Qantas is currently offering up to 30,000 frequent flyer points to new Qantas Assure life insurance customers!
New customers can earn 10,000 points for taking out a single insurance policy, or 30,000 points for two policies. These points will be credited after 60 days, and the policy may be cancelled at any time. So to earn the bonus points, you’ll just need to pay any premiums incurred in the first 60 days, or until the points arrive in your account.
There is a 30-day cooling-off period and, provided you have not made a claim, you will receive a full refund if you cancel the policy during this time – although you won’t receive any points.
The cost of each policy does vary depending on your age, occupation and a range of other factors. Numerous members have been able to sign up to two policies for less than $10/month in total, meaning they’ll pay less than $30 in total for the 30,000 points (if they cancel within the first 3 months). However, getting a premium this low requires the removal of most extras from the cover. And some members’ premiums are higher than $10/month, even with extras excluded… so as they say, “your mileage may vary”.
Many members have already taken advantage of this promotion. If you do decide to sign up, you should make a decision whether you’re in it for the bonus points or the insurance cover. Some members have signed up purely for the points, selecting the bare minimum cover options. But you should not do this if you actually need life insurance, as the minimum cover may not provide adequate protection.
If you’re in the market for life insurance anyway, the prospect of bonus Qantas points is appealing. But it’s important to shop around and compare other policies’ prices and levels of cover. We don’t recommend taking out a particular insurance policy just for the points.
This offer ends on 17 March, 2017 (that’s tomorrow!), so you’ll need to get in quick.
Join the discussion HERE.