Peace of mind with FairVine Super insurance

Through FairVine, members can rest easy in the knowledge that they have exceptional life and disablement insurance provided by Hannover Re.

It’s very easy to see the value you’d get for your money, just try the calculator on this page.

Default Cover

We offer our eligible members a generous default cover without any underwriting.

Default cover

The amount of cover and insurance premiums differs at every age. You will receive default Life and TPD cover when you join FairVine without any underwriting.

We have not included Income Protection as part of our default cover, as some people prefer not to have it. But you can apply for Income Protection by answering a short questionnaire on our member portal.

Who is eligible?

You are eligible for default cover if you satisfy all of the following requirements:

You have sufficient funds in your account to pay for your monthly premiums.

You are currently residing in Australia and a)You are a Citizen or Permanent resident of Australia or New Zealand; or b) You hold a valid Australian work visa.

You have never claimed (or would be able to claim) a TPD or terminal illness benefit from any source.

You are not performing an occupation excluded from cover by Hannover Re, as detailed in the Insurance Guide.

Insurance options with FairVine Super

Life Insurance

Life Insurance provides a lump sum benefit if you die or are diagnosed with a Terminal Illness.

TPD Insurance

TPD (Total and Permanent Disablement) Insurance provides a lump sum benefit if you die, suffer a total and permanent disablement or are diagnosed with a Terminal Illness.

Income Protection

Income Protection Insurance pays a set percentage of your monthly income for a selected term in the event you are unable to perform your usual occupation as a result of illness or injury.

FAQ

What cover am I entitled to when I join FairVine Super?

If you are an eligible member, you are entitled to our default cover when you opt-in. You can also apply for a voluntary fixed cover or transfer any existing covers over to FairVine.


Can I transfer my existing cover to FairVine?

You can transfer your existing insurance cover over to FairVine but you will need to be approved by our Insurer, Hannover Re.

Please email us on hello@fairvine.com.au or call us on 8322 8199 if you would like further information on transferring your cover.

Who is eligible for default cover?

You are eligible for default cover if you satisfy all of the following requirements:

You have sufficient funds in your FairVine account to pay for your monthly premiums;

You are currently residing in Australia and a) You are a citizen or permanent resident of Australia or New Zealand; or b) You hold a valid Australian work visa;

You have never claimed (or would be able to claim) a TPD or terminal illness benefit from any source; and

You are not performing an occupation excluded from cover by Hannover Re, as detailed in the Insurance Guide

Calculate your default cover with FairVine

What is your annual pre-tax salary (not including super)?

Do you work in office admin/management or school teaching?

Do you have a university degree related to your occupation?

Do you work in a sedentary capacity in an office environment for at least 80% of the time you perform your occupation?

Making changes to your cover

Changing your cover

If you would like to increase or decrease your cover or apply for Income Protection, you can do so on your member portal all online. No lengthy forms.

If you have trouble changing your cover, email us or call us on (02) 8322 8199 at any time.

Cancelling your cover

You can cancel your cover at a click of a button on your member portal. From the day you cancel, insurance premiums will no longer be deducted.

If you decide to recommence your cover, you will have to apply for a Fixed Cover and answer a questionnaire.

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New legislation from 1 April 2020

Are you aware of the new legislation that was recently introduced?

New legislation called ‘Putting Member’s Interest First’ (PMIF) will be in place from 1st April 2020 to ensure super fund members aren’t paying for insurance cover they may not need or want. Insurance premiums can also erode super balances and this new legislation aims to prevent this.

Members who are under 25 and have a balance less than $6,000 must opt-in to receive default cover.