CTHIn ForceLegislation
Australian Securities and Investments Commission Regulations 2001
12MMeaning of superannuation‑related add‑on insurance product
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12M Meaning of superannuation‑related add‑on insurance product
A superannuation‑related add‑on insurance product is an add‑on insurance product that: (a) is offered or sold to a consumer in connection with the consumer acquiring, or entering into a commitment to acquire, another product or service in a registrable superannuation entity; and (b) provides insurance cover (whether or not the cover is restricted) in respect of one or more of the following: (i) the consumer’s death; (ii) the consumer’s total and permanent disability; (iii) loss of income by the consumer.