the same fee rate as any existing Death and TPD insurance cover you already hold. The fee payable will be recalculated to reflect the increase in cover. Any cover provided under this option is subject to the same exclusions and fee loadings that may already apply.
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1 You cannot exercise this option if CommInsure has previously declined an application to increase your cover under this policy.