AMP names new super fund insurer
AMP has picked TAL as the default insurance provider for its 270,000 superannuation members after a “comprehensive” tender process.
The listed financial services group says its default and retail insurance agreement for AMP Superannuation Fund members includes its flagship SignatureSuper offer.
Its superannuation members will be moved to TAL in the second quarter. Resolution Life was the previous insurance provider.
“Insurance is vitally important to our members and, working with our trustee, we’ve conducted a comprehensive tender process to find the best insurance offer in the market,” AMP GM Master Trust David Clark said. “We’re now delighted to announce this new partnership with TAL, which we believe for our members is the leading insurance offer available.”
He says AMP members will benefit from insurance pricing reductions and the introduction of a digital capability that gives access to online quote calculators, underwriting, and claims lodgement and tracking.
“We also expect to improve member engagement through TAL’s health and wellbeing program promoting preventative education, rewards, return-to-work rehab services, early intervention and mental health support,” Mr Clark said.