The 20% Insurance Watch Reward entitles you to a 10% refund of your premiums in the first and second years of your policy.
To qualify you only need to use the Insurance Watch website to apply for a new:
. Life insurance policy (with or without TPD insurance)
. Trauma insurance policy, or
. Income Protection insurance policy
Insurance Watch compares 10 of Australia's top life insurance companies to help you find a great deal on your insurance.
Pretty sure it used to be 20% up front. By the time the second year comes round, premiums will be up by 16% anyway … That was my experience anyway.