MLC MasterKey Personal Super - MLC Australia copy of this document on mlc.com.au/pds/mkpsop ......
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MLC MasterKey Personal Super
Category A members
This Insurance Guide is for MLC MasterKey Personal Super members who were transferred into the
MLC Super Fund from The Universal Super Scheme on 1 July 2016 and who are:
(a) Existing Insured Members who:
� were covered under a MLC MasterKey Business Super Insured Member category other than MLC MasterKey Business Super Category 'G';
� became a MLC MasterKey Business Super Insured Member on or before 28 November 2013; � have left the employment of a Participating Employer; and � did not elect to cease their cover under the MLC Master Policy.
(b) Insured Members who:
� were referred to in Former Schedule 12 of the M100 Master Policy dated April 2009 (Ex- National FlexiSuper Members); and
� who had no insurance cover under National FlexiSuper immediately before 11 April 2006.
(c) Existing Family Insured Members who:
� were covered under a MLC MasterKey Business Super Insured Member category; � became a MLC MasterKey Business Super Insured Member on or before 30 June 2013; � no longer met the “Family Insured Member” eligibility conditions; and � did not elect to cease their Cover under the MLC Master Policy.
(d) Insured Members who are Ex-Employer Super Personal Option Insured Members or Ex-Super
Solutions Employer Service Personal Option Insured Members.
(e) Existing Insured Members who between 24 May 2013 and 29 November 2013 became
employees of an employer who was formerly a Participating Employer in The Employee
Retirement Plan (TERP) and who:
� were covered under a MLC MasterKey Business Super Insured Member category; � have left the employment of a Participating Employer; and � did not elect to cease their Cover under the MLC Master Policy.
(f) Members of the 'Retained Benefits Division of the Horizon Superannuation Plan' who
transferred to MLC MasterKey Personal Super on 1 December 2011 and held death cover under
the 'Horizon Superannuation Plan' as at 30 November 2011.
Preparation date Preparation date Preparation date Preparation date 30 September 2016
Issued by the Trustee Issued by the Trustee Issued by the Trustee Issued by the Trustee NULIS Nominees (Australia) Limited ABN ABN ABN ABN 80 008 515 633 AFSL AFSL AFSL AFSL 236465
The InsurerThe InsurerThe InsurerThe Insurer MLC Limited ABNABNABNABN 90 000 000 402 AFSLAFSLAFSLAFSL 230694
The FundThe FundThe FundThe Fund MLC Super Fund ABNABNABNABN 70 732 426 024
This guide gives you information about the
insurance available through your super.
A financial adviser can help you decide if this
insurance is right for you.
The information in this document is general information only and doesn’t take into account your
objectives, financial situation or individual needs. Because of that, before acting on this information,
you should consider its appropriateness, having regards to your objectives, financial situation and
needs. For more information please contact us, speak with your financial adviser or go to the online
copy of this document on mlc.com.au/pds/mkpsop
Information in this document may change from time to time. Updates in relation to information that
are not materially adverse may be made available on mlc.com.au but you may not be directly
notified of these updates. You may, however, obtain a paper copy of these change communications
on request free of charge by contacting us.
Please read the latest applicable Product Disclosure Statement and any incorporated materials
before making any decision about a product.
Neither NAB, nor any of its related bodies corporate guarantees or accepts liability in respect of the
insurance cover offered in MLC MasterKey Personal Super.
An interest issued by NULIS Nominees (Australia) Limited in the Fund does not represent a deposit or
liability with NAB or other related bodies corporate of NAB.
Any statement made by a third party or based on a statement made by a third party in this
document has been included in the form and context in which it appears with the consent of the
third party, which has not been withdrawn as at the date of this document.
References to mlc.com.au in the online copy of this document link directly to the additional
Insurance with MLC Limited 4
Insurance you select yourself 6
Death insurance 8
Death and TPD insurance 10
Income Protection insurance 18
Insurance – the details 29
For more information please contact us, speak with your financial adviser or go to the online copy of
this document on mlc.com.au/pds/mkpsop
MLC Master Policy
You can find specific details about the terms and conditions of your insurance in the MLC Master
For Ex-Aviva Members, there are two applicable MLC Master Policies under which different aspects
of the insurance cover described in this Insurance Guide are provided.
A copy of each of the MLC Master Policies is available by contacting us.
This Insurance Guide summarises the terms and conditions that apply to a claim for a Benefit with a
Date of Claim occurring on or after 8 December 2012 under the MLC Master Policies. If your Date of
Claim precedes this date, different terms and conditions may apply. Please contact us for further
MLC Limited (Insurer) is the Insurer
and receives your insurance
premiums. We can change the
insurer at any time if we believe this
is in the best interests of members.
The information in this Insurance
Guide forms part of the
MLC MasterKey Personal Super
Product Disclosure Statement dated
30 September 2016. Together with
the Fee Definitions Flyer and
Investment Menu, these documents
should be considered before making
a decision about whether to acquire
or continue to hold the product.
They are available at
Proposed sale of MLC Limited
In 2015 the NAB Group announced a plan to sell 80% of its insurance business (MLC Limited) to
Nippon Life Insurance Company. The planned sale has not been finalised at this stage. It is
proposed this sale will take place on a date between 1 October 2016 and 31 December 2016.
There are no changes to the insurance benefits, terms and conditions detailed in the PDS and in this
document as a result of the proposed sale. In the future, should your benefits or terms and
conditions change, we'll notify you as required by law.
Insurance with MLC Limited
With over 125 years of insurance experience in Australia, insurance with MLC Limited provides long-
term, sustainable insurance to customers.
Your insurance travels with you, which means you’re covered 24 hours a day anywhere in the world.
However, some additional limits apply to Income Protection benefits if you are not continuously
resident in an Approved Country – see the Definitions section for details.
Insurance through super may be tax effective for you and may be a more affordable way for you to
take care of your beneficiaries.
MLC MasterKey Personal Super Insurance
Description of the insurance
The following types of cover are available through MLC MasterKey Personal Super:
� Death insurance; � Death and Total and Permanent Disablement (TPD) insurance; and � Income Protection insurance.
You may be an MLC MasterKey Personal Super member if:
� you are a former MLC MasterKey Business Super member who ceased employment with the employer sponsor of your MLC MasterKey Business Super plan; or
� you joined MLC MasterKey Business Super as an eligible family member of an employee member and that employee member ceased employment with the employer sponsor of
their MLC MasterKey Business Super plan.
In either case, your account will have been automatically transferred from MLC MasterKey Business
Super to MLC MasterKey Personal Super as a result of you (or in the case of an eligible family
member, the employee member that is your relative) ceasing employment with the relevant MLC
MasterKey Business Super employer.
Any insurance cover you held in MLC MasterKey Business Super was transferred to MLC MasterKey
Personal Super on the date your account was transferred. In such circumstances, your cover in MLC
MasterKey Personal Super will have become a fixed amount at the same level as you held in MLC
MasterKey Business Super as at the transfer date. You can apply to increase any such transferred
� special conditions, premium loadings, exclusions, restrictions or endorsements that applied to you in your MLC MasterKey Business Super plan; and
� New Events Cover that applied to you in MLC MasterKey Business Super,
continue to apply to you in MLC MasterKey Personal Super