Gerard Noonan, chairman of Media Super says the appointment of ING to provide insurance cover for death and total and permanent disability, as well as income protection, will benefit members.

He says, “All members will be provided with uniform and higher death and total and permanent disability cover at lower cost. All members with existing income protection cover will have their insurance premiums reduced significantly.”

Noonan continues, “Members who do not currently have income protection cover may obtain cover without evidence of health. There will be a simple, pre-existing condition exclusion for such members.”

The improved benefits will be introduced effective 1 November 2009, once all administration system amendments have been finalised and explanatory material has been issued to all members.

Media Super, an industry super fund with funds under management approaching $2.5bn, was formed on 1 July 2008 following the merger of Print Super and JUST SUPER.

Noonan adds that the main aim of the merger was to provide members with tangible enhancements to the fund provisions, either in the form of cost savings or improvements to benefits.

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