Of course, no one expects to be struck down by illness or injury, but unfortunately these things do happen. That’s why it pays to be insured – it’s easier than you may think.

Through VicSuper, you can take up income protection cover which provides you with replacement income if you’re unable to work due to illness or injury. When you apply for income protection, you can elect cover of up to 75% of your annual income plus 9% Superannuation Guarantee contributions. The maximum you can receive per month is $20,000, and all cover ceases at age 65.

You can also choose between 30, 60 or 90 day waiting periods, and elect to receive benefit payments for two years or up to age 65 in the event of an accepted claim by the Insurer.

Best of all, the premiums are deducted directly from your VicSuper account, so your take home pay isn’t affected. This means that there’s no need to worry about arranging regular payments, or saving to pay an up-front premium.

Find out more about insurance through VicSuper by visiting vicsuper.com.au/insurance. You can also calculate your premium for different levels of cover using VicSuper’s online calculators at vicsuper.com.au/calculators

Note that all insurance through VicSuper is subject to waiting periods and the insurer’s approval on completion of the relevant forms.