Existing BNZ customer IAG Home Insurance policy holders Prize Draw

Terms and Conditions 

1. Introduction

This is a prize draw to win one of three prizes of 100,000 BNZ Points each (the Promotion).

We, Bank of New Zealand (BNZ) and IAG New Zealand Limited (IAG), are the promoters and BNZ together with Ascenda Loyalty Pte. Ltd are the prize providers. Please contact us with any queries.

You agree to these terms with us by entering the Promotion. New Zealand law applies. 

2. Prize draw entry eligibility 

Entry to the Prize Draw is automatic and no action is required. To be eligible for entry and to receive any prize, you must satisfy all of the following criteria at 11:59pm on the entry date of 23 September 2026 (the “Entry Date”), and the date BNZ Points are allocated:

1. be an individual residing in New Zealand and aged 18 years or older;
2. be named as the primary policyholder on an Eligible IAG Home Insurance Policy;
3. hold an Eligible IAG Home Insurance Policy that is current – a policy will not be current where it: (a) has been cancelled; (b) has become void; or (c) is subject to a notice of cancellation received by IAG or BNZ;
4. be a member of the BNZ Rewards Programme (that is, you must not have opted out of the BNZ Rewards Programme); and
5. if you have previously opted out of the BNZ Rewards Programme, have opted back in before the Entry Date.

Subject to meeting the above criteria, you will receive one entry for each Eligible IAG Home Insurance Policy you hold at the Entry Date.

An ‘Eligible IAG Home Insurance Policy’ is:

• An existing BNZ-branded Home, Home and Contents, Landlord’s Home, or Landlord’s Home and Contents or PremierCare Home insurance policy underwritten by IAG New Zealand Limited (IAG), that is:
  
  • current and for which all premiums are up to date on the Promotion's Entry Date, and
  • not eligible under the “BNZ Rewards Campaign for New Home Insurance policies”
• Further exclusions:
  • Contents only or Landlord’s Contents only policies, PremierCare contents, PremierCare Car, PremierCare Pleasurecraft, Life, Boat, Caravan and Motorhome, Motorcycle, Trailer, Travel, Car or BusinessFirst Insurance
  • policies held by non-individuals (e.g. companies, trusts, partnerships or other entities)
  • any BNZ commercial or rural insurance policies;
  • any other insurance policies subject to a referral arrangement through BNZ, including any insurance policies that are BNZ branded but not underwritten by IAG.

3. Selecting the Winners

BNZ will randomly select then contact the winners within one week of the Promotion’s Entry Date.

The winners will be allocated their prize of BNZ Points within two weeks of being notified.  Winners are only eligible to win one prize. If the same winner is drawn more than once, BNZ will redraw another winner immediately using the above process.  

Once accepted, the BNZ Points will be automatically credited to the winners’ BNZ Rewards balance and will appear within the customers’ BNZ Rewards portal as a ‘Bonus Points’ transaction reference. If the winner is a joint policy holder, the BNZ Points will be awarded to the primary policy holder.

Important: Be scam savvy. BNZ will never ask you to click a link or provide personal details to claim a prize. Check out BNZ’s security guide for more information on staying safe online. 

4. Conditions 

Prizes aren’t transferable, exchangeable, or negotiable. All results are final and we won’t enter into correspondence.

BNZ may decide that you forfeit your prize if you’re a BNZ customer with accounts that are in default, or closed due to misconduct or if you are no longer a member of the BNZ Rewards Programme when the BNZ Points are due to be credited.

Employees (and their immediate family members) of us are eligible to enter, however the Promotion is limited to one employee being eligible to win. If an employee is drawn as a winner, no further employees are eligible to win a prize.

You consent to us and the prize provider using your name, photo, hometown and image for publicity and promotional purposes. 

5. Compliance Checks 

We or the prize provider may need to check you or your entry. This includes your name, address, age, place of employment, and other information we might reasonably ask for.

We can disqualify you at any time for being fraudulent, dishonest or misleading, or otherwise acting outside these terms. 

6. Our Liability 

We, the prize provider, and our respective employees and affiliates, are not liable for any losses (both direct and indirect) resulting from this Promotion or a prize itself.

7. Your Privacy 

BNZ may collect, store, and use your information to conduct this Promotion and for future promotional and publicity purposes. See our Master Privacy Policy for more information on our privacy practices. Your information will be held by BNZ, Level 4, 80 Queen Street, Auckland 1010, Auckland. BNZ may also share your information with IAG and the prize provider on these same terms and in accordance with their privacy policies. BNZ owns any entries in the Promotion.

8. Other Terms

We may change, suspend or cancel the Promotion at any time, subject to applicable law.

BNZ may substitute the prizes with an alternative prize of equivalent value without notice.