Don't Forget: Superannuation Could Help With Disability Benefits

If you are injured don't forget to check whether you have death or disability cover as part of your superannuation scheme.

Many superannuation policies now include a death or disability benefit. It is one of the few circumstances where it is perfectly OK to "double dip" – you can pursue a claim for compensation or a claim for damages arising out of an accident, and then pursue a disability benefit through your superannuation fund.

It is a right you have already paid for with a premium deducted from your superannuation fund. Any death or disability benefit available through a superannuation policy comes under a policy issued by an insurance company. These benefits could include temporary disability, permanent disability, income protection and trauma.