AMP’s Elevate Healthy Start offers eligible customers a 10% discount when living a healthy lifestyle. This reward is accessible to all new Elevate Life Insurance and TPD policies for 5 years. Available for a limited time only, between 2 December 2017 to 2 December 2018.

Combine your Healthy Start discount with other AMP offers to maximise your overall premium discount.

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Eligibility Criteria

New clients purchasing a stepped premium Life and/or TPD policy from the AMP Elevate product series are eligible to receive the Healthy Start premium discount when already living a healthy lifestyle and are:

  • Between the ages of 30 and 60 (next birthday).
  • A non-smoker.
  • Have a BMI between 18.5 and 28.
  • Accepted at standard rates without any health-related loadings or exclusions.

Existing AMP Elevate clients meeting the above criteria and replacing their Life or TPD cover with a new fully underwritten policy will also be eligible for the 10% premium discount.

How does the Healthy Start discount apply?

The Healthy Start, 10% discount, will apply to new AMP Elevate Life and Total and Permanent Disability (TPD) policies. Only plans with stepped premiums are eligible for the discount.

Maximising your life insurance discounts

You can increase your AMP Elevate life and TPD discount up to 15% when combining your Healthy Start Discount with:

  • The RACV insurance discount: Provides RACV members with a 5% lifetime savings on life, TPD and trauma insurance cover purchased through AMP Elevate Insurance.
  • Multi plan discount gives eligible clients 5% off their life, TPD or trauma plan when bundled with Elevate income and/or business expenses insurance.
  • Business Rewards and Workplace Rewards offers a 5% discount on Elevate life, TPD and trauma premiums for any clients in a business relationship or owners of self-managed super funds (SMSFs).
  • Large case discounts may be applied at AMP’s discretion for all income protection policies over $3,000 per month, and lump sum products over $250,000. Your discount generally increases in line with your sum insured.

When your health insurance discount won’t apply

  • Level and blended premiums.
  • Income protection, business expenses and trauma insurance premiums.
  • Children’s trauma options.
  • Your Plan fee.
  • Existing policies.
  • Policies bought back under the Life buy-back option (TPD and Trauma), or trauma reinstatement option.

Frequently asked questions and answers

For how long will the 10% discount be valid?

The discount will expire 5 years after the commencement of your Elevate Life or TPD policy.

How can I apply for this discount?

Through Life Insurance Direct or other financial advisers. Your application must be submitted electronically to apply for the Healthy Start discount; paper applications will not be accepted.

What happens if my policy lapses and then gets reinstated?

If your policy has lapsed and gets reinstated with full underwriting, then your discount will be reinstated if you meet the eligibility criteria. However, the discount will still end 5 years after your policy’s original start date and not from when it was reinstated.

Will my discount end when I make a claim?

No. Even if you’ve lodged a claim and received a benefit, your discount will still apply to eligible plans.

What if I want to increase my benefit?

Your Healthy Start discount will apply to your entire benefit if you already had the discount in place before the increase. This includes increases because of inflation or through the Future Insurability benefit or Business Solutions option.

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