Insurance Options

Flexibility to choose the right insurance provider to suit your needs

AMG provides you with a number of flexible options to fund insurance through your AMG account. Within super, you are able to hold death, total and permanent disablement (TPD) and income protection (IP) insurance. There are three different avenues for members to establish their insurance cover.

Group Insurance

Through our group insurer, members are able to access competitive premium rates. These premiums are deducted directly from your AMG account.

 

Insurance Transfer Facility

When members rollover their super into AMG, our group insurer can match the level of cover held with the previous fund and transfer it to AMG’s policy and premiums without underwriting.

Insurance Premium Calculator

Our simple insurance premium calculator makes it easy to obtain a quote for insurance through an AMG account.

Retail Insurance

Platform

To provide further choice and flexibility, you are able to use our platform insurance option offered by some of Australia’s leading insurers – AIA, TAL and Zurich.

Rollover

Most retail insurers also have insurance only superannuation funds. This allows you to establish a retail policy within the insurer’s fund and pay the premiums through a partial rollover from the client’s AMG account each year.

For more detailed information, please see our Insurance Flyer or refer to the relevant Product Disclosure Statement and Additional Information Booklet.

Insurance Code of Conduct

AMG and Equity Trustees Superannuation Limited have signed up to the Insurance Code of Conduct and have implemented a transition plan. See below the official statement:

Name of Trustee: Equity Trustees Superannuation Limited (ABN 50 055 641 757)

Name of Fund: AMG Super (ABN 30 099 320 583)

AMG Super has previously stated its intent to adopt the Insurance in Superannuation Voluntary Code of Practice (the Code). The Code had been scheduled to come into effect on 1 January 2022.

Since the development of the Code, the majority of the requirements have been overtaken by legislative and regulatory reforms. In addition, many of the elements of the Code have already been implemented by AMG Super to improve member experience.

On the 30th of June, the Code Owners announced that the Code will no longer be required to be implemented in its current form.  It will instead be replaced by two guidance documents focussing on Claims Handling and Vulnerable Consumers.  These documents have been jointly developed by the Code Owners.  AMG Super will consider this guidance in our interactions with members.

The Trustee is committed to continuing the principles of the Code and will continue to implement the requirements to improve its members’ experience.

Note: The Code Owners are the Association of Superannuation Funds of Australia (ASFA), the Australian Institute of Superannuation Trustees (AIST) and the Financial Services Council (FSC).

Getting control of your super is easy with AMG


Looking for more information?

Get in contact

PO Box 3528, Tingalpa DC, QLD 4173

1300 264 264

info@amgsuper.com.au

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