ACSRF brings changes to insurance products
The Australian Catholic Superannuation and Retirement Fund (ACSRF) has introduced changes to its insurance offering for members to provide greater benefits and flexibility without increasing premiums.
ACSRF chief executive Greg Cantor said: “Australia is one of the most underinsured countries in the developed world. We hope these changes will have a positive effect in helping to reduce the size of this problem.”
The dollar value for each unit of death and total and permanent disablement cover has now increased between 8 and 28 per cent, depending on age, with the cost per unit remaining the same. Members are able to choose either age-based unitised or fixed rate cover, which has also been extended from age 65 to 70.
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