Originally Posted by
tdracer
Maybe you just need to look beyond price when selecting your insurance?
Problem is, there is no choice in "purchasing" this insurance product! What is the premium? Not disclosed if far as I can see.
Standard Insurance Cover / Standard Insurance Benefit As a member of Divisions 1, 2 or 3, you are automatically covered 24 hours a day, seven days a week for death, disablement and Terminal Illness until your Superannuation Date. This automatic cover is known as Standard Insurance Cover. Standard Insurance Cover is part of a package of benefits for members, so you are not able to decline, change or cancel the cover.
page 23
https://www.qantassuper.com.au/wp-co...supplement.pdf
But page 13 states
Minimum investment amount. The minimum investment amount required to invest in the Term Deposit option is $5,000 (each time you wish to invest in this option). You’ll also need to leave a minimum of $5,000 in your MIC option. This is required for any regular deductions from your account e.g. for fees and insurance premiums
Intriguing...
For anyone wanting to poke around the historical documents, copies are conveniently available back to 2003:
ARCHIVED Qantas Superannuation pages, might be of some help or interest.