Commissions on Personal Insurance Policies (Life, TPD, Trauma/Crisis and Income Protection)

New Insurance Policies

Most of the major providers of personal insurance policies pay very generous commissions for the introduction of new business (or increases to existing policies). This commission can be up to 100% of the 1st years premiums (sometimes more). When factored into the Super Refund service, the real cost can be substantially reduced due to the commission refund received.

Super Refunds can lodge your applications for new or increases to existing insurance products. Simply complete the appropriate paperwork and return directly to us, and we will ensure that they are also automatically enrolled in our refund service, so any commissions and adviser fees are included in the amount refunded to you. The range of personal insurance's include -

  • Life Insurance
  • Total Permanent Disability Insurance (TPD) 
  • Income Protection Insurance
  • Trauma Insurance

Trailing Commissions on Insurance Policies -

Trailing commissions are also charged on most insurance policies. Trailing commissions on insurance policies are usually in the order of 10% & 30% of your annual premium payments and are paid to the financial advisor who originally set up your account or policy. Even if you did not see an adviser directly, these fees are still charged and the trailing commissions are retained by the insurer.

Super Refunds provides you with the opportunity to “reclaim your fees” and actually bank these commissions into your own account. You will be charged these commissions, it’s just a question of who ends up pocketing them!