Death and Terminal Illness Cover
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The information provided below is a summary only. You should refer to the PDS and Insurance in your super guide for more information regarding eligibility and terms and conditions that apply to the insurance benefits provided through the Plan. Your death and terminal illness benefit will be reduced by any amount of insurance that the Trustee is unable to arrange or claim.

Your basic level of insurance

Employee Members
If you are a permanent employee of Oracle, and you meet the eligibility criteria as detailed in the Product Disclosure Statement, you are provided with life insurance through the Plan. You will not be eligible for insurance cover if you choose to have your Superannuation Guarantee (SG) contributions paid to another fund under the Choice of Fund legislation.

The basic insured amount on death or terminal illness is calculated as five times your annual Base Salary at the date of your death.

The insured amount is added to your total accounts if a death benefit becomes payable.

the Insurance in your super guide

the Product Disclosure Statement

Retained Benefit Members
Retained Benefit members do not have insurance in the Plan.

Spouse Members
If you are a Spouse member you can apply for voluntary insurance cover for death and terminal illness. The insurance cover is purchased in units. The amount of insurance you can purchase depends on your age and the number of units of cover you would like to purchase.

Refer to the guide How Super Works & Insurance for Spouse Members for more information.

The fee for each unit of cover is deducted from your Spouse Account each month.

How Super Works & Insurance for Spouse Members