Protecting you today with more affordable income protection

Good news. As part of our refreshed commitment to our members, on 1 April 2018 we dropped our income protection (IP) premiums by between 5.9% and 6.4%. This means, if you have IP with us, more money will be working towards your retirement. 

Below is a table with the new premium rates, which also includes the old rates so you can easily see the changes.

What is my new premium? 

The easiest way to check is to login to your member account and look at your insurance summary. Here you’ll find your new annual premium. If you want more information about your premiums, no problem, just give us a call and we’d be happy to help.

More about our insurance 

Our insurance is designed for people like you: people working in mining, and supporting industries, who often find it hard to obtain adequate and reasonably priced insurance, due to the nature of their jobs. With Mine, you can be covered for income, disability and life insurance.

For more information read the Product Disclosure Statement (PDS) and Insurance Guide.

Questions? 

Did you know you can get advice about the insurance on your account from Mine Super Financial Advice, starting from just $220. An adviser can also help you manage significant life changes such as redundancy, inheritance or retirement planning, and assist with risk protection and investment strategies. We can also help you stay up to date with the latest legislative changes and tell you what they’ll mean for you. 

To book a meeting with an adviser call us on 13 64 63.

Income Protection premium rates

Monthly income protection premiums per $1,000 of cover

AgeMaleFemale 
 Before 1 AprilFrom 1 AprilBefore 1 AprilFrom 1 April
15-23 0.157 0.147 0.209 0.196
24-28 0.157 0.147 0.222 0.208
29 0.170 0.16 0.248 0.233
30-31 0.183 0.172 0.257 0.241
32 0.187 0.176 0.257 0.241
33 0.209 0.196 0.296 0.278
34 0.222 0.208 0.300 0.282
35 0.230 0.216 0.326 0.306
36 0.257 0.241 0.357 0.335
37 0.257 0.241 0.361 0.339
38 0.283 0.266 0.396 0.372
39 0.296 0.278 0.413 0.388
40 0.326 0.306 0.457 0.429
41 0.344 0.323 0.478 0.449
42 0.361 0.339 0.509 0.478
43 0.391 0.367 0.548 0.515
44 0.409 0.384 0.561 0.527
45 0.430 0.404 0.609 0.572
46 0.470 0.441 0.657 0.617
47 0.509 0.478 0.709 0.666
48 0.544 0.511 0.757 0.711
49 0.591 0.555 0.835 0.784
50 0.648 0.608 0.909 0.854
51 0.704 0.661 0.978 0.918
52 0.757 0.711 1.061 0.996
53 0.835 0.784 1.161 1.09
54 0.904 0.849 1.261 1.184
55 0.974 0.915 1.361 1.278
56 1.061 0.996 1.491 1.4
57 1.161 1.09 1.626 1.527
58 1.283 1.205 1.796 1.686
59 1.413 1.327 1.974 1.854
60 1.561 1.466 2.183 2.05
61 1.700 1.596 2.383 2.238
62 1.765 1.657 2.474 2.323
63 1.374 1.29 1.926 1.809
64-69 0.613 0.576 0.861 0.808
70 n/a n/a n/a n/a