All you need to know about Life Insurance for miners
All you need to know about Income Protection for miners
All you need to know about Trauma Insurance for miners
All you need to know about SMSF Life Insurance for miners
The mining, oil and gas industry has many workers who have established their own Self Managed Super Funds (SMSF). Now that it is easier for you as a miner, to get insurance – think about the associated benefits of having this cover owned by your SMSF.
Insurance in your Self Managed Super Fund
Managing your own Self Managed Super Fund (SMSF), you can have your fund own your life insurances.Most insurance companies have the facility to allow your Fund’s Trustee to own the policy. This provides tax deductions to your SMSF.
You still need to complete the standard application forms and medical requirements but this allows you as Trustee to have control over payments at claim time.
Your Occupation is Important
When you call us for a quote, we will ask for detailed information about your occupation. We then talk directly to our panel of underwriters to get the best occupational rating for you – which in turn gives you the most competitive price available in the marketplace.
Long Term Claims
In 2009-2010, 23% of serious claims in the mining industry involved twelve or more weeks off work.*
How would your family survive??
* Source - Safe Work Australia
Did you know?
Mining ranks in the top 3 industries in terms of fatalities, with an average of 7.4 deaths per 100,000 employees in 2008/09. That's more than 3 times the national average (2.3).
Source: "Key Work Health and Safety Statistics, 2010" - Safe Work Australia
Stop the Press!!!
In 2012, 4 of the major insurance companies upgraded their mining, oil and gas occupation ratings.
More occupations are covered and better benefits are available to certain occupations.
Call us today on 1300 528 121 to see if you can take advantage of the changes!