AMP has announced several new product enhancements and service initiatives across its retail and group insurance. These enhancements will be effective immediately and available to new as well as more than 170,000 existing AMP customers, who will be automatically upgraded at no extra cost..
AMP Director of Wealth Protection Product Michael Paff said, “These developments are designed to ensure AMP’s insurance offering continues to be contemporary and compelling to our existing and new customers.”
More than 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.
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