Putting Members’ Interests First

No Insurance cover for accounts under $6,000 or if you’re under 25 years of age

The Government has recently passed new legislation to ensure that superannuation members with low account balances are not paying premiums for insurance cover that may erode their retirement savings. In accordance with this new legislation, we will be required to automatically cancel your insurance cover on 1 April 2020, if your account balance is less than $6,000.

From 1 April 2020, any new Christian Super members joining OR waiting for their default insurance cover to commence won’t receive default cover until they’re 25 years of age AND have a minimum balance of $6,000.

For existing members with insurance

We will be turning off your insurance on your account on 1 April 2020 if your account balance is less than $6,000. If we  do not hear from you before 1 April 2020 and your account balance is below $6,000 (on this date), your insurance cover will be cancelled effective 1 April 2020.

If your account balance reaches $6,000 between 1 November 2019 and 31 March 2020, your insurance cover will not be cancelled.

To check your current insurance cover, please login to MemberAccess or contact our Member Care Team on 1300 360 907.

What if I want to keep my insurance cover?

If you wish to maintain your insurance cover in this account, you need to:

or

  • Login to MemberAccess and select to retain your insurance cover via the ‘Update personal details’ section before 1 April 2020;

or

What if I do not want to keep my insurance cover?

If you do not wish to maintain your insurance cover and your account balance remains below $6,000, you do not need to take any further action. Your insurance cover will be cancelled on 1 April 2020. If you would like to ensure your insurance is cancelled or you want to cancel this cover before 1 April 2020, please contact our Member Care Team on 1300 360 907 or email us at insurance@christiansuper.com.au

For new members:

You won’t receive default cover until you’re 25 years of age AND have a minimum balance of $6,000.

What if I want to opt in to obtain insurance cover?

If you wish to opt in for insurance cover on this account, you need to:

or

  • Login to MemberAccess and select to retain your insurance cover via the ‘Update personal details’ section before 1 April 2020;

Need help?

Our Member Care Team is here to help you.
Phone: 1300 360 907, 9:00am – 6:00pm (AEDT) Monday to Friday
Email: members@christiansuper.com.au

If you are unsure about whether or not you should keep your insurance cover, we encourage you to use our Christian Super Equip advice tool, available through your online account. Alternatively  you can call our Member Care Team to book an appointment with an adviser to get a better understanding of your insurance needs.

For further information about ‘Cancellation of Insurance Accounts’, you can visit ASIC’s MoneySmart website www.moneysmart.gov.au