AMP Trauma 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.


Trauma cover pays an agreed lump sum if you suffer a serious illness or injury that is covered in Life Protection Plan you take out. The lump sum payment can help you make the adjustments to your lifestyle that you may either want, or need, to make after suffering a trauma event.

Built-in benefits and features

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

Trauma benefit

AMP will pay a lump sum equal to the Trauma cover insured amount that applies on the date that the definition of the trauma condition or medical procedure is met.

AMP will only pay the Trauma cover insured amount once in respect of an insured person, even if the insured person satisfies the definition of two or more trauma conditions at the same time (unless the Optimum Trauma Reinstatement option is exercised and the Trauma benefit again becomes payable).

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 Trauma cover.

Guaranteed Future Insurability feature

You can increase the Trauma 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:

  • Partials Package option
  • Children's Trauma benefit option
  • Wavier of premium option

Contact AMP Insurance

Call: 133 888
AMP Website: