Insurance Options

Flexibility to choose the right insurance provider for your needs

AMG Super provides you with a number of flexible options to fund insurance through an AMG Super account. Within superannuation you are able to hold Death, TPD and Income Protection Insurance. There are three different avenues for members to establish their insurance cover.

AMG Group Insurance

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.

AMG Super’s Insurance Rollover Facility

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.

Insurance Premium Calculator

Our Insurance Premium Calculator makes it easy to obtain a quote for establishing group insurance through an AMG Personal Super 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 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.

Insurance Code of Conduct

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):

  • AMG Super

The products that we offer that will be covered by the Code are:

  • All products in the Fund that provide insurance cover.

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:

  • 30 June 2021.

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:

  • Some insurance premiums may cost more than 1% of member salary or wage due to the occupation loadings that are applied. Occupation loadings are applied in order that insurance premiums fairly reflect the risks incurred in many occupations.
  • We may provide some interpreter services on a fee-for service basis.

You can view the Insurance Code of Conduct here.

Getting control of your super is easy with AMG

Get in contact

PO Box 3528, Tingalpa DC, QLD 4173

1300 264 264

info@amgsuper.com.au