Insurance in super

Refer to your Welcome Letter, Member Statement and other regular communication from AMP, to find out who is the insurer for your employer plan. If the insurer is “TAL”, please refer to your Insurance Guide for more information about combining your insurance with AMP.   

Otherwise, refer to the further eligibility information below.  

You can apply to combine your insurance into your AMP super account if you are rolling over your full super account balance that's held in another fund. This facility is available if your insurance guide has a section titled “Replacing cover from another super fund” or “Transfer your insurance to AMP”.  

Other requirements for eligibility:  

• You're between the ages of 15 and 60.  
• You're an Employee member (Family, spouse and self-employed members are not eligible) of an AMP super plan and are currently employed.  

The insurance being replaced:  

• is part of an employer/group superannuation plan,  
• has been in place for at least 12 months before applying to replace the insurance with AMP,  
• is current and has not expired, lapsed or otherwise been cancelled,  
• has no more than two exclusions (eg. due to a pre-existing condition or hazardous pastimes),  
• has a premium loading of no more than 100%, and  has not had any other conditions or additional charges imposed based on the insurer’s underwriting assessment.¹  

Your ongoing Superannuation Guarantee Contributions are directed to your AMP super account.  

You can apply using the “Application to replace insurance” form applicable to your plan. Together with the insurer, we will assess your application and advise you of the outcome.   

_{¹ You will need to confirm this information with your other super fund.}

The maximum insurance you can apply to replace is:  

• $1.5m of death and Total and Permanent Disablement (TPD) benefits (to a maximum of $2m inclusive of any existing insurance in your AMP super account)  
• $10,000 per month (inclusive of any existing insurance in your AMP super account) in Income Protection or Temporary Salary Continuance (TSC), including the Superannuation Contribution Benefit (where applicable).  

You must provide evidence of the current insurance in your other super fund, including any loadings or exclusions, by way of either:  

• a recent Member Statement (issued within the last six months), or  
• a Certificate of Currency letter/email that is no more than 60 days old.  

Your “replacement cover” (i.e. cover on terms similar to the cover you held in your other super fund) will be added to your super account, in accordance with the existing insurance design and limits applicable to your plan. In some circumstances, this may mean that we are not able to replace some or all of the insurance you held in your other super account.  

To apply, please download and complete the form applicable to the insurer of your plan, then return to us using the reply postal/email address on the last page of the form. To find the insurer of your plan you can view your Member Statement or contact us.

It is important that you wait until we confirm acceptance, before cancelling any existing insurance.

Once we have confirmed acceptance, the insurance in your other super fund must be cancelled within 60 days.