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What is the Super Payment Method?

See all Life insurance FAQs

Last updated 15 October 2015

The Super Payment Method allows you to pay your Total Care Plan Super premiums* via a partial rollover from your super fund, instead of having to find the additional money from your budget. It’s an easy way to pay your premium and can help to reduce the burden on your cash flow. And there’s no messy paperwork to complete each year.

What’s even better is, if you choose this payment method you may qualify for a renewal reward of up to 15% which reduces the next year’s premium.

Also, if you take out a new Total Care Plan Super policy on stepped premiums and choose to pay by the Super Payment Method a 10% discount will apply to the Life and TPD Cover premiums as long as you continue to pay this way. 

To find out more, talk to your Financial Adviser. If you don’t have an Adviser, a Commonwealth Financial Planner may be able to help you. To arrange a no-obligation consultation, call us on 1800 241 996.

* For policies which started on or after April 2003.

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