AMP Income Protection

AMP life insurance products are all offered under their Flexible Lifetime – Protection Plan. Please refer to the Product Disclosure Statement for more detail.

Overview

Income Protection works by paying you a monthly benefit while you are too sick or injured to go to work. Most Income Protection plans pay a monthly benefit of up to 75% of your regular salary. This type of insurance is designed to help you continue paying the mortgage, children’s school fees, phone and utility bills, run your car, buy food and clothes, basically all of your day-to-day living expenses.

Built-in benefits and features

The following benefits and features are built into the AMP Income Protection Plan:

AMP’s Income Protection Plan benefits are structured into three modules so that your individual needs can be easily catered for.

The three modules are structured as follows:

Basic Plan	Standard Plan	Advanced Plan
Total Disability benefit	Total Disability benefit	Total Disability benefit
Partial Disability benefit	Partial Disability benefit	Partial Disability benefit
	Death feature	Death feature
		Bedcare benefit
		Major Facture or Loss feature
		Trauma feature
Rehabilitation Costs feature	Rehabilitation Costs feature	Rehabilitation Costs feature
Rehabilitation bonus	Rehabilitation bonus	Rehabilitation bonus
Overseas Transport feature	Overseas Transport feature	Overseas Transport feature
Indexation feature	Indexation feature	Indexation feature
Guaranteed Future Insurability feature	Guaranteed Future Insurability feature	Guaranteed Future Insurability feature
On Hold feature	On Hold feature	On Hold feature
Change of Employer feature	Change of Employer feature	Change of Employer feature
Attempted return to work feature	Attempted return to work feature	Attempted return to work feature
Relapse feature	Relapse feature	Relapse feature
Premium Waiver	Premium Waiver	Premium Waiver
		Accommodation benefit
		Domestic Transport benefit
		Family Support benefit

Additional premium options

The following options are available at an additional premium cost:

Basic Plan	Standard Plan	Advanced Plan
-	Day 1 Accident option	Day 1 Accident option
Superannuation Contribution option	Superannuation Contribution option	Superannuation Contribution option
Aids Exclusion option	Aids Exclusion option	Aids Exclusion option
Claims Escalation option	Claims Escalation option