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Calculate Your Premium Payments

Premium Payments

The premiums for your cover/s under the Voluntary Policy will be collected through Ballance payroll deductions. These deductions will be automatically adjusted to any change in premium or cover that may occur at the annual renewal date of the policy which will be 1 March each year. Members will also receive notices of insurance at this time advising of any change in premium or cover.

How Premiums are calculated

The premiums for your cover are calculated based upon your age, gender , smoker status and level of insurance cover. Premiums will increase at the policy’s annual renewal date of 1 March each year. 

Some cover may have additional premium loadings applied due to your health or other circumstances, but you will be informed of this at the time of application and will be given the opportunity to accept or decline the cover. Use the calculator below to find out how much your premiums could be at standard rates.

Voluntary Insurance Covers – set amounts that you can choose  (over and above the company funded cover):

No medical underwriting required to completed if you apply 30 days from your employment commencement date.

  • Life Insurance           $50k, $100k or $150k set amounts options 
  • Critical Illness            $5,000 or $10,000 set amounts options
  • Income Protection   Extend the benefit period from 2 yrs to 5 yrs 

Note: Outside of this offer window – full medical assessment and an application form is required then cover is not guaranteed.  The insurer may decline cover or increase premiums 

Voluntary Insurance Estimation

Please complete the following fields for a premium estimation for insurance cover under the Ballance Agri- Nutrients voluntary insurance plan.

Smoking/ Vaping status (past 12 months)
Extend Benefit Period