Insurance
Protect your income & prepare for the future
Working in the resource sector can be demanding, with long shifts, remote conditions and fly-in/fly-out work presenting mental and physical challenges. We offer insurance that recognises this and helps protect you and your loved ones if something goes wrong.
Insurance designed for the resource sector
If you’re working in the resource sector, it can be a good idea to access insurance cover available through Resource Super. Here’s why:
Resource sector focus
We understand the specific demands and risks that are part of working in the resource sector and offer cover to protect you and your family.
Competitive premiums
Getting insurance through your super can be cost-effective, and there may be tax savings on your premiums.
Easy access to cover
You may have an automatic level of cover available, that’s based on your age and the work that you perform.
Types of insurance
We offer three types of protection through your super to help you and your loved ones stay protected.
Income Protection
Income Protection
Death Cover
Death Cover
Death cover, sometimes known as life insurance, pays your beneficiary a lump sum if you die. Your beneficiary will usually be your spouse, child(ren) or other dependants. It also pays you a benefit if you’re diagnosed with a terminal illness. Death cover is an important safety net that lets you protect your family if you’re no longer around. It means they’ll be able to cover any outstanding costs and have a better chance of sustaining their current standard of living. Read Your Death Benefit factsheet for more information
Total & Permanent Disability (TPD) Insurance
Total & Permanent Disability (TPD) Insurance
TPD Insurance pays you a lump sum if you suffer an injury or illness that prevents you from ever working again. For resource sector employees, this type of insurance can be essential to help you get on with your life if the worst happens. It’s especially important if you have a mortgage or other ongoing costs.
Income
Protection
Income Protection
Income protection insurance provides a replacement income when you can’t work due to illness or injury. The payment you’ll receive is based on a percentage of your income.
Death
Cover
Death Cover
Total & Permanent
Disability
Total & Permanent Disability (TPD) Insurance
TPD Insurance pays you a lump sum if you suffer an injury or illness that prevents you from ever working again. For resource sector employees, this type of insurance can be essential to help you get on with your life if the worst happens. It’s especially important if you have a mortgage or other ongoing costs.
Get the right cover
Which insurance is right for you?
At Resource Super, we believe that knowledge is key to making sure you and your family have the right level of cover. That’s why we help you demystify insurance, so you know how it works and how you’re protected.
Information
Online Access
Super Guide
Forms
Insurance Opt-In Form
Insurance Transfer Form
Insurance FAQs
Discover the answers to some of the most common questions people ask us about insurance and super in the resource sector. If you can’t find what you’re looking for, please contact us.
When you join Resource Super through your employer, at the commencement of employment, we automatically provide a level of cover when you reach 25 and your super account balance hits $6,000. You can obtain automatic insurance prior to this by opting-in. A Limited Cover period will apply where pre-existing conditions are not covered.
To opt in, download an opt in form and send it to us when you’ve completed it.
Your premiums will be calculated based on factors such as your age, risk factors, the job you perform and the level of cover. However, you’ll often receive a cheaper rate through your super than if you took out a policy yourself.
If you have a self-managed super fund, you can still usually take out insurance through Resource Super. Simply contact us to find out more.