Insurance inside super — the real cost
$7 a week sounds harmless. Compounded over 30 years it can quietly cost you $40,000+ of retirement savings — sometimes for cover you'd never claim. See your real number, then decide whether to keep it.
Built on 2025-26 ATO rates · Last reviewed April 2026
You’re paying $32,583 of foregone retirement savings for $300,000 of combined cover. That’s a cost-to-cover ratio of roughly 10.9%.
Before you cancel. Insurance inside super is painless, and pre-existing conditions that emerged since you got it may make retail replacement expensive or impossible. If you have dependents or a mortgage, confirm your cover is adequate before cutting it. See our insurance in super guide.
Where these numbers come from
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Insurance inside super — full guide →General information only — not financial advice. Super decisions are long-term; verify with a licensed adviser.