AMP has extended its lifetime discount for all new life and TPD insurances policies purchased through its Elevate insurance product.
The Take 5 campaign, which provides a 5% lifetime premium discount on new Life and TPD insurances, began on 1 July 2016 and was due to expire on 18 February 2017, but has been extended to close of business on 28 April 2017.
AMP has also updated the PDS for the Elevate product and has removed all references to ‘NMLA’, the life insurance business of AXA which was purchased in March 2011, and replaced them with ‘AMP Life’.
The new PDS (available here) also replaces any previous updates to the PDS or supplementary PDS released prior to 1 January 2017 and incorporates those changes into the current document, and has also updated plan fees with the 2017 CPI increase.
