Risk Product Updates

Existing Product Updates

AMP extends risk APL

AMP has announced it is now offering five risk insurance providers on its approved product list (APL) in its advisory groups. BT and MetLife have been added to existing product options from AIA Australia, OnePath/Zurich and TAL. The dealer groups included are AMP Financial Planning, Hillross and Charter, with all APLs aligned.

OneCare premiums increase by 25 per cent

Premium rates for OneCare Income Secure Covers (excluding Income Secure Essentials) and Business Expenses Cover increased by 20 per cent in July 2020, and are now being increased again by another four per cent. Increases on both new policies and existing policies are now aligned, with all subject to an increase of a quarter.