When you are enrolled in the Perron Group of Companies Superannuation Plan, you become eligible for insurances based on your employment category.

You must be enrolled in the Perron Group of Companies Superannuation Plan within 130 days of commencing employment to be eligible for automatic acceptance of insurances.

The following employment categories recieve the following insurances

Employment StatusInsurancesHow Much?
Casual and Part Time Co-workers working less than 15 hours per weekDeath cover onlyBased on a premium of $2 per week
(see our Death Cover Only Insurance Rates to check how much death cover you are eligible for)
Full Time and Part Time Co-workers working more than 15 hours per weekDeath and Total & Permanent
Disablement Cover
(15% x salary x years to age 65) + super fund account balance.  
The cost of the cover is based on your sum insured. See our Death and Total & Permanent Disablement Cover rates page for the premium rates.

If you have any queries regarding your insurances please contact our office.

How is the premium for the insurances paid?

The premium is deducted from your account balance of your superannuation fund on a monthly basis.

What do the insurances cover?

Death Cover

In the event of your death, the death sum insured is designed to be paid to your beneficiary as per your beneficiary nomination form. This is an important issue and you should refer to the guidelines on the Death Benefit Nomination Form. If you have any enquiries please contact Capital Managers

Total and Permanent Disablement Cover

In the event that you suffer an injury or illness that leaves you totally and permanently disabled, the lump sum amount that you are insured for is paid to you less any tax that may be applicable.

Like to know more?

If you would like to know more about your existing insurance or how you can get extra cover, please contact Capital Managers.

Important Note

Please note that in some circumstances the payment of an insurance benefit through superannuation may attract tax. If you have any questions please contact us at Capital Managers.