Automatic insurance

VISSF has a group policy offering members insured death and disablement benefits.  Your insurance covers you 24 hours a day 7 days a week.

How are my Benefits calculated? The amount of your insured benefits is calculated according to a formula dependent upon your age and/or salary. Each employer, in agreement with the Trustee, determines the formula to be provided to employees at their school.

You will automatically receive insurance cover if:

• You join the Fund when you first commence employment with an employer participating in the Fund; and
• You were at work and capable of performing your usual duties on the date you commenced employment.

  
  Please note Permanent part-time employees working fewer than 15 hours per week and casual employees are not eligible for disablement insurance.

• Casual employees may elect to receive one unit of insured death cover if they make the election within 30 days of becoming eligible to join the Fund.

If you cease employment, any insured Death and Total and Permanent Disablement Benefits (TPD) insurance cover you have will automatically continue when your Member Account is transferred to the Retained Benefits Section of the Fund even if you no longer have an employer making contributions into VISSF on your behalf.

If you have an insured disablement income benefit and continue to work for more than 15 hours per week, this cover can also continue in the Retained Benefits Section of the Fund. To continue this cover you must elect to do so in writing and complete a short Statement of Health within 30 days from the date of the letter you receive advising you that your benefit has been transferred to the Retained Benefits Section.

You may stop your insurance cover at any time by advising the Fund in writing that you wish to do so. The insurance cover will stop on the day your advice is received.

We recommend you contact your VISSF Fund office for more information about the insured benefits offered to members.