AMP has been recognised for its quality trauma offering for the second year in a row in the CANSTAR Life Insurance Star Ratings.
AMP was awarded the Outstanding Value Insurance – Trauma Award, the same award it picked up last year.
AMP’s Head of Technical Strategies for Retail Wealth Protection Chris Kirby said we have worked hard at getting the balance right with our trauma product range.
“To create quality and cost effective choices, we have adopted a modular approach,” Mr Kirby said.
“Trauma Optimum has 50 conditions for which the full sum insured is payable. Then, based on need and affordability, the customer can choose to add 23 partial conditions, children’s cover, trauma reinstatement, buy-back and premium waver.
“Our focus remains on ensuring existing customers’ cover remains competitive and contemporary and they receive the benefit and security of having their cover automatically enhanced without a pre-existing conditions exclusion.”
CANSTAR’s Head of Research Chris Groth said for the second year in a row, its research showed AMP Life as offering outstanding value trauma insurance for both Standard and Optimum products.
“The biggest trauma claims in Australia are cancer and heart attack and AMP Life excels in these areas, as well as being flexible with acceptance of new and ever-changing methods of medical diagnosis,” Mr Groth said.
“AMP Life has kept its premium prices on trauma products low which is a measure of the strength of AMP and the life insurance industry in Australia.”
Mr Kirby added: “AMP continues to support and invest in its two key wealth protection product lines, Flexibly Lifetime – Protection and Elevate, to ensure they offer flexibility, choice and competitiveness.”
