Insurance Through Super Calculator.
Compare the cost and benefits of holding life, TPD, and income protection insurance inside vs outside your super fund.
Move the sliders or type in the form on the left — the math updates live as you go. Click Get AI verdict when you want a written analysis.
Most Australians have some form of insurance through their super fund — often without actively choosing it. While insurance in super has the advantage of being paid from your super balance (not your pocket), it also erodes your retirement savings. This calculator helps you understand the true cost of your insurance premiums, whether your cover levels are adequate, and when it might make sense to hold insurance outside super instead.
Real-world scenarios
The Silent Drain
Mia is 28 with $45,000 in super. She's paying $65/month in default life and TPD insurance. She has no dependants or mortgage.
Mia pays $780/year for insurance she may not need. Over 39 years, accounting for lost investment returns, these premiums cost her approximately $90,000 in retirement savings. She should consider opting out until she has dependants.
Adequate Cover Check
Ben, 40, has $200,000 super, a $500,000 mortgage, 2 kids, and $300,000 in life cover through super.
Financial planning rules suggest 10-12x income in cover. Ben earns $120k so should have $1.2-1.4M in life cover. His $300,000 falls far short. He needs to either increase super cover or supplement with a retail policy.