Insurance rates tables
Please find below the insurance rates tables effective 14 October 2020. These can also be found in the Insurance Guide.
How much are you covered under the Default Cover?
Default Cover is made up of Death and TPD insurance cover under an age-based cover scale.
An age-based cover scale is where the amount of Death and TPD insurance cover depends on your age, and changes as you get older.
To find out the amount of Default Cover that applies for your age group, refer to the below Age-based cover scale table.
Premium rates - Death and Death & TPD
Please note
- Annual premium per $1,000 sum insured, White Collar occupation category
- Occupation rating factor is to be applied to the applicable rate of premium. For example, if your occupation category is Light Manual you need to multiply the rate of premium for Death & TPD set out below by 140% or 1.4
- If your Death and TPD cover amounts differ, your TPD premium rate can be obtained by subtracting the Death only rate from the Death and TPD rate set out below.
Premium rates - Death and Death & TPD Fixed Cover (males)
Please note
- Annual premium per $1,000 sum insured, White Collar occupation category
- Occupation rating factor is to be applied to the applicable rate of premium. For example, if your occupation category is Light Manual you need to multiply the rate of premium for Death & TPD set out below by 140% or 1.4
- If your Death and TPD cover amounts differ, your TPD premium rate can be obtained by subtracting the Death only rate from the Death and TPD rate set out below.
Premium rates - Death and Death & TPD Fixed Cover (females)
Please note
- Annual premium per $1,000 sum insured, White Collar occupation category
- Occupation rating factor is to be applied to the applicable rate of premium. For example, if your occupation category is Light Manual you need to multiply the rate of premium for Death & TPD set out below by 140% or 1.4
- If your Death and TPD cover amounts differ, your TPD premium rate can be obtained by subtracting the Death only rate from the Death and TPD rate set out below
Premium rates - Income Protection non-smoker (males)
Please note
- Annual premium per $1,000 sum insured, White Collar occupation category
- Occupation rating factor is to be applied to the applicable rate of premium. For example, if your occupation category is Light Manual you need to multiply the rate of premium by 150% or 1.5
Premium rates - Income Protection smoker (males)
Please note
- Annual premium per $1,000 sum insured, White Collar occupation category
- Occupation rating factor is to be applied to the applicable rate of premium. For example, if your occupation category is Light Manual you need to multiply the rate of premium by 150% or 1.5
Premium rates - Income Protection non-smoker (females)
Please note
- Annual premium per $1,000 sum insured, White Collar occupation category
- Occupation rating factor is to be applied to the applicable rate of premium. For example, if your occupation category is Light Manual you need to multiply the rate of premium by 150% or 1.5
Premium rates - Income Protection smoker (females)
Please note
- Annual premium per $1,000 sum insured, White Collar occupation category
- Occupation rating factor is to be applied to the applicable rate of premium. For example, if your occupation category is Light Manual you need to multiply the rate of premium by 150% or 1.5
