Apple Watch, Fitbit and other wearables can save you money on your insurance premiums
What is AIA Vitality?
AIA Vitality is a program that encourages AIA members to live fitter and healthier lifestyles. AIA Vitality, launched in November 2013, offers its members the knowledge, motivation and tools to improve their health. Members are rewarded with discounts from commercial partners as they earn Vitality points as their health improves. Additionally, participation in the program can result in discounts on life insurance premiums. Currently, AIA offers savings when you submit workout data from:
- Polar. Save 35% on the RRP of a Polar Heart Rate Monitor or accessory when you buy it through the AIA Vitality site. Additionally, if you upload your workout data, you can earn up to 100 Vitality Points.
- Fitbug. Save 30% on the RRP of you Fitbug and earn up to 100 Vitality Points when you submit your workout data.
- Fitbit. Save 25% on the RRP of you Fitbit and upload your workout data to earn up to 100 Vitality Points.
Other devices you can earn points up to 100 Vitality Points include: Nike +, Garmin, miCoach and Suunto.
You can also download the AIA Vitality app to help track your progress. The app allows you to log your food, workouts, calorie budget and monitor your BMI and weight.
What do I get as a member?
|Allan Carr’s Easy Way to Stop Smoking Courses||30% discount|
|Anytime Fitness||$75 cash back per quarter|
|Aussie Farmers Direct||Up to 30% off|
|Dietician Association of Australia||30% off your initial consultation|
|Endota Spa||Up to 35% off|
|Fitbug||Up to 30% off|
|Hoyts||Movie tickets priced from $5-12.50|
|Myer||Members receive a $50 Myer gift card once they have earned 5000 Vitality points|
|Polar Fitness Devices||35% discount|
|Qantas||Up to a 35% discount off domestic and international fares|
|Step Into Life||40% discount|
|Virgin Active||25% off|
|Weight Watchers||30% discount|
AIA Premium Discounts
Membership of the AIA Vitality allows you to get discounts on your insurance premiums. You’ll be eligible an introductory discount of up to 7.5% off your first years' life, TPD or trauma premiums. As you progress, the discount for each subsequent year will vary depending on the status of your Vitality membership.
In order attain the top discount, which is capped at 20%, you must reach Platinum status.
There is an added cash back bonus, which is assessed every five years. This bonus may mean you are eligible to receive a refund of 2-10% of your annual premium.Back to top
Asteron Life Plus Health Rewards
What is Asteron Life Plus Health Rewards?
The Asteron Life Plus program can help you get discounts on your insurance premiums by tracking your health and wellbeing. Ways the Asteron Life Plus program tracks your progress include:
- Blood pressure
- Blood tests
- Body mass index (BMI)
- Cholesterol checks.
There are three simple steps in the Asteron Life Plus program that can help you take command of your personal health.
Step 1 – Q Score
Your Q Score measures where your health sits in an imaginary queue of 100 people. The closer to the front of the queue, the better your health. There are four sections your Q Score can fall into:
The Asteron Life Plus program will provide you with advice and the tools to help you improve and take control of your health.
Step 2 – Set goals
A health coach will work with you to set achievable health goals. These goals are determined by your Q Score and the targets give you a goal to work towards such as cutting down on drinking, quitting smoking or losing weight. Your coach will provide you with personalised advice to help you optimise your health.
Step 3 – Monitor progress
The Asteron Life Plus program can provide you with the tools to help you track and monitor your progress. Some of the areas tracked include:
Asteron Life Plus Health Rewards Discount
Once you have completed the program, you are eligible to receive a maximum discount of 20% off your insurance premiums.Back to top
Bupa Living Well
Living Well is a feature on some of the Bupa Extras plans and gives you additional benefits you can use towards the cost of health-related programs. The proviso is the these programs must be part of a health management strategy, which is addressing a specific health concern, and is recommended by a referring healthcare professional.
What types of things can I claim?
You may be able to claim for part of the costs of your:
What kind of member benefits can I get?
|AMF Bowling, Kingpin Bowling and M9 Laser Skirmish.||25% off|
|Australian NaturalCare||Receive up to 70% off vitamins when you purchase online|
|Blackmores||30% off when you purchase any Blackmores product online|
|Bupa Optical||20% discount off the usual retail price of the range of sunglasses displayed|
|Dreamworld, WhiteWater World, SkyPoint and SkyPoint Climb||15% off tickets when you purchase online|
|EFM Health Cubs||15% off monthly membership|
|Event Cinemas||25% off when you buy your movie tickets online|
|FitnessFirst||Save 5% on the current standard 12 month or flexible month to month membership fee|
|Goodlife Health Clubs||Get a 20% discount on a 12 month membership fee.|
|Guy Leech Fitness||Up to 20% off selected Guy Leech products.|
|Hoyts Cinema||25% off when you buy your movie tickets online|
|Illawarra Fly Treetop Adventures and Otway Fly Treetop Adventures||20% discount on the admission price|
|InEssence aroma therapy||25% off all full priced online purchases and free shipping for all orders over $150.|
|Movie World, Sea World and Wet'n'Wild||10% discount on admission for adults, children and pensioner passes when you buy online|
|National Pharmacies Optical||20% discount off the rrp on the range of sunglasses|
|OPSM, sunglasses hut and other partners||Up to 25% off optical products.|
|RedBalloon||30 off any RedBalloon experience when you spend over $129|
|Rydges||Up to 15% off Best Flexible Rates at Rydges Hotels and Resorts when you book online|
|Sydney SEA LIFE Aquarium, Melbourne Aquarium and Manly SEA LIFE||20% discount on the admission price|
|The Golden Door||15% discount on regular rates|
|UnderWater World Mooloolaba and WILD LIFE Hamilton Island||20% discount on the admission price|
|WeightWatchers||Get a special deal when you join Weight Watchers programs|
The Apple Watch’s actual health-related features include:
While Apple toyed with the idea of measuring other health data such as blood pressure, blood oxygenation, EKG and skin conductivity sensing, it was unable to work out the kinks and so these features will not be present in the first generation of the watch.
How can this data affect my insurance premiums?
The power is always in your hands. Or, more accurately in this case, on your wrist. Your general health has always had an impact on your insurance premiums and while you fitness may have been at one level at the time of underwriting, changes for the better may allow you to save money on you premiums. You can use the data from your fitness app as evidence to prove to your insurer that your fitness has improves and should be eligible for a reduction in your premium.
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Fitbit’s health features include:
- Activity tracking
- GPS tracking
- Heart rate tracking
How can a Fitbit help me save money?
The Fitbit can monitor the calories you burn, its built-in GPS tracking record the distance, elevation, pace, route and run time, and stores this data. Programs such as AIA Vitality will reward you for passing on this data with access to member discounts and other rewards like a reduction in your premium.Back to top
Fitbug’s health features include:
How can Fitbug help me save on my insurance?
Your Fitbug digital coach will help you stay on the right track and hit your fitness goals. This is achieved with expert advice, healthy recipes, virtual walking challenges and other features. Just like with the Fitbit, AIA and other insurers will provide you with discounts and benefits if you provide them with this data.
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Polar health features include:
- Calories Burned
- High-quality heart rate monitor
- Personalised features for age, height, etc.
- Training Summary
Can Polar save me money on my premiums too?
Yes. Just like the previous two products, health initiative with partners such as AIA provide members with discounts and other benefits if you are willing to provide them with the data from your app.