This was posted 5 years 10 months 23 days ago, and might be an out-dated deal.

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Up to 200,000 QFF Points for Signing up to a Life Insurance Policy @ QANTAS

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Up to 200,000 QFF Points for Signing up to a Life Insurance Policy @ QANTAS
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jrock93 on 03/06/2018 - 08:09 qantasassure.com (321 clicks)
Last edited 04/06/2018 - 00:12 by 2 other users

Upto 200k qantas points on offer.
Min. premium to get the points is $300 - need to be held for 8 months, spending $2400 (can be less as the income protection part is tax deductible- also depending on the income).

Minimum monthly premium in order to earn Qantas Points is $25. To earn the maximum 200,000 points, minimum monthly premium is $300. Points will be credited over 9 months, in 8 equal monthly instalments which will commence after the policy has been held for 60 continuous days. To receive each instalment of Qantas Points, the qualifying premium must remain the same and payments must be up to date. Not available to existing Qantas Assure Life Protect policyholders or those who have held a Qantas Assure Life Protect policy within the last 12 months. Offer ends 30 June 2018 but may be withdrawn or extended at any time.

Referral Links

Health Insurance: random (91)

5000 points for referrer and referee on select products. Details

Qantas Wellbeing App: random (497)

150 Points for the referrer (up to 20 times) and referee for signing up to the app.

Travel Income Protection Insurance Insurance Life Insurance Reward Points

Related Stores

Qantas Insurance
Qantas Insurance

closed Comments

  • solidussnake on 03/06/2018 - 08:16

    Paying for life insurance when most Super policys have it built in.. yeah nah

    • evgpek on 03/06/2018 - 08:51

      Is it cheaper to have life insurance in super?

      • haz on 03/06/2018 - 09:14

        Life insurance in super is funded from pre-tax income, so will generally cost less compared to paying for insurance in your personal name where premiums are paid from after tax income.

        • Flyinghigh on 03/06/2018 - 09:23
          +7

          Group insurance is not necessarily outright cheaper than retail products. One should take care in comparing the prices and terms and conditions. Buyer beware.

      • Agent Q on 03/06/2018 - 09:59
        +1

        It depends on age, amount of cover, premium structure (stepped vs level) and type of definitions. Different insurers will also offer terms differently based on your existing health, so they may apply exclusions or loadings. Not all insurances are created equal, and purchasing based on price alone is a false economy in the event that you are required to make a claim. Most retail insurances can be funded via your existing super through an ongoing rollover, however it depends on the fund.

    • Gandalf the Thrifty on 03/06/2018 - 10:01
      +3

      You pay in a super fund too. It comes out of your fund/contribution and is generally pretty low coverage unless you increase it and pay more.

    • asa79 on 03/06/2018 - 10:25
      +1

      You still paying for them via your super. Also the tax's that you didnt pay come out of the insurance when redrawn

      • Agent Q on 03/06/2018 - 10:46

        Life Cover - There is no tax on a death benefit for life insurance if paid to a tax dependant, whether the premium is funded inside or outside super.

        TPD - There is some tax paid on a TPD benefit if it has been funded via super. It is based on a formula which depends on age.

        Trauma - there is no tax on proceeds. Premiums are not tax deductible.

        Income protection - tax paid on the monthly benefit at marginal tax rates. Premiums are tax deductible.

  • Geryatric on 03/06/2018 - 08:17

    Depending on what you spend the points on the value it between 0.5c - 0.7c / point

    @ 0.5c = $1000
    @ 0.7c = $1400

    • jrock93 on 03/06/2018 - 08:23
      +1

      if u travel premium cabin—> business or first, the value can go up as high as 5-6 cpp..

      • ely on 03/06/2018 - 17:57
        +1

        True but misleading; unless you would have actually spent that much in real cash otherwise, it's not really worth that much. I do collect points, but won't spend more than a cent a point on them (and generally much less).

        • jrock93 on 03/06/2018 - 19:55
          +1

          With a little tweaking, it does come to xact 1.00 cpp for me
          claim tax portion for income protection part

        • ely on 04/06/2018 - 12:36

          @jrock93: Not too bad then!

  • Monger on 03/06/2018 - 08:33
    +2

    Forums?

  • engineeringprof on 03/06/2018 - 08:37
    +7

    Forum topic. And no not worth it. Going value is 1c per point so you come up $400 in the red. Better deal in the past when you got 100k points for only $60 or whatever it was

    • Hayesy22 on 03/06/2018 - 09:34
      +3

      so going by your maths you get 8 months of life insurance valued at $2,400 for $400. If someone was in the market for that sort of insurance coverage this seems like it might be a good deal.

      • jrock93 on 03/06/2018 - 09:59
        +1

        its a combo of life, total permanent and disability, trauma and income protection (apparently income protection is tax deductible).
        also the premium would depend on the income…
        I think its a good deal, but posted to c what other o'bargainers think about it.

  • Foxtail on 03/06/2018 - 09:08

    Does one have to sign up for a term or get the points and bolt?

    • jrock93 on 03/06/2018 - 09:15

      for 8 months u need to pay the premium.
      to get 200k points, the premium is 300 $, u can possibly deduct the income protection part, so the amount u have to pay in 8 months will depend on ur income minus the tax deductible portion of income protection insurance.
      max is 2400$ for 202,400 points = 1.18 cpp

  • 10101010101 on 03/06/2018 - 09:17
    -4

    These guys are scammers. Signed up last time with all my details and no response.

    • jrock93 on 03/06/2018 - 09:42
      +1

      Did u contact them as to y u didn't get the points ?
      Had the health insurance last yr. and got 100k points right on time..

  • smuggler on 03/06/2018 - 09:50
    +1

    arghh too much money

  • iforgotmysocks on 03/06/2018 - 09:57
    +4

    I'm never dying so don't need this.

  • King Steuart on 03/06/2018 - 10:20
    +1

    Good deal for ISIS.

  • pao2x on 03/06/2018 - 10:53

    So how can I see how many points the policy will earn?

    • jrock93 on 03/06/2018 - 11:11

      you go to the link, enter ur basic details and then it gives u a quote.
      if u want to get the full 200k points- the premium is 300$ per month- u just need to increase the amount for each of the 4 components, till u get to 300$ point per month mark.

      • King Steuart on 03/06/2018 - 11:56

        Imagine willing to bet $300 a month that you're gonna die soon

        • ely on 03/06/2018 - 17:58

          Hey, it's win/win; if you're dead, you've "won", but if you're alive… Well, you're alive, hard to complain about that!

        • King Steuart on 03/06/2018 - 18:04

          @ely: I can't argue with that logic.

  • joeiwu on 03/06/2018 - 11:40

    I thought it was previously only 60days before the points are posted?

    • ely on 03/06/2018 - 17:59

      That's their health insurance deals, this is life insurance. Health is a more competitive market.

      • joeiwu on 03/06/2018 - 18:19

        Ahh got it! Thanks for clarification :-)

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