If you choose the mysuper insurance add-on within 90 days of joining ACC, your salary is less than $150,000 and you are at work on the day your cover commences, any pre-existing conditions will be covered.
If you apply outside of the first 90 days you can still add on the optional cover, but you will be subject to acceptance by the insurer after you complete a full application including medical information. Unless you have any underlying health issues this should not affect your premium. If there is an issue it may be that the premium is increased, or cover is declined, deferred or accepted with conditions.
Premiums can only be deducted from unlocked contributions so if you have chosen the 100% Locked account structure you aren't able to add-on our insurance cover. The KiwiSaver Act 2006 does not permit payment of insurance premiums out of locked retirement savings.
For the policy wording see the life insurance (PDF 508 KB) and income protection (PDF 781 KB) policies.
Should you wish to cancel the insurance add-on at any time, you can email email@example.com.