The ACT Bar Association’s Group Life Scheme (“TPD”) offers a $250,000 insurance benefit to practising barristers in the Australian Capital Territory. The Scheme allows the Association to act collectively to obtain Life and Total Disability Insurance for members and achieve superior terms and conditions as well as substantial reductions in premium rates. This ensues from the bargaining position of the ACT Bar on behalf of its members.
Group Life Insurance Policy Document (398 KB)
The key features of the scheme are:
The Scheme provides for death and TPD cover. Under the death cover, the insurer pays on death or terminal illness. Under the TPD cover, the insurer pays if the member is permanently incapacitated from working as a Barrister.
The Scheme was formally approved on 13 October 2011 at the, annual AGM and commenced in July 2012.