Through our group insurer Hannover Re, the third largest re-insurer in the world, members are able to access very affordable premium rates. These premiums are deducted directly from your AMG Super Account.
When members rollover their super into AMG, Hannover Life Re are able to match the level of cover held with the previous fund and transfer it to AMG Super’s policy and premiums without underwriting.
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.
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 Super account each year.
For more detailed information please see our Insurance Guide or refer to the relevant Product Disclosure Statement and Additional Information Booklet.
AMG Super 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)
We have adopted the Insurance in Superannuation Voluntary Code of Practice, which commenced on 1 July 2018.
This transition plan applies to the following fund (among others):
The products that we offer that will be covered by the Code are:
While we already carry out many of requirements of the Code, we will transition to all of the standards of the Code, with some exceptions, by the following date:
We will be undertaking a planned approach to work with our Administrators and Insurers to ensure that we meet all sections of the Code by the above date and earlier where possible.
Exceptions to the standards of the Code are expected to include the following matters:
You can view the Insurance Code of Conduct here.