AMP Total and Permanent Disablement Insurance

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


Total and Permanent Disablement (TPD) cover, provides a lump sum payment if you become disabled to the point where you are unable to work again. TPD plans will also provide payment for other seriously disabling situations.

AMP will only pay the TPD cover insured amount once in respect of an insured person, even if the insured person satisfies two or more parts of the definition of totally and permanently disabled at the same time.

Built-in benefits and features

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

TPD benefit

AMP will pay you the TPD benefit if the insured person becomes totally and permanently disabled.

TPD Partial benefit

AMP will pay the TPD Partial benefit for an insured person if they suffer total and irrecoverable loss of:

  • the use of one limb (where a limb means the whole hand below the wrist or the whole foot below the ankle), or
  • the sight of one eye, where visual acuity has reduced to 6/60 or less and the loss is unable to be corrected by glasses or any other means.

The loss must be unable to be remedied and the insured person must survive for 14 days after the loss.

AMP will only pay the TPD Partial benefit once for each insured person being a lump sum equal to 25% of the TPD cover insured amount (up to a maximum of $500,000).

Financial Planning benefit

AMP will reimburse the recipient of a benefit under the Life Protection Plan for the cost of financial planning advice up to $2,000 (in addition to the amount of the benefit they pay). This benefit is payable only once for each insured person under the Life Protection Plan and must be claimed within 12 months of the claim being paid.

Indexation feature

Each year, unless otherwise agreed, on the plan anniversary AMP will increase the insured amounts for all insured persons under the Life Protection Plan by the higher of the CPI percentage increase and 5%. AMP will notify you of the increase in the annual statement they send you each year and you must tell AMP if you do not want this increase, in full or in part. The Indexation feature ceases to apply to an insured person on the plan anniversary after age 74 for TPD cover.

Guaranteed Future Insurability feature

You can increase the TPD cover insured amount for an insured person without providing evidence of the insured person's health, occupation or pastimes when one of the following happens:

  • the insured person marries
  • the insured person divorces
  • the insured person's child is born or they legally adopt a child
  • the insured person's child starts school
  • the insured person is granted a housing loan by a financial institution to buy their first home
  • the insured person completes their first undergraduate degree at a recognised Australian university
  • the insured person has an annual income increase of $10,000 or more, or
  • the insured person becomes a carer for the first time.

You must apply for the increase within 12 months of the date the event occurs. You must provide appropriate proof of the event that AMP accepts (such as certification of the event or a statutory declaration). You can only increase the insured amount once under this feature in any 12 month period.

Additional premium options

The following options are available at an additional premium cost:

  • Children's Trauma benefit option
  • TPD Plus option
  • Own Occupation option
  • Wavier of premium option

Contact AMP Insurance

Call: 133 888
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