"the Policyholder must remain on an Eligible Product for 60 days and be paid up to date as at the time of the Offer being redeemed"
NIB Health Insurance Combined Hospital and Extras Cover - Virtual Visa eGift Card ($150 Singles / $300 Couples or Families)
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NIB is also one of the worst private health insurance companies BUT usually their sign up bonuses make it worth it for the short-term.
Sign up, stay long enough for the bonus, use up your extras and then switch to a cheaper insurer.
You can even just switch to hospital only because for most people extras aren't worth it.
Do the math yourself though as it's different for everyone.
T&C: the Eligible Customer must not be a current policyholder of a product issued by nib (including Qantas Insurance, Suncorp, AAMI, Apia, International Workers or Overseas Students products) at the time of joining the Eligible Product, or have joined and cancelled an Eligible Product 6 months before or during the Offer Period; and;