Insurance Company Description: AMP Life focuses on managing the financial well-being of Australians so that they can look forward to a relaxed future, filled with hope and enjoyment. AMP insurance was started in 1849 as “The Australian Mutual Provident Society” as a company that offers life insurance for the welfare of the public. Over the 150 plus years of their existence, they have become a public listed company and have emerged as a leading insurance provider regarding life insurance and income protection. For the middle of 1998, they have become a part of the Australian and New Zealand Stock Exchanges and have definitely emerged as a promising wealth management organization that operates regionally. AMP split into two in 2003 as AMP Insurance in Australia and is known as HHG in Great Britain. Their insurance plans have been designed in such a way wherein which they ensure that enough variety is offered to you in the form of insurance plans to meet the protection needs of you and your family. They have been doing extremely well in the insurance domain and have received the award for the 2011 Best Trauma Insurance at Canstar Cannex.
Covers: AMP Life Insurance offers a wide variety of insurance policies such as Income Protection, Total and Permanent Disablement, Trauma Cover, Death Cover and Business Overheads Insurance.
Pros: AMP insurance focuses on making sure that their clients and families feel confident and secure about their future and they want their customers to be ready for their future in whichever way life throws it at them. This is the reason why they offer death cover so that their family can be supported in the right manner even after the loss of the earning member. Once you get associated with AMP insurance, you need not have to worry about future medical bills or taking care of your family even when you are not around. There are several varieties of insurance claims offered by them which cover for aspects when you are disabled, permanently out of work or when you require some amount of recovery time. AMP does not provide just plain personal insurance policies but helps you to plan your financial future in the right sense.
Cons: One of the aspects of AMP insurance which is a disadvantage to its users is its high rate which makes it a problem for customers to afford it. Some customers are also of the view that the customer support staff is not very friendly since they have a large client base to attend to.
Overall: It would be better to always read the fine print and the Terms and Conditions of your insurance policy before you purchase one.
Note: Views expressed in this review are not the opinion of Insurance Pick. It is a summary of multiple reviews collected from community-review websites posted by consumers. Please read our Disclaimer for more information.