WESTSCHEME OFFERS ITS MEMBERS:
Click here and read the definitions of these types of insurance cover.
LOWER PREMIUMS:
From 1 July 2010, lower premiums apply to Westscheme's insurance products. See below for the new Death cover, Death & TPD cover and 'Life Events' premiums.
See the insurance section of the Member Handbook/PDS.
NOTE: Westscheme's insurance options do not charge any fees for claims administration.
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 |
NOTE:you may cancel the automatic insurance cover provided to you when you commence employment with your employer. To do so, please read the Member Handbook/PDS.
Members who have not had or do not have an employer contributing to Westscheme on their behalf can apply for insurance cover by completing an application form. Call us first to discuss.
Spouse members and self-employed individuals can apply for insurance by completing an application form (conditions apply).
PREMIUMS
| Cost per unit per week | |
| First unit of Automatic Death Only insurance cover - All Occupations | $1.19 each |
| First unit of Automatic Death and TPD insurance cover - All Occupations | $2.21 each |
Additional units of Death Only insurance cover and units of:
| $1.19 each |
Additional units of Death and TPD insurance cover and units of:
| $2.67 each |
Additional units of Death and TPD insurance cover and units of:
| $1.68 each |
Want additional insurance cover? Download our Member Handbook/Product Disclosure Statement.