Terms and Conditions: The Co-operative Bank $150 cash back offer for new home and contents insurance policies.

For a limited time, we are offering $150 cash back for any new Home, Contents, Landlord’s Home or Landlord’s Contents insurance policies taken out with The Co-operative Bank Limited (“The Co-operative Bank”) (underwritten by IAG New Zealand Limited (“IAG”)) (the “Offer”).

  1. Campaign period

    2. This Offer is available from 27 October 2026 to 30 November 2026 (the “Campaign Period”), unless withdrawn earlier by The Co-operative Bank and is subject to these terms and conditions.

  2. Eligible Insurance Policy

    3. The Offer is only available to eligible policies as follows (“Eligible Insurance Policy”):

    Included:

    • Any new The Co-operative Bank Home, Contents, Landlord’s Home and/or Landlord’s Contents insurance policies taken out during the Campaign Period.

    Excluded:

    • Life, Boat, Caravan and Motorhome, Motorcycle, Trailer, Travel, Car or Business insurance policies underwritten by IAG;
    • Any insurance policy underwritten by IAG that is a renewal, extension, replacement, amendment, rekey or reinstatement of an existing or prior insurance policy;
    • Any insurance policies held by non-individuals (e.g. companies, trusts, partnerships or other entities); and
    • Any other type of insurance policy.

  3. Eligibility

    To qualify for the Offer you must:

    1. Be an individual or joint account holder with The Co-operative Bank and have a valid transactional account with The Co-operative Bank for the Offer cash to be deposited into;
    2. Take out an Eligible Insurance Policy during the Campaign Period;
    3. Be the primary policy holder on the Eligible Insurance Policy;
    4. Have paid (and IAG must have received), the first premium due under the Eligible Insurance Policy;
    5. Have had the Eligible Insurance Policy in place for a minimum period of 31 days during which period the relevant policy must be current (i.e. has not become void, been cancelled or subject to notice to IAG of cancellation); and
    6. Ensure your customer number with The Co-operative Bank is noted on the Eligible Insurance Policy.

    4. If each of the above criteria have been satisfied you will qualify for the Offer (“Qualifying Policyholder”).

  4. Offer limit

    5. The $150 cash back payment under the Offer is available up to a maximum amount of $600 per customer or a total of four Eligible Insurance Policies.

  5. Payment of cash under the Offer

    If you are a Qualifying Policyholder then:

    1. The $150 will be paid once per Eligible Insurance Policy to your transactional account with The Co-operative Bank.
    2. Where the Eligible Insurance Policy has multiple policy owners, the $150 will be paid to the primary policy holder (as shown on the schedule to the Eligible Insurance Policy).
    3. The Co-operative Bank will make reasonable endeavours to make the $150 payment within 30 days of the date you became a Qualifying Policyholder.

  6. Additional terms

    1. This Offer is run by The Co-operative Bank Limited, with its head office at Level 2, PwC Centre, 10 Waterloo Quay, Pipitea, Wellington, 6011.
    2. The Co-operative Bank, in its sole discretion, may determine whether you are eligible for the Offer, and can disqualify you at any time for being fraudulent, dishonest or misleading or otherwise acting outside these terms and conditions.
    3. This Offer does not constitute financial or other professional advice.
    4. Neither The Co-operative Bank or IAG or any of their related companies, are liable for any direct or indirect loss or damage resulting from this Offer.
    5. Employees of The Co-operative Bank who are also customers are eligible for this Offer.
    6. Privacy: The Co-operative Bank and IAG may collect, store, share and use your information in relation to this Offer and for future promotional and publicity purposes. You have rights of access to, and correction of, personal information held. Your information will be held by The Co-operative Bank, Level 2, PwC Centre, 10 Waterloo Quay, Pipitea, Wellington 6011 and IAG, NZI Centre, 1 Fanshawe Street, Auckland 1010, New Zealand. See The Co-operative Bank’s Privacy Policy and IAG’s Privacy Policy for more information on our privacy practices.
    7. The Co-operative Bank reserves the right to vary, suspend or terminate this Offer and these terms and conditions at any time and without notice.
    8. To the extent permitted by law, The Co-operative Bank and IAG, and their employees and agents shall not be liable for any claims, damages, injuries, costs and expenses suffered, sustained or incurred (including but not limited to indirect or consequential) as a result of, arising out of, or in any way connected with this Offer.
    9. Terms, conditions, and exclusions apply to insurance cover. For more details, refer to the policy documents which are available from The Co-operative Bank.
    10. The availability of insurance cover is subject to approval of a completed application. Terms, conditions, and exclusions do apply. IAG provides and underwrites certain general insurance policies to customers who are referred to IAG by The Co-operative Bank. If you purchase one of these insurance policies following a referral by The Co-operative Bank, IAG may pay The Co-operative Bank commissions and other fees. The Co-operative Bank does not underwrite these insurance policies, is not an agent of IAG, and does not guarantee the obligations of IAG or any of its related entities. Full details of cover and a copy of policy documents are available on our website.