INSURANCE - DEATH AND TPD

Westscheme offers its members

  • Death Only insurance cover
  • Death and TPD insurance cover 
  • Mortgage Based Insurance Cover

Click here and read the definitions of these types of insurance cover.

To see the insurance section of the Member Handbook/PDS click here.

Automatic Insurance Cover

You will only receive Automatic Insurance cover if your employer pays a contribution into Westscheme for you.  Conditions are as follows:

Up to age 60 One unit of Automatic Death and TPD insurance cover
Age 60 to 69 One unit of Automatic Death Only insurance cover
Age 70 and over No insurance cover

Public Offer members and Spouse members can apply for insurance by completing an application form (conditions apply).

Premiums

Cost per unit per week
Automatic Death Only insurance cover All Occupations
 $1.29 each (includes 8 cents claims administration fee [CAF] )*
Automatic Death and TPD insurance cover All Occupations $2.50 each (includes 9 cents CAF)*
Additional Death Only insurance cover All Occupations
 $1.23 each (includes 2 cents CAF)*
Additional Death and TPD insurance cover Manual Work Occupations $2.94 each (includes 3 cents CAF)*
Additional Death and TPD insurance cover Non Manual Work Occupations $1.85 each (includes 2 cents CAF)*
Mortgage Based Additional Death Only insurance cover All Occupations
 $1.23 each (includes 2 cents CAF)*
Mortgage based Additional Death and TPD insurance cover Manual Work Occupations $2.94 each (includes 3 cents CAF)*
Mortgage based Additional Death and TPD insurance cover Non Manual Work Occupations $1.85 each(includes 2 cents CAF)*

* For more information on the Claims Administration Fee please refer to the Westscheme PDS.

Want additional insurance cover? Download our Member Handbook/Product Disclosure Statement.