American Express: Life Insurance Benefits And Coverage Details

American Express offers life insurance to its US-based employees and their spouses. The company provides standard life insurance plans that are good but not portable after an employee leaves. The plans are available at an additional cost and are considered average compared to the market standard.

American Express offers life insurance to US-based employees and their spouses

American Express offers life insurance to its US-based employees and their spouses. This is a standard benefit for full-time workers, and the company covers the cost up to a certain amount. Employees can also choose to purchase additional coverage.

The life insurance offering is rated highly by American Express employees, with reviews describing it as "good" and "on par with the market standard". However, it is important to note that these plans are not portable, meaning that if an employee leaves the company, they will lose their coverage.

In addition to life insurance, American Express provides several other benefits to its US-based employees, including health savings accounts, disability insurance, accidental death and dismemberment insurance, supplemental life insurance, and flexible spending accounts.

American Express offers term life insurance solutions from Future Generali India and PNB MetLife India

The Future Generali India term life insurance plan offers high coverage of up to Rs 5 Crores and provides a life cover until the age of 85. It also eliminates the need for medical tests for sums assured up to Rs.1.5 Crore for individuals aged 40 and below.

On the other hand, the PNB MetLife India term life insurance plan provides a life cover until the age of 99 and offers high coverage of up to Rs. 5 Crores. It also waives off medical tests for sums assured up to Rs.2 Crore for individuals aged 40 and below.

Both plans offer dedicated servicing and claims helplines to assist customers. American Express also provides additional benefits, such as single trip insurance, multi-trip insurance, personal accident insurance, and critical illness insurance.

It is important to note that the availability of these insurance options and their specific benefits may vary based on your location and eligibility criteria. Be sure to review the terms and conditions provided by American Express to understand the coverage limits, exclusions, and requirements that apply.

American Express cards offer trip cancellation and interruption insurance

Trip Cancellation and Interruption Insurance Coverage

The coverage maximum for reimbursement is $10,000 per trip and $20,000 per 12-month period. To be covered for trip cancellation, you must pay for the full amount of the trip with your eligible American Express card or a combination of your card and other certificates, vouchers, or miles. Covered circumstances for trip cancellation include accidental injury, sickness, or loss of life of the traveller, travelling companion, or family member; inclement weather; change in military orders; hijacking or terrorist acts; jury duty or subpoena; if your dwelling becomes uninhabitable; and quarantine imposed by a doctor.

Eligible Cards

The following American Express cards offer trip cancellation and interruption coverage:

• The Platinum Card® from American Express
• Delta SkyMiles® Reserve American Express Card
• Hilton Honors American Express Aspire Card
• Marriott Bonvoy Brilliant™ American Express® Card
• The American Express Platinum Card® for Schwab
• The Business Platinum Card® from American Express
• Centurion® Card from American Express
• Business Centurion® Card from American Express
• The Corporate Centurion® Card from American Express
• The Platinum Card® from American Express for Ameriprise Financial
• The Platinum Card® from American Express for Goldman Sachs
• The Platinum Card® from American Express for Morgan Stanley
• Corporate Platinum Card®
• Delta SkyMiles® Reserve Business American Express Card

How to File a Claim

To file a claim for reimbursement, you must notify your benefits administrator within 60 days of the covered loss. You can do this by calling 844-933-0648. You will also need to complete the cancellation procedures for your travel provider and furnish written proof of your loss within 180 days of its occurrence. This may include copies of your common carrier and travel supplier receipts, your card statement showing payment for the trip, a copy of the travel supplier's cancellation policy, and proof of your covered loss.

American Express cards offer trip delay insurance

American Express offers trip delay insurance on many of its cards, which can provide peace of mind when travelling. This benefit will reimburse you for reasonable, additional expenses incurred if your trip is delayed by a certain number of hours. Covered expenses include meals, lodging, toiletries, medication and other charges deemed appropriate by American Express. Acceptable causes of delay include weather, terrorist actions, carrier equipment failure, or lost/stolen passports or travel documents. Intentional acts by the traveller are not covered.

There are two levels of coverage, depending on the card you hold. Level 1, offered on higher-end cards, provides reimbursement of up to $500 for covered trips delayed by more than 6 hours, with a maximum of 2 claims per eligible card per 12-month period. Level 2, offered on mid-tier cards, provides reimbursement of up to $300 for covered trips delayed by more than 12 hours, with a maximum of 2 claims per 12-month period.

The following American Express cards offer trip delay insurance at Level 1:

• The Centurion® Card
• The Business Centurion® Card
• The Platinum Card®
• The Platinum Card® for Schwab
• The Platinum Card® for Goldman Sachs
• The Platinum Card® for Morgan Stanley
• The Platinum Corporate Card
• The Business Platinum Card®
• Delta SkyMiles® Reserve Card
• Delta SkyMiles® Reserve Business Card
• Hilton Honors American Express Aspire Card
• Marriott Bonvoy Brilliant® Card
• The American Express Corporate Platinum Card®

The following American Express cards offer trip delay insurance at Level 2:

• American Express® Gold Card
• American Express® Green Card
• American Express® Business Gold Card
• Delta SkyMiles® Platinum Card
• Delta SkyMiles® Platinum Business Card
• Marriott Bonvoy Bevy™ Card

It is important to note that eligibility and benefit levels can vary by card, and terms, conditions and limitations apply. Be sure to review the specific details of your card's benefits guide to understand the coverage provided by your American Express card.

American Express cards offer car rental loss and damage insurance

American Express offers car rental loss and damage insurance for many of its cards, including the Platinum Card, the Gold Card, the Green Card, the Blue Cash Everyday Card, the Blue Cash Preferred Card, the Amex EveryDay Credit Card, the Amex EveryDay Preferred Credit Card, the Blue Delta SkyMiles Credit Card, the Gold Delta SkyMiles Credit Card, the Platinum Delta SkyMiles Credit Card, the Delta SkyMiles Reserve Credit Card, the Hilton Honors American Express Card, the Hilton Honors American Express Surpass Card, the Hilton Honors American Express Aspire Card, the Blue from American Express Card, the Marriott Bonvoy Brilliant American Express Card, the Hilton Honors American Express Business Card, the American Express Business Gold Card, the Business Platinum Card, the Blue Business Plus Credit Card, the Marriott Bonvoy Business American Express Card, the Platinum Delta SkyMiles Business Credit Card, the Amazon Business American Express Card, the Amazon Business Prime American Express Card, the Gold Delta SkyMiles Business Credit Card from American Express, the SimplyCash Plus Business Credit Card, the Delta SkyMiles Reserve for Business Credit Card, the Business Green Rewards Card, the Lowe's Business Rewards Card for American Express, the Platinum Card from American Express Exclusively for Charles Schwab, the Marriott Bonvoy Bevy American Express Card, the Platinum Card from American Express for Goldman Sachs, the Platinum Card from American Express Exclusively for Morgan Stanley, the American Express Gold Card, the American Express Classic Gold Card, the American Express Senior Gold Card, the American Express Business Green Card, the American Express Senior Green Card, the Business Centurion Card from American Express, the American Express Business Purchase Account, the Zync from American Express, the Blue for Business Credit Card, the Delta SkyMiles Credit Card, the Marriott Bonvoy American Express Card, the Schwab Investor Card from American Express, the Morgan Stanley Credit Card from American Express, the Blue Cash from American Express, the Morgan Stanley Blue Cash Preferred American Express Card, the Blue Sky from American Express, the American Express Cash Rebate Credit Card, the Optima Platinum Card, the Business Gold Rewards Card, the Business Green Rewards Card, the SimplyCash Business Card, the American Express Executive Business Card, the American Express Blue Business Cash, the One from American Express, and the Centurion Card from American Express.

The Amex Gold Card Car Rental Loss and Damage Insurance offers secondary car rental insurance or collision damage waiver (CDW), which means it doesn't include liability coverage. Secondary car rental insurance covers damage from an accident or theft on the renter's car after claiming your personal car insurance. This is different from primary car rental insurance, which covers damage from an accident or theft before claiming your personal car insurance. If you damage another car in an accident or injure other people, you may be liable, so it's important to have liability insurance.

The Amex Gold Card Car Rental Loss and Damage Insurance covers up to $50,000 per rental agreement for damage or theft of the covered vehicle in the covered territory. The covered vehicle must be rented in a covered territory and certain vehicles such as vans, motorcycles, and limousines are not covered. Rentals in Australia, Italy, or New Zealand are also not covered.

To activate the Amex Gold rental car insurance coverage, use the card to book and pay for the entire car rental, then decline the collision damage waiver or similar coverage at the rental counter. Once you sign the rental agreement, your secondary insurance coverage is activated.

If your rental car is damaged or stolen, you can file a claim through the American Express claims center online or by calling 1-800-338-1670. You will need to provide copies of your rental car agreement, insurance information, repair bills, and police reports. The claim review usually takes around 45 days, and you can check the status online or by calling the number above. If your claim is approved, reimbursement for eligible expenses will appear on your card.

Frequently asked questions