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Start up bonus cover

The start up bonus is a limited opportunity for eligible new employer-sponsored members to apply without providing the extra information ordinarily required if you were applying for additional cover.

The application for start up bonus must be received by us within 180 days of us receiving your first SG contribution made by your First State Super participating employer.

You can apply by downloading the Start up bonus cover for new employer sponsored members (FSS 042) form. 

Start up bonus cover will commence at the time it is accepted by the insurer. While your application is being assessed, you will be eligible for death or disability by accident cover (as applicable). Please refer to the Member Booklet (Product Disclosure Statement) Employer Sponsored Members for conditions.

Start up bonus – death and total and permanent disablement

If you are eligible to apply for start up bonus cover, you can now apply for up to 3 bonus units, and at the same time you can also apply for additional cover (above the 3 automatic and 3 bonus units) as long as your total cover does not exceed 10 times `salary’ or $1,000,000, whichever is less.

You can apply for the start‐up bonus units if:

• you have automatic cover and you have not previously reduced it, and
• we receive your first SG contribution made by your participating First State Super employer within 6 months after you started work with that employer, and
• at the time of application, you are employed and, in the insurer’s opinion, capable of performing your identifiable work duties without restriction by illness or injury for at least 15 hours per week (whether or not you are actually working those hours).

Other conditions apply so please refer to the Member Booklet (Product Disclosure Statements) Employer Sponsored Members.

Start up bonus cover applications are subject to acceptance by the insurer.

Start up bonus cover – income protection

This bonus is for income protection cover up to the maximum levels shown in the table below:

* If applied for and accepted 

Income Protection

You may be eligible to apply if:

• you join First State Super within six months of commencing employment with a First State Super participating employer, and
• you are gainfully employed for least 15 hours per week, and
• you are older than age 15 and not attained age 65; and
• you are an Australian Resident (an Australian citizen or a person who is the holder of an Australian permanent visa within the meaning of Section 30 of the Migration Act 1958 or resides in Australia on a 457 working visa).

Start up bonus cover applications are subject to acceptance by the insurer.

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