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The plan fee pays for setting up and administering your insurance plan. Plan fees increase each year (usually around January) in line with increases in the Consumer Price Index (CPI). Any increase in plan fees will be applied to your plan from your plan anniversary date (also referred to as the plan ‘extension date’). The table below sets out Elevate Insurance fees applicable from 1 February 2024.
| Plan fee per payment ($) | ||
|---|---|---|
| Premium Frequency | Non-Superannuation | Superannuation |
| Fortnightly | 3.36 | 3.31 |
| Monthly | 7.26 | 7.14 |
| Quarterly | 21.77 | 21.43 |
| Half-yearly | 43.54 | 42.86 |
| Yearly | 83.35 | 82.04 |
If you’d like to know more about the plan fees applying to your insurance cover, please refer to the Elevate PDS or to your insurance schedule. You may also contact us or speak with your financial adviser.
What you need to know
Any advice on this website is provided by Resolution Life Australasia Limited ABN 84 079 300 379, AFSL No. 233671 (Resolution Life), and is general advice and does not take into account your objectives, financial situation or needs. Before acting on this advice, you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs, as well as the relevant product disclosure statement and/or policy document, available from Resolution Life at resolutionlife.com.au or by calling 133 731, before making a decision on whether to acquire, or continue to hold, the product.
The Target Market Determinations (TMDs) for our financial products (where applicable) can be found at Target Market Determinations (TMDs). The TMDs describe the key features and attributes of an applicable product that affect whether it is likely to be consistent with the objectives, financial situation and needs of consumers in the target market.
Resolution Life is part of the Resolution Life Group and can be contacted via contact us or by calling the phone number mentioned above.
