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Salary Continuance Insurance
Salary Continuance Insurance (SCI) is also known as income protection insurance, as it prevents the total loss of income, in the event you are unable to work due to illness or injury. This type of insurance can provide valuable financial assistance and peace of mind for you and your family during a time of potential uncertainty.
If eligible, you can choose from four levels of SCI cover:
| Description | Level of Cover | Benefit Payable | Waiting Period |
|---|---|---|---|
| 1. Basic Cover | 50% x pre-disablement salary | Up to 2 years | 90 days |
| 2. Standard Cover | 75% x pre-disablement salary | Up to 2 years | 60 days |
| 3. Top Cover | 75% x pre-disablement salary | Up to 2 years | 30 days |
| 4. Top Cover Plus | 75% x pre-disablement salary | To age 65* | 30 days |
*Indexed after the first 2 years by the lesser of 5% or the Consumer Price Index
Who is eligible for salary continuance insurance?
Your employment status and salary determines your eligibility and whether you will automatically be covered for SCI.
For further information about eligibility and Salary Continuance Insurance, please read the Super Solutions Product Disclosure Statement (Issued 1 December 2007, Version 2.0).
