LGIAsuper allows members to secure additional insurance
It said members were now able to apply for a “life event” increase within 90 days of the life event occurring (previously 60 days) or within 90 days of receiving their annual member statement, subject to the life event occurring in the last 12 months.
The fund would also increase the maximum transfer amount of death and total and permanent disability cover from $1 million to $1.5 million, and from $6,000 to $10,000 per month for income protection cover.
LGIAsuper chief executive, Kate Farrar, said: “The enhanced insurance offerings will not only improve our services but create better member experiences by helping members manage their insurance and protect themselves and their family against the unexpected.
“It’s important that our members understand how much insurance cover they have, and whether it is the right amount for their personal circumstances.
“We are making it easier for our members to obtain more cover without the need for underwriting, which makes our services more convenient.”
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