Insurance Watch is an online life insurance broker comparing 10 of Australia's top life insurance companies.
To be eligible for the cashback offer you need to apply on the Insurance Watch website before 30th June 2020 for a new policy for:
- Life insurance (with or without TPD insurance), or
- Trauma insurance, or
- Income Protection
The 20%* Insurance Watch Reward offers a refund of 10% of the premiums paid in the first two years of your policy.
The offer applies to all paper, online and tele-underwriting applications and regardless of whether you choose to pay your premiums annually or monthly.
How does the cashback work?
You pay the premium quoted to the insurance company
30 days before the end of the first and second year of your policy Insurance Watch will contact you to confirm your bank account details for the payment of the refund.
Within 30 days of your first and second policy anniversary you will receive a refund of 10% of the premium you have paid in the previous 12 months.
What are the conditions?
To ensure that the quote and application paperwork remains valid you will need to complete and return the required paperwork to Insurance Watch within 14 days.
The 10% refund will only be paid in the first and second year of the policy. No refunds will apply in later years.
If your policy lapses due to non payment of premium or you cancel your policy for whatever reason within the first or second year then the refund for that year will not be payable. Your policy must be in force and remain fully paid up to the renewal date.
The offer applies only to policies taken out with a new insurer. The offer does not apply where the policy being taken out is replacing an existing policy with the same insurer or where you are making changes to an existing policy.
Full conditions can be found on the website at: https://www.insurancewatch.com.au/life-insurance.html
So why not just off 10% off for 2yrs up front?
How does the 20% come into play? Don't tell me you're not saying 10% + 10% = 20%?