According to AMP, this includes cover for death, total and permanent disability and income protection and will offer customers more competitive insurance premiums.
AMP director of superannuation Patricia Montague said the addition of Super Protection to the AMP Flexible Super option will enable customers to access insurance at a lower cost.
“We know that for most Australians, their families are their most important asset,” said Ms Montague.
“It is important for AMP to provide customers with a competitive way to access insurance to provide them with the protection they need,” she said.
AMP has also added two new actively managed, market linked options to AMP Flexible Super which are ‘Super Easy Active Balanced,’ a traditional diversified fund, and the AMP Capital Dynamic Markets Fund, a flexible investment approach using dynamic asset allocation.
AMP Flexible Super will also introduce a three-month term deposit in order to provide customers with increased flexibility in selecting cash options.
