Page 13 - Axicom Salary Continuance Insurance - Staff Insurance

Policy features

Benefit/Feature Benefit description

Death Cover If an insured member dies, we will pay you a lump sum benefit.

If an insured member is diagnosed with an illness which is likely to lead to their death
Terminal Illness Cover
within 12 months, we will pay you a lump sun benefit.

If the insured member becomes TPD and meets the conditions of the applicable TPD
TPD Cover
definition, we will pay you a lump sum benefit.

Cover is provided worldwide, although some restrictions apply if the insured member
Worldwide cover
is not an Australian resident and is working overseas (see below).

Cover during paid and We provide cover for a maximum period of up to 24 months if the insured member is
unpaid leave on paid or unpaid leave.

We automatically cover Australian residents working overseas for their participating
Cover while working employer for any length of time. Insured members who are not Australian residents
outside Australia
are covered for up to three years while working overseas.

We will provide cover for up to a maximum of 60 days if an insured member ceases to
Extended Cover
satisfy the eligibility criteria.

If an insured member’s Death Cover ends because they are no longer gainfully work-
Death Cover ing, they may be able to apply to us for an individual policy providing Death Cover
Continuation Option
without medical underwriting.

While we consider a person’s application to become an insured member, we will pro-
vide cover for death and TPD that occurs as a result of an accident for up to 90 days.
Interim Accident Cover
Interim Accident Cover does not apply to applications for Life Events Cover or trans-
ferred cover.

A discount will apply if the premium is paid annually in advance and within 30 days of
Discounts the due date or if you purchase OnePath Life’s Group Salary Continuance Insurance
simultaneously with Group Life Insurance.

Your policy will continue each year upon payment of the premium, regardless
Guaranteed continuing of changes to the number of insured members or changes to their health or
cover
circumstances.

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