Legalsuper has been able to negotiate a three year premium freeze on group insurance with OnePath owing to the low risk profile of its members.

It has also gained unlimited death cover, a rise in TPD cover from $2 million to $3 million, a doubling in increased terminal illness benefit to $2 million and increase in maximum income protection payout from to $25,000.

For employed members aged 45 and above, between 1 and 4 units of additional insurance can now be requested without the need to complete an insurance application.

Andrew Proebstl, chief executive of Legalsuper, said the niche membership of his fund gave OnePath a very clear picture of their risk profile.

“As a white collar profession most of our members are in a low risk insurance category, which lowers premiums and maximises the insurance benefits available to our members.”

He added that such benefits were not available for those who joined funds with a broader membership.

The deal was brokered with the help of Colin Cassidy of Super Benefits Administration.

Legalsuper manages $2.2 billion in assets for 41,000 members including judges, barristers, lawyers, management and staff of legal businesses.