• HOSTPLUS
Insurance Updated 30 October 2011

Specific life events

Cover that keeps up with you

To make sure your insurance keeps up with you whenever you take a big step forward – like buying a new home or starting a family, you can take advantage of our Specific life events cover.

How it works

Specific life events cover allows you to:

Increase your unitised cover by one additional unit.  OR Under fixed benefit cover, increase your cover by 25% of your current sum insured up to a maximum of $200,000.

….without the need to complete lengthy paperwork or supply medical information.

Specific life events

To obtain the additional cover under this feature, you must apply within 6 months of:

  • Getting married.
  • The birth or adoption of a child/children.
  • Buying a house (your principle place of residence only).
  • Taking out a mortgage or negotiating an increase to your existing mortgage (your principle place of residence only).
  • Taking out a business loan in excess of $100,000.
  • Increasing an existing business loan, by at least $100,000 (excluding re-draw and refinancing).

How to apply

You will need to provide proof that the event has occurred. If you have Death Only cover, the increase will be for Death Only cover. If you have Death and TPD cover, the increase will apply to both types of cover.

Apply for specific life events cover

You can take up one life event cover increase every 12 months, three increases in total in the lifetime of your membership. If you've been previously declined in your application for insurance by the insurer you will not be eligible.

For detailed information about all our insurance products, please read Section 8: ‘Insurance in your super’ in our Member Guide.

You can also get some tips on making sure your super keeps up with the changes in your life, in our 'Your life, your super' section.

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