Bendigo and Adelaide Bank Staff Superannuation Plan

Automatic and top up insurance for employer sponsored members

This calculator is designed to provide you with a better understanding of the premiums attached to the default insurance that is provided to members of the Bendigo and Adelaide Bank Staff Superannuation Plan (Plan).

All permanent employees of Bendigo and Adelaide Bank automatically receive income protection and death and total & permanent disablement (TPD) insurance if they join the Plan when they are first employed. No health assessment* is required provided you join the Plan within 60 days of starting work.

Premiums for this default insurance are deducted from your super account on a monthly basis. These premiums will be reimbursed by the employer sponsor if you are a contributory member*.

The results generated by this calculator are indicative only and are based on a series of assumptions. The assumptions are available from a button at the top right.

*Please see the Product Disclosure Statement for full details of the terms and conditions that apply to your super account, details of your default insurance cover, circumstances where a health assessment may be required and how much you must contribute to your super to be considered a contributory member.

Enter details


Date of birth (dd/mm/yyyy)

Gross salary $ per  

State you live in

Automatic standard cover for a permanent employee

The following cover is provided and premiums are deducted from your super account upon commencement of employment.

Insurance benefits and costs Benefit Cost

Death & TPD{{DeathTPD.defaultCover | currency}} {{DeathTPD.defaultCost | currency}} pa

Income protection* pm (2 year benefit, 60 day wait) {{IncomeProtection.coverPerMonth | currency}} {{IncomeProtection.costWStamp | currency}} pa

{{totalCost | currency}} pa

*You must be working at least 15 hours per week to be eligible for income protection insurance

Death and TPD Top up cover

Top up cover amount $

Occupation category

per annum

Top up cover amount {{DeathTPD.topUpCoverNum | currencyInt}} {{DeathTPD.topUpCost | currency}}

Standard cover amount {{DeathTPD.defaultCover | currencyInt}} {{DeathTPD.defaultCost | currency}}

Total cover amount {{ (DeathTPD.topUpCoverNum * 1.0) + (DeathTPD.defaultCover * 1.0) | currencyInt}} {{ (DeathTPD.topUpCost * 1.0) + (DeathTPD.defaultCost * 1.0) | currency}}

Next steps

Discuss your results with your licensed financial adviser or contact Client Services on 1800 787 372 today and start planning for a super future.

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