All premiums payable for Death only, Death and TPD and Income Protection cover are deducted directly from your Media Super account.

Your premium amount will depend on the type of cover you have and how your premiums are calculated, as well as any extra exclusions or medical loadings placed on you by the Insurer.

Death and TPD

Factors that may influence your premiums for Death and TPD cover differ according to whether your cover is Unit-based, Fixed-dollar or calculated based on a formula.

Unit-based cover takes into account the number of units you hold and your age next birthday.

Fixed-dollar and Formula-based cover takes into account the amount you are insured for and your age next birthday.

Check your statement to find out how your Death only or Death and TPD cover is calculated.

Income Protection

Income Protection cover is Unit-based and the premiums for default cover are based on your age next birthday and relevant waiting period.

If you select cover with a benefit period to age 65 the premiums are based on your age, gender, the relevant waiting period and your applicable occupational factor.


To learn more about how insurance premiums are calculated and that rates apply, please read the Insurance Guide.