Asset Super has increased the insurance cover for its members without raising its premiums.
The fund's members will receive a 10 per cent boost to their insurance cover without having to pay an extra premium. Insurance premiums will remain at $1.15 a week.
"We have managed to achieve this increase for our members because of our very good claims history," Asset Super chief executive John Paul said.
The fund has reported a decrease in the take up of total and permanent disability claims (TPD), according to Paul.
More members have been returning to the workforce after illness or injury.
"With the reduction of TPD claims and our members returning to work faster, we have managed to work with our provider MLC to get these additional benefits for our members.
"Overall it has been a good outcome."
A number of industry funds have boosted their insurance cover over the past few months.
The Meat Industry Superannuation Fund, QSuper and the Government Employee Superannuation Board have all moved to increase the level of cover for their members.
