The fund also boosted the automatic acceptance limit (AAL) prescribing the amount of cover each member can apply for to $1.5 million. The previous maximum AAL for a member aged 30 or less was three units of death and TPD cover, plus some income protection, amounting to $257,400. Now that same member could apply for as much as $1.5 million, depending on their salary, Staunton said. “What we’re gearing to is an application process where members tell us what they need under AALs, and it’s those that don’t advise us that receive the three units [default cover],” he said. “The critical mass of AustralianSuper brings the security where we can deliver higher AALs and be comfortable.” The fund’s large member base and their low level claims since the last contract with CommInsure was struck saw their premium slashed by $48 million over three years. During the tender MLC Insurance won three clients from CommInsure, Tower and MetLife, the most recent being the Sisters of Mercy Staff Superannuation Scheme from CommInsure.