Page 4 - Harrison Manufacturing Salary Continuance Insurance
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WHAT IS TOTAL DISABILITY? HOW LONG ARE BENEFITS PAYABLE?
You will be considered ‘Totally Disabled’ and Payable while you continue to be Totally or
receive the monthly benefit during the payment Partially Disabled or up to the expiry of the
period if, due to injury or sickness, you are: “Benefit Period”, whichever occurs first. The
• unable to perform your own occupation; and Benefit Period under this Plan is to age 65.
• not otherwise gainfully employed; and
• under the regular care, following the advice HOW MUCH IS PAYABLE VIA THE BENEFIT?
of a doctor in relation to the illness or injury 75% of monthly base salary (plus a 9.5%
claimed employer superannuation contribution benefit
for eligible participants) paid after a 90 day
wait to age 65 up to the Automatic Acceptance
WHAT IS PARTIAL DISABILITY? Limit (AAL) of $10,000 per month ($120,000 per
• You will be considered ‘Partially Disabled’ annum).
and receive a proportion of the monthly Note: As this is an employee benefit, increasing
benefit during the payment period if due to your cover beyond the AAL through this group
injury or sickness, you are: policy is not possible. However you can apply
• totally disabled for at least seven days out of to “top up” your cover via an individual policy as
the first 12 consecutive days of the waiting relevant.
period
• disabled for the balance of the waiting IS THERE ANYTHING ELSE THAT WILL
period, and REDUCE THE BENEFIT I RECEIVE?
• continuously disabled since the end of the A benefit payment will be reduced by any
waiting period amounts payable from the following:
• workers compensation
WHEN DO BENEFIT PAYMENTS START? • statutory compensation, pension, social
A ‘Waiting Period’ occurs before payments security or similar schemes
commence. This is the number of consecutive • income benefits from other insurance
days for which an insured member must be policies or superannuation
disabled, before the Total or Partial Disability
Benefit is payable. • sick leave entitlements
The Waiting Period applicable to this policy is
90 days. The waiting period commences on the WHAT HAPPENS IF A RECURRENCE OF THE
date of disablement. During the waiting period, SAME INJURY OR SICKNESS IS SUFFERED?
you are able to utilise sick leave, annual leave or If a disability recurs within six months of the
accrued long service leave. employee going back to work full time, the
disability will be treated as a continuation of the
original disability. No new Waiting Period applies,
a claim can be made as soon as the disability
recurs. The cause must be the same or related
to the cause of the original Disability.
04 | Harrison Manufacturing
