Frequently-asked questions about AMP Crisis Cover

Can I choose the amount of crisis cover I want?
Yes. The amount can be tailored to your and your family’s needs and what you can afford.

How much are the premiums?
Premiums vary depending on your age and how much cover you want, but they’re very affordable. For example, the premium for a 30 year-old non-smoking male is just over $2 per week.

Can I continue my cover if I leave Lifestyle?
Yes. And you’ll still be eligible for the group discount rates.

How long must I wait before I can make a claim?
Only 14 days from the first time you are diagnosed with the specified illness or injury.

Do I pay tax on the benefit I receive?
No. Under current legislation, the lump sum paid to you will be tax-free.

What can I use the lump sum for?
Anything you like. You can pay off debt, such as your mortgage, or use the lump sum to pay for something you really need at the time like medical care, overseas treatment or a holiday to help you recover. Or, you may want to further your education and change careers after you’ve recovered.