Jane Hume (Victoria, Liberal Party, Assistant Minister for Superannuation, Financial Services and Financial Technology) | Hansard source

Thank you, Senator Whish-Wilson. I'm not speaking from any statistics here, but my personal understanding is the leading cause of death of young people is in fact suicide—one of those causes of death that often is not, in fact, covered by insurance within superannuation. Again, a very good example of how these young people are often paying premiums for products they don't know they have, don't want, don't understand and potentially can't claim on. What I can tell you though is that Rice Warner, the actuarial firm, has data that shows that less than one per cent of members under 25 claim on their insurance.