PET - Plain English Taxonomy

Name: DefaultCoverTypeDimension
Label: Default Cover Type Dimension
TREF ID: DM686
Type: Predefined
Description:
This dimension represents the types of default cover of bundled insurance where multiple types of insurance cover are provided under one premium.
Usage:

Dimension Members
Name Label TREF ID Description
IncomeProtectionInsurance Income Protection Insurance DV6330
Represents the temporary incapacity cover provided to members, where temporary incapacity insurance cover has the meaning given in the Superannuation Industry (Supervision) Regulations.
LifeAndIncomeProtection Life And Income Protection DV7152
Represents bundled life and IP (Income Protection) insurance. Life insurance is a benefit, in respect of each member, that is payable only in the event of the death of the member and which is provided by taking out insurance. Income protection insurance is the temporary incapacity cover provided to members, where temporary incapacity insurance cover has the meaning given in the Superannuation Industry (Supervision) Regulations.
LifeAndTotalAndPermanentDisability Life And Total And Permanent Disability DV7151
Represents bundled life insurance and TPD (total and permanent disability) insurance. Life insurance is a benefit, in respect of each member, that is payable only in the event of the death of the member and which is provided by taking out insurance. Total and permanent disability insurance is a benefit, in respect of each member, that is payable only if the member is suffering permanent incapacity.
LifeAndTotalAndPermanentDisabilityAndIncomeProtection Life And Total And Permanent Disability And Income Protection DV7149
Represents bundled Life, TPD (Total and Permanent Disability) and IP (Income Protection) insurance. Life insurance is a benefit, in respect of each member, that is payable only in the event of the death of the member and which is provided by taking out insurance. Total and permanent disability insurance is a benefit, in respect of each member, that is payable only if the member is suffering permanent incapacity. Income protection insurance is the temporary incapacity cover provided to members, where temporary incapacity insurance cover has the meaning given in the Superannuation Industry (Supervision) Regulations.
LifeInsurance Life Insurance DV6329
Represents a benefit, in respect of each member, that is payable only in the event of the death of the member and which is provided by taking out insurance.
NotApplicable Not Applicable DV7148
Represents the insurance type not applicable to the information reported.
OtherInsurance Other Insurance DV6328
Represents any other insurance not categorised in the list.
TotalAndPermanentDisabilityAndIncomeProtection Total And Permanent Disability And Income Protection DV7150
Represents bundled TPD (Total and Permanent Disability) and IP (Income Protection) insurance. Total and permanent disability insurance is a benefit, in respect of each member, that is payable only if the member is suffering permanent incapacity. Income protection insurance is the temporary incapacity cover provided to members, where temporary incapacity insurance cover has the meaning given in the Superannuation Industry (Supervision) Regulations.
TotalAndPermanentDisabilityInsurance Total And Permanent Disability Insurance DV6327
Represents a benefit, in respect of each member, that is payable only if the member is suffering permanent incapacity.