Maritime Super is joining the growing number of funds expanding their insurance offerings, and is looking to offer health, car, home and travel insurance.

According to a statement by the fund, Maritime Super is teaming up with Superannuation Insurances Services to provide members with options to buy insurance products at a discounted price.

"We are always on the lookout for ways to help members in their day-to-day living.

"Through Superannuation Insurance Services (SIS), members of Maritime Super will soon be able to access a host of discounted insurance products," noted the statement.

The $3 billion Maritime Super is not the first super fund to go down the "value add" insurance path.

The $10 billion Telstra Super recently teamed up with HCF to offer members discounted health insurance, for instance.

Meanwhile, the $4.8 billion AUSCOAL Super tagged Westfund Health Insurance to provide expanded services to members.

Maritime Super was established on 1 March 2009 as a result of the merger between two maritime industry super funds, the Stevedoring Employees Retirement Fund (SERF) and the Seafarers Retirement Fund (SRF).

 

By Ruth Liew
Thursday, 6 May 2010 12:45pm