VELOCITYPET
Even if you don't need pet insurance, this could be a cheap way of buying 15,000 Velocity points for as little as ~$50.
To receive the 15,000 Velocity points, you need to take out any pet insurance policy with an annualised premium of $200 or more (after any discounts) and hold it for 90 days. Points are then awarded within 10 days. The PDS states that you can receive a pro rata refund if you cancel an annual policy early so after the refund the total cost of the 15,000 points should be about $50-55.
Alternatively, you can pay by monthly or fortnightly instalments but this is slightly more expensive than paying annually so it would work out to be around $60-70 for the 15,000 points.
Offer starts 12.01am AEST 30 August 2023 and ends 11.59pm AEDT on 29 February 2024 (Promotion Period). Available to new Medibank Pet Insurance customers who are a current member of the Velocity Frequent Flyer program (Velocity member). Offer not valid for Velocity members' existing Medibank Pet Insurance Policies, or those who have held Medibank Pet Insurance in the last 12 months. Must purchase a new, eligible policy during the Promotion Period with a minimum annualised premium of $200 (post any discounts being applied). Must use promo code VELOCITYPET and enter their valid Velocity member number at the time of taking out the policy during the Promotion Period. Must hold the same eligible product for 90 continuous days from the purchase date and the policy must be active, not suspended or in arrears for Velocity points to be awarded. Velocity membership, Points and redemption are subject to the Velocity member Terms and Conditions, as amended from time to time. Offer subject to the terms and conditions of the Medibank Pet Insurance policy.
If the eligibility criteria is met, Velocity Points will be issued based on the Medibank Pet Insurance cover level purchased during the Promotion Period listed as follows:
15,000 Points for Medibank Pet Protect Pet Insurance
15,000 Points for Medibank Pet Plus Pet Insurance
15,000 Points for Medibank Pet Max Pet Insurance
Please allow an additional 10 business days after the 90-day holding period for Velocity Points to be awarded. Not valid with any other pet insurance offer (including but not limited to the Medibank and ahm employee discounts), except for the following:
Velocity Members who take out two or more Medibank Pet Insurance policies are eligible for a 5% discount on the premium for their second policy and each subsequent policy (see full terms and conditions below for the multi-pet discount).
Velocity Members who currently hold a Medibank or ahm Health Insurance Policy are eligible for a 10% discount on Medibank Pet Insurance premiums. Those Medibank and ahm health members (who are also Velocity Members) who wish to activate this discount must provide accurate membership details: (a) at point of purchase for the discount to apply; or (b) prior to renewal for the discount to apply at renewal.
Medibank Pet Insurance reserves the right to withdraw, vary or extend this Offer at any time, without notice.
The TAL life insurance deal all over again