Another benefit of having insurance within superannuation is that in some cases premiums may be cheaper, particularly where you join through an employer that may have access to group insurance rates (which will generally cover a larger group of members at a cheaper rate than that which would otherwise apply to an individual).
Your Superannuation Fund
If you have your super statement in front of you, have a look at the current insurance that you have. Is it appropriate to your personal circumstances?
If you are unsure, it may be worthwhile speaking to a financial adviser as they can assist you in determining appropriate types and levels of cover.
Please note: From 1 July 2019, trustees are prevented from providing opt-out insurance (such as life, total and permanent disability or income protection insurance) to a member with a MySuper or choice product if their account is inactive (has not received a contribution or rollover in the previous 16 months), unless a member has directed the trustee to maintain the insurance. However, prior to the insurance ceasing, trustees will be required to notify a member where they have been identified as having an inactive account, and provide them with the opportunity to take steps to maintain their insurance if they desire.