Terms & Conditions

How your cashback works

LifeDirect will give you a cashback on your first year's life insurance, mortgage repayment insurance or income protection insurance premium (“Eligible Policies”).

The following cashback options are currently available:

  • LifeDirect’s standard cashback of 20% of your annual premium charges; or
  • LifeDirect’s June 2018 Special Offer of $250 for Eligible Policies where the annual premium exceeds $800 (as further described in the Special Offer terms below).

When your policy starts we'll send you a lump sum equal to 20% of your first year’s premium, or (if you meet the Special Offer criteria) $250, whichever is greater. The cashback is paid on Eligible Policies only and is calculated on the first 12 months' premium, not in subsequent years. The cashback is paid to you by LifeDirect as a one-off lump sum and does not affect the regular premium you pay to your insurer.

Cashback conditions

To be eligible to receive a cashback, you must take out one of the Eligible Policies through LifeDirect.

No cashback is payable if:

  • You are taking out an additional policy, or replacing an existing policy started through LifeDirect.
  • You take out a policy through an independent financial adviser we have connected you with.

Also, if you are replacing an existing policy with a policy from the same insurer, LifeDirect will only pay a cashback on any increase in premium.

You must have an active policy when you claim your cashback and it must be claimed within six months of your policy commencing. If you cancel your policy, or it lapses through non-payment within twelve months of receiving the cashback, you must return the cashback in full to LifeDirect.

June 2018 Special Offer

The following Special Offer terms and conditions apply in respect of the June 2018 Special Offer (the “Special Offer”) and in addition to the standard cashback terms and conditions. The Special Offer runs from 1 June 2018 to 30 June 2018 (the “Promotional Period”). Applications must be received before the end of the Promotional Period, and Eligible Policies must commence by 31 July 2018 to receive a $250 cashback where the minimum annual premium payable for the policy is at least $800.

You may elect to receive the standard 20% cashback instead of $250, which may be preferable in circumstances where $20% of your annual premium exceeds $250. LifeDirect will automatically pay you whichever amount is greater to ensure you receive the best possible cashback.

LifeDirect may reduce or extend the Promotional Period at its sole discretion.

Prezzy card conditions

LifeDirect by Trade Me offers Prezzy cards to potential or existing customers from time to time (the “Promotion”). These terms govern our Promotion, in addition to any terms stated in electronic direct mails, display advertising or other marketing material.

  1. Eligible policies for the Promotion are life insurance, mortgage insurance, health insurance, funeral insurance or income protection insurance only purchased within the date range specified in the relevant marketing material (“Promotional Period”).
  2. To be automatically eligible to receive a Prezzy card you must:
    • have purchased and be the owner of the policy during the Promotional Period; and,
    • have an active policy at the time we post out your Prezzy card.
  3. One Prezzy card will be awarded per eligible policy, regardless of whether a policy is taken out singly or jointly.
  4. Prezzy card’s own terms and conditions apply. The card is not transferrable, exchangeable or redeemable for cash.
  5. To redeem your Prezzy card, email your policy number to prezzycard@lifedirect.co.nz. The Prezzy card will be posted to you within 7 working days of your email to us.
  6. LifeDirect reserves the right to change or withdraw this Promotion at any time without notice.
  7. By entering this promotion you accept these terms and conditions.
Cashbacks and other promotional offers

LifeDirect reserves the right to take action against you, including (without limitation) the use of collection services, to recover outstanding debts. You are liable for all expenses (including legal fees) that LifeDirect incurs when collecting that debt.