• HOSTPLUS
Insurance Updated 30 October 2011

Salary Continuance

Accidents happen

No one likes to think about being sick or injured. But unexpected events can happen to anyone, anytime. 

And if you’re dealing with that sort of crisis, the last thing you need to be worrying about is how you’re going to pay the bills. 

Salary continuance insurance cover could help you out with your living expenses when you’re unable to earn an income.

How it works

Salary continuance insurance cover provides you with regular monthly payments if you’re temporarily and totally unable to work because of illness or injury. For full details, including a detailed definition, please read Section 8: 'Insurance in your super' in our Member Guide.

You’re in control

  • Choose a benefit period - which is the length of time you’ll receive your benefit for - of up to two years or up to age 65.
  • You can apply for cover of up to 90% of your monthly pre-disability salary - 75% is paid to you and 15% into your account with HOSTPLUS , so your super doesn’t fall behind while you’re unable to work.
  • Choose a waiting period of either 30, 60 or 90 days.

View Salary continuance insurance cover details and costs

Transferring cover

You may transfer salary continuance cover from any other fund (other than a self-managed super fund) to HOSTPLUS provided that the combined level of cover upon transfer is limited to either less than the number of units to cover 90% of salary (of which a maximum of 75% is paid to you and the balance paid to your HOSTPLUS account) and up to a maximum cover of $6,000 per month. Conditions may apply and subject to the insurer’s approval. Complete this form to transfer cover.

How to apply for Salary continuance cover

Apply online now or complete the Increase your insurance application form Part A and Part B (if applicable).

 

 

For detailed information about all our insurance products, please read Section 8: 'Insurance in your super' in our Member Guide. You can also view a list of excluded occupations for Salary Continuance insurance here.

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