Qantas Insurance has been growing over recent years. Initially starting out as a Health and Life insurer Qantas Assure, they rebranded to become Qantas Insurance, and are now looking to add a suite of new products to their suite.
In October 2019, Qantas Insurance introduced Qantas Car Insurance to their line-up and in 2020 are expected to also add Home Insurance.
Guide to earning Qantas Points from Qantas Insurance
There are five Qantas Insurance products where you can earn Qantas Points:
- Health Insurance
- Life Insurance
- Income Protection
- Car Insurance
- Travel Insurance
In addition, you can earn Qantas Points by using the Qantas Wellbeing App.
Note: This guide should not be read as a recommendation of Qantas Insurance products. You should read their PDS in detail and assess whether the cover and associated costs are appropriate for your personal circumstances.
Health, Life & Income Protection Insurance
New members who take out a Health, Life or Income Protection Insurance policy through Qantas Insurance and hold it for nine months will receive the following bonus Qantas Points as shown below.
When you sign up to a Health or Life Insurance policy, you will earn 1 Qantas Point per dollar spent on your premium.
You can also earn points when using the Qantas Wellbeing App. There are annual caps that are applicable when using the App based on the type of Health or Life Insurance product that you hold.
Health Insurance Points Cap
The maximum number of points you can earn through the app with your Health Insurance product is based on the type of Hospital and Extras cover that you hold. These are shown below.
Life & Income Protection Insurance Points Cap
The maximum number of points you can earn through the app with your Life or Income Protection Insurance Product is based on your monthly premium, with the following applying:
- if the monthly premium is less than $160, 10,000 Qantas Points; or
- if the monthly premium is $160 or more, 20,000 Qantas Points.
Further information regarding points caps can be found here.
Qantas members will be able to earn Qantas points when they take out a Qantas Car Insurance policy, as well as complete various tasks that relate to their car insurance.
Qantas members will be able to earn up to 20,000 Qantas points upon signing up for Qantas Car Insurance before 20 December 2019.
You will then earn 1 Qantas point per dollar spent on your premium, with no cap on the number of points that can be earned.
A further 6,000 additional Qantas points can be earned when members complete various car safety challenges and are administered through the Qantas Wellbeing App. The challenges include checking tyre pressures, the safety of their brakes, and when they book their car in for a service.
Points can be earned on three types of products, which are:
- Comprehensive Cover
- Third Party Property, Fire and Theft
- Third Party Property only
The program currently covers individual member accounts only, however, Qantas has indicated that this could be expanded into Qantas Business Rewards at some future point.
The total number of Qantas Points that you can earn for each Travel Product (underwritten by QBE) is 5,000. You’ll earn an additional 1,000 points if you purchase an Annual Multi-Trip Policy but note that no points are earned on Cancellation or Baggage cover.
This is probably (but we don’t know for sure having not compared) the same set of Travel Insurance policies that were previously available from Qantas and QBE and rebranded under the Assure brand, and now under the Qantas Insurance brand.
The maximum number of points that can be earned with a Qantas Insurance Life product depends on the premium:
- if the monthly premium is less than $160, 10,000 points; or
- if the monthly premium is $160 or more, 20,000 points.
There are two types of one-off products available with Qantas Travel Insurance:
- International Comprehensive
- Australian Comprehensive
On both these products, you will earn 5 Qantas Points per dollar spent on your premium.
In addition, the following annual cover is also available:
- Annual Multi-Trip cover
This cover will earn you 1 Qantas Point per dollar spent on your premium
Qantas Wellness App
The Qantas Wellbeing App is a great way to earn Qantas Points through your everyday activities.
All Qantas Members are offered a 28-Day Trial when they download the app, which allows them to earn up to 1,500 Qantas Points without having to purchase an eligible Qantas Insurance Product.
Once the 28-Day Trial Period Qantas Frequent Flyer members who do not purchase an Eligible Qantas Insurance Product will earn Qantas Points at a reduced rate each month by completing activities through the App.
The reduced rate is one-tenth of the normal earn rate. For example, a member holding a Qantas Insurance Product and who completes their daily challenge may earn 19 Qantas Points, while another member who doesn’t hold any Qantas Insurance Product will earn 1.9 Qantas Points for completing the same task.
There are a number of ways you can earn points through the Wellness App, which include:
- Completing daily and weekly challenges
- Competing against up to two other family or friends (or any Qantas Wellbeing App user for that matter) in a weekly Friends Step Challenge
- Inviting friends to become Qantas Wellbeing App users (150 Qantas Points per successful friend request up to 3,000 Qantas Points per year)
- Completing Master of Rings Challenge for Apple Watch users
- Checking-in at Snap Fitness
Over a number of years, Qantas has steadily been venturing outside their traditional airline industry to enter into new markets via their Qantas Loyalty division.
The Insurance Industry is one that they have clearly focused on during this time, with their Qantas Insurance arm now offering a wide range of products. The major missing link to date, being Home Insurance, is set to be filled in 2020.
The ability for Qantas members to earn points on these products is welcome, and so is the innovation that Qantas is providing the market through the likes of the Qantas App. And it is good to see that Qantas Points can be earned by all members, Qantas Insurance holders or not, albeit in very small quantities. The more incentives we are provided to exercise, the better.
As always, make sure to shop around and compare premiums before deciding to take out cover, and never let Qantas Points be your sole decision driver. But if their products stack up for your personal situation, then the Qantas Points become the icing on the cake.