Alliance formed with SIS

Superannuation Insurance Services (SIS) is teaming up with industry funds to offer value-added insurance products to members.

Superannuation Insurance Services (SIS) has joined forces with industry superannuation funds to provide discounted insurance products to members.

Launching this month, Maritime Super, Club Super and SPEC Super will offer reduced rates for health, car, home and travel insurance through a relationship with QBE Insurance.

SIS director Jason Potter-Rose said superannuation fund members could get a 30 per cent discount on travel insurance and 10 per cent reduction on their home insurance among other discounts.

"There is a large discount for members to use the online sale profile. We have also linked up with iSelect . anyone who joins gets a $500 travel voucher," Potter-Rose said.

Members can apply by clicking on badged links on the fund's homepage, which take them to the relevant QBE site.

Maritime Super executive officer Glenn Davis said forming the alliance with SIS suited the fund's membership needs.

"We're focusing on financial aid and it's got to be cheaper than what they can get off the street," Davis said.

Potter-Rose said offering members insurance discounts was a good way to increase customer engagement.

"It's a captive market for super funds," he said.

SIS is also working with unions, including the Builder Labourers Federation Queensland and PFG Financial Services.

By Alice Uribe
Thu 15 Apr

The article above was extracted from the Investor Daily.