Sovereign Insurance are offering 3x Airpoints Dollars on the premiums paid on a range of insurance policies until 30 April.
Existing customers are also eligible to take part in this promotion, and can earn 3x Airpoints Dollars on premiums paid until 30 April, from the date their Airpoints details are added to the policy.
New customers will earn 3x Airpoints Dollars on premiums paid for 3 months from first premium payment.
You will earn 3 Airpoints Dollars for every $100 of premium paid to Sovereign during the Promotion Period, including on fees and GST paid.
A full list of eligible insurance products can be found here, along with other terms and conditions.
Earning Airpoints Dollars with Sovereign Insurance
Sovereign Insurance offer a range of life, health and income insurances for individuals and businesses.
There are at least 26 Sovereign Insurance products that you can earn Airpoints Dollars on, the full list can be found here. It may have been easier for Sovereign to list those products that you cannot earn Airpoints on!
Note that nothing in this guide should be read as a recommendation for Sovereign’s products. You should read their terms in detail and assess whether the cover and associated costs are appropriate for your personal circumstances.
Our commentary is around the ability to earn Airpoints Dollars on their products. It is not easy to make general comments on whether Sovereign Insurance have good insurance policies, so that’s not an area we’ll be touching on.
How do I earn?
New and existing customers can register their Airpoints membership number with Sovereign by:
- including it on the application form when you apply for one or more of their products; or
- calling them on 0800 500 108; or
- providing it to your insurance adviser to register on your behalf.
How much will I earn?
Sovereign Insurance will give you 1 Airpoints Dollar, or part thereof, for every $100 of premium paid, not including levies, taxes, and fees.
This is an effective 1% return on the cost of your premium, on the basis of 1 Airpoints Dollar being equal to $1 NZD when put towards flights with Air New Zealand. You can obviously get much better return from your Airpoints Dollars on Star Alliance redemptions.
Your Airpoints earn should hit your account within 30 days of your bills being paid.
Obviously with something as important as insurance, you shouldn’t consider selecting an insurer or changing to a new one just for a few Airpoints Dollars – the coverage needs to be right for you.
Other insurers that allow you to earn points include:
However, if you were already thinking of subscribing to a Sovereign Insurance policy, or you’re an existing policyholder, it’s a no-brainer that you should earn Airpoints Dollars on your policy spend.
Sovereign accept Visa and Mastercard with no transaction fees, which provides a good opportunity to double dip and earn points through card spend too.
The highest earning Airpoints card currently available is the Westpac Airpoints World Mastercard, where you’ll earn 1 Airpoints Dollar for every $65 spent.