Death and TPD Cover Insurance Rates

To calculate the sum insured that you are eligible for, follow the formula 15% x salary x years to age 65. This will calculate the sum insured and you can see the premium for the sum insured in the table below.

In the event of your death or total and permanent disablement you will recieve the sum insured plus your super fund account balance.

For example, an employee who is 30 years old has an existing super fund account balance of $20,000 and is earning $35,000 a year would be eligible for:

15% x 30,000 x 35 years to age 65 = $157,500 of Death and TPD cover.

The premium he will pay using the premium from the table below will be calculated using the formula:

Eligible Death and TPD cover / $100,000 = calculable rate

Death & TPD Premium per $100,000 x calculable rate = premium for eligible Death and TPD cover per month

So:

$157,500 / $100,000 = 1.57

8.20 * 1.57 = $12.87 per month premium for Death and TPD cover

Age Next BirthdayDeath & TPD Premium per $100,000
1710.02
1810.02
1910.02
2010.02
219.27
229.14
238.80
248.11
257.91
267.94
277.92
287.97
298.01
308.20
318.09
328.33
338.83
349.16
359.61
3610.22
3710.87
3811.64
3912.50
4013.50
4114.58
4215.81
4317.18
4418.67
4520.75
4623.04
4725.53
4828.28
4932.24
5036.68
5142.01
5247.52
5352.91
5458.61
5564.79
5675.20
5784.68
5896.04
59108.84
60123.73
61141.34
62161.55
63184.91
64211.90
65246.29
 



Important note

The information contained on this webpage has been given in good faith and has been derived from laws current at this date and our interpretation of them. Any taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice. This document is to be used as general information only and should not be considered a comprehensive statement on any matter and should not be relied upon as such. This document has been prepared without taking into account any individual objectives, financial situation or needs. Before acting on this information you should consider the appropriateness having regard to your own objectives, financial situation and needs.

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This information may not be used or reproduced without the prior consent of Capital Managers.