Total and Permanent Disablement (TPD) Cover
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Retained Benefit and Spouse members do not have TPD cover in the Plan.

Your basic level of insurance - Employee members only

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 insurance if you become totally and permanently disabled, as defined in the insurance policy. You will not be eligible for this insurance cover if you have elected to have your Superannuation Guarantee (SG) contributions paid to another fund under the Choice of Fund legislation.

The basic insured amount on total and permanent disablement is calculated as:

Prior to age 55, five times your annual Base Salary at the date you become disabled.

On or after age 55, a multiple of your annual Base Salary at the date you become disabled according to the following table:

Age at
disablement
Multiple of
Base Salary
Age at
disablement
Multiple of
Base Salary
55 4.5 60 2.0
56 4.0 61 1.5
57 3.5 62 1.0
58 3.0 63 0.5
59 2.5 64 0.0

Any insurance is added to your total accounts if a total and permanent disablement benefit becomes payable.

The information provided above 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 disablement benefit will be reduced by any amount of insurance that the Trustee is unable to arrange or claim.

the Insurance in your super guide

the Product Disclosure Statement