AMP Life Insurance was originally founded as a non-profit life insurance provider in 1849. Over more than 160 years, AMP Life has developed to become one of the largest companies providing life insurance to Australians. AMP has a network of more than 4,000 advisors and planners who help consumers to purchase life cover and other policies. In 2011, AMP merged with AXA to provide even more insurance coverage and financial assistance to individuals and businesses throughout Australia. Today, AMP offers flexible policies for life and income protection, as well as many other types of coverage that protect Australians from life’s uncertainties.
AMP insurance plans offer many features designed to provide broad and comprehensive coverage to policyholders and designed to provide assistance to beneficiaries in their time of need. Examples include a $15,000 funeral benefit, as well as an accommodation benefit to pay for reasonable expenses of immediate family members who accompany insured policyholders re-ceiving treatment. The sole owner and sole insured person of a life insurance policy can nomi-nate beneficiaries, and when a policyholder is diagnosed with a terminal illness, he or she may elect to receive advanced payment of death cover under AMP’s policy guidelines.
AMP offers many different kinds of insurance coverage so every Australian can get the protection he or she needs from illness, disability, and death. Coverage options available through AMP include the following:
AMP has approximately 5 million customers across Australia and Asia, as well as around 6,000 employees and 4,200 Australian financial planners who sell its policies. There are 1.2 million group insurance customers covered by AMP in Australia and the company manages almost $160 billion in assets. In 2011, AMP paid out $739.5 million in insurance claims to covered poli-cyholders.
Claims may be made by contacting AMP at 1800 304 653. A claims representative will provide you with information on the forms that must be completed, as well as on any necessary medical reports or other documentation that must be provided. All claims are paid in Australian dollars to Australian policyholders and beneficiaries
Members who obtain coverage through AMP receive benefits and advantages including:
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