What you need to know
Life and total and permanent disability (TPD) insurance pays a benefit to you or your designated beneficiaries in the event of your death or if you become permanently disabled or terminally ill.
Basic coverage
If you are participating in the company sponsored Aon Superannuation Plan (smartMonday), an insured benefit calculated as the maximum of:
- 20% x your annual salary x future service (years and completed months) to age 65
- Minimum insurance cover applicable for your age as specified in the plan document
Refer to the smartMonday PRIME (Aon Master Trust) Insurance Guide for more information.