[AGL Rewards] Up to 10 Weeks Free Hospital & Extras Health Insurance Cover for New Members @ nib

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Go to Deal

financialminimalism on 20/09/2024 - 10:57 cloud.au.nib.com.au (213 clicks)
Last edited 20/09/2024 - 11:03 by 1 other user

For all you health insurance churners out there, this deal seems like a candidate. Deal was via AGL Rewards, the terms say it is only available to AGL rewards customers, but unclear how it is restricted to others applying. Also get 4% off premiums when paying by direct debit.

Terms:
Offer ends 30 September.
New Australian resident members only.
Offer fulfilled in month 3 & 7 of membership. Eligible products only.
Full T&Cs: https://www.nib.com.au/docs/agl-offer-terms-and-conditions-s…

The Offer consists of adjusting the “paid to” date on the Eligible Member’s policyto reflect the reduction off the premium payable for an amount equating to 10weeks of the annual premium. The 10 weeks off will be fulfilled over two instalments. The first 5 weeks will be fulfilled in approximately month 3 of the membership (60 – 90 days after joining nib), being on 27 November 2024 and the second 5 weeks will be fulfilled in approximately month 7 of the membership (180 – 210 days after joining nib), being 26 March 2025

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  JoeyJoeJoe on 20/09/2024 - 11:09

  +2

  Yeah nah. I’m bathing in GMHBA freeloading goodness for the next 2 months.

  • 

    financialminimalism on 20/09/2024 - 17:38

    Me too… 3 months you mean.

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  YesPleaseThankYou on 20/09/2024 - 11:13

  +2

  In years of churning and careful analysis, my view is that NIB offers are never worth it, as they require holding the policy for too long before gaining the promotional benefit.

  One of the best deals to look out for is the 'pay one month, get 6 weeks free' arrangement. NIB never offers this.

  Would not recommend this 'deal'.

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    YesPleaseThankYou on 20/09/2024 - 11:14

    The only thing I would add to the above, is that many seem churn to NIB for Qantas Frequent Flyer (QFF) points—great if you perceive that as good value. I do not.

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      realaccount627465746 on 20/09/2024 - 15:57

      qantas health is issued by nib but you don't get qantas points by churning to nib themselves

  • 

    lknight on 21/09/2024 - 06:35

    does this analysis also apply to extras only policy? i find their 100% back on dental a good value.

    • 

      YesPleaseThankYou on 21/09/2024 - 11:24

      Nothing is truly 100% - what are the rules around it? Many funds seem to cover two annual dental check-ups, if that's what you're referring to

      A couple of things to note:

      • My aim is to save money on PHI - by far, the best way to do that is to churn.
      • The promos almost always require joining with Hospital and Extras cover, so I never look at the Extras only.

      To keep the time cost of churn low, where possible, I always churn to Gold Hospital and Top Extras (except where the fund doesn't offer Gold, which has started to happen with some of the funds).

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      realaccount627465746 on 21/09/2024 - 14:44

      you can have hospital and extras with different companies. you can even have extra with multiple companies (but you can't double dip claims). you can't have multiple hospital policies

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  vpn14 on 26/09/2024 - 15:58

  +1

  Get 8 weeks free when you directly join through nib.com.au Plus, skip the 2 and 6 month wait on Extras.
  8 weeks free applies on 27th Nov if you join by 30th Sep.