Terms and Conditions - IAG $50 cash back insurance renewal

For a limited time, we are offering a maximum of $50 cash back per Customer that holds a Home, Contents, Car or Landlord’s insurance policy renewed with The Co-operative Bank (underwritten by IAG) (Eligible Policy).

To be eligible for the cash back, the Customer must hold an Eligible Policy that has been in place prior to 16 July 2025 with The Co-operative Bank (underwritten by IAG) that is renewed between 10 June 2026 and 9 June 2027 (the “Campaign Period”).

  1. This campaign is run by The Co-operative Bank Limited, with its head office at Level 2, PwC Centre, 10 Waterloo Quay, Pipitea, Wellington, 6011.
  2. Information on eligibility criteria, payments, distribution and use of data form part of these terms and conditions.
  3. To be eligible for the $50 cash back:
    1. A Customer must hold a valid Co-operative Bank transactional account for the cash back to be deposited into.
    2. A Customer must hold an existing Home, Contents, Car or Landlord’s insurance policy with The Co-operative Bank (underwritten by IAG) that has been in place prior to 16 July 2025 and that is renewed between 10 June 2026 and 9 June 2027 (“Eligible Policy”),
    3. the first payment of the premium for the Eligible Policy has been made by the due date as specified in the policy documents for the Eligible Policy, and
    4. the Eligible Policy is current at the time the cash back is paid. An Eligible Policy will not be current where it:
      1. has been cancelled,
      2. becomes void, or
      3. where The Co-operative Bank has received notice to cancel the relevant policy.
  4. There is a maximum of one $50 cash back available per Customer during the Campaign Period, regardless of the number of Eligible Policies held.
  5. A Customer is defined as the Primary Named Insured for the first Eligible Policy renewed during the Campaign Period. Other named insureds are not eligible to receive the cashback. Subsequent renewals of additional policies by the same Customer will not qualify for additional cash back payments.
  6. New insurance policies taken out during the campaign period do not qualify for the cash back offer.
  7. Payment of the cash back will be made:
    1. If the customer pays their annual premium in full up front, within three months of the first year's premium being paid in full;
    2. If the customer pays their annual premium in instalments, within three months of the initial premium instalment being paid.
  8. If the first year's annual premium (if paid in full), or initial annual premium instalment (if paid in instalments), is not paid, no cash back will be paid to you.
  9. Payment to the Customer will be made at Co-operative Bank’s discretion into a qualifying Co-operative Bank account (including a joint account) of the Customer.

    10. General

  10. The Co-operative Bank collects, holds, uses and shares your personal information for the purpose of administering the offer and providing you with information about The Co-operative Bank’s products and services in accordance with its privacy statement. You have rights of access to, and correction of, personal information held by The Co-operative Bank.
  11. 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.
  12. To the extent permitted by law, The Co-operative Bank, its 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.

Terms, conditions, and exclusions apply to insurance cover. For more details, refer to the policy documents which are available from The Co-operative Bank. This insurance is underwritten by IAG New Zealand Limited (IAG).

The availability of any insurance cover is subject to our insurance criteria, IAG’s insurance underwriting criteria, and your application for insurance being approved.

Terms, conditions, exclusions and fees may apply.