AMP has launched a range of product enhancements and new service initiatives across its retail and group insurance offerings, effective immediately.
Over 30 enhancements have been made to AMP Flexible Lifetime – Protection. These are strengthened by the product’s Automatic Plan Enhancement feature, which ensures claims that existing customers make after 28 March will not be denied for the new enhancements on the basis
of a pre-existing condition.
Enhancements to AMP Flexible Lifetime – Protection include definition changes to Trauma insurance, changes to the Guaranteed Future Insurability feature for Income Protection and additional inbuilt Trauma features.
The Trauma insurance upgrade includes changes to five key trauma definitions, including angioplasty
and cancer.
Income Protection enhancements include increasing the maximum monthly benefit under the Guaranteed Future Insurability feature from $1,000 to $1,500 and the addition of occupationally acquired HIV and Hepatitis B or C as part of the inbuilt Trauma feature.
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