Insurance matching

If you have insurance with another super fund, you can apply to have your existing level of insurance matched by us (subject to eligibility).

Death & TPD or Death Only insurance

Simply follow the steps below to make an application for your current cover to be matched by LUCRF Super.

  1. Complete a Member Insurance Matching Form, and
  2. Attach a copy of your most recent statement detailing the type and level of cover you have with the other fund (if cover has changed since this statement, then provide evidence of the new type and levels of cover), and
  3. If applicable, attach a copy of any special acceptance terms that were agreed upon with your other fund (e.g. any restrictions, exclusions or limitations).

PLEASE NOTE: You can only apply for matching cover under the age of 60.

We'll only match cover up to a value of $1 million. Any amount over this needs to be assessed by our Insurer.
If your application is accepted, your new insurance cover will be subject to our terms and conditions. These may differ from your existing policy (policies), so please take care to read our terms and conditions before you cancel any other policy (policies). We’ll provide you with a sufficient number of Fixed Premium units to ensure that the amount of insurance provided, as a minimum, matches the cover held with your other super fund. 

Income Protection

If you have Income Protection insurance with another super fund, you can apply to have us match the amount of this cover (subject to eligibility) up to a maximum of $6,000 per month.
 
If accepted by us, this cover will replace any existing Income Protection cover you have with us. You can only apply for matching cover if you’re under 60 and you haven’t made, or you’re not entitled to make, a claim in relation to your cover held with the other fund.
 
Follow the steps below to make an application for your current insurance to be matched by us.
1. Complete a Member Income Protection Matching Form
2. Attach a copy of your most recent statement detailing the type and level of cover you have with the other fund.
 
If your cover has changed since this statement was issued, you’ll need to provide evidence of the new type and level of cover. We'll only match cover held with the other fund where it’s not subject to a premium loading. If there are any exclusions attached to the cover, these may continue to apply to your new cover. A maximum benefit period of two years will apply to the matched cover. The maximum amount of cover you can have matched is $1,400 per week, subject to total Income Protection cover being less than $1,600 per week. The waiting period for cover with the other fund must be 90 days or less.
 

Important: Do not cancel your existing insurance arrangements until you’ve received confirmation in writing that we’ve accepted your request. Further terms and conditions apply.

 
Please call us for more information on 1300 130 780.