Money Hack: Getting more from your life insurance with Velocity

Richard Laycock 16 September 2017 NEWS


Enjoy 25,000 Velocity Points when you get life or income protection insurance with Virgin.

Let's face it, you don't want life insurance. No one does. The problem is it's not for you, it's for your family. And while you may not want to get cover, your family may thank you for it later.

But, where's your thanks now?

Well, to take the sting out of having to buy life or income protection insurance, Virgin Money is offering new and eligible customers something to sweeten the deal ...

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The hack

If you want to get more from your life or income protection policy, Virgin Money is offering new members 25,000 Velocity Points!

What's the catch, you ask?

The offer is available from 1 September to 31 October 2017 to new members who take out a policy with a minimum monthly premium of $80.

Product details Maximum cover Maximum Entry Age Cooling-off
Virgin Money Tailored Life Insurance
Virgin Money Tailored Life Insurance
Choice of cover options and flexible premiums to suit your budget. No lock-in contracts and fast application. $1,500,000 65 30 Get quoteMore info
Virgin Income Protection
Virgin Income Protection
Cover up to 85% of your Income (up to $10,000 per month) if you can’t work due to sickness or injury. Cover for 1,000 job types - full-time, part-time and self-employed. $10,000 60 30 Get quoteMore info
Virgin Income Protection with Unemployment Cover
Virgin Income Protection with Unemployment Cover
Option to receive up to $3,000 per month for 3 months in unemployment cover (Up to $10,000 for other claims). Income Protection issued by TAL Life Limited. St Andrew's Insurance (Australia) Pty Ltd issues the Unemployment Cover. $3,000 60 30 Get quoteMore info

While you're looking at insurance with Virgin, and if you're in need of home or car insurance, have a look at the Virgin Home and Contents Insurance Price Saver and Car Insurance Price Saver policies.

If you take out combined home and contents or comprehensive car insurance before 31 October 2017 with Virgin, you could earn 10,000 bonus Velocity Points.

The better news is that Velocity members can earn points on a range of other insurance products outside the Virgin Money brand.

If you take out selected private health insurance policies with Bupa, you can earn up to 27,500 Velocity Points as a single or up to 70,000 Velocity Points for a family.

Velocity members can also earn three Velocity Points per $1 spent on travel insurance policies with Cover-More and on pet insurance policies with

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