BNZ Rewards for new IAG Home Insurance policy holders

Terms and Conditions

1. Campaign period

Offer available from 30 July 2026 to 23 September 2026 (the ‘campaign period’), unless withdrawn by BNZ prior. The offer is subject to these terms and conditions.

2. Eligible Home Insurance Policies

For the purposes of these terms and conditions, ‘Eligible Home Insurance Policy’ means:

  • New BNZ-branded Home, Home and Contents, Landlord’s Home, or Landlord’s Home and Contents insurance policies underwritten by IAG New Zealand Limited (IAG), taken out during the campaign period.
  • Excludes:
    • Contents only or Landlord’s Contents only, Life, Boat, Caravan and Motorhome, Motorcycle, Trailer, Travel, Car or Business insurance policies underwritten by IAG;
    • any insurance policy underwritten by IAG that is a renewal, extension,replacement, amendment, rekey or reinstatement of an existing or prior insurance policy (including PremierCare insurance policies which renew onto new BNZ-branded IAG insurance policies during the campaign period);
    • any insurance policies held by non-individuals (e.g. companies, trusts, partnerships or other entities), and
    • any other types of insurance policy.

3. Eligibility

To be eligible to receive 30,000 bonus BNZ Points you must:

  • be an individual or joint BNZ account holder;
  • take out a new Eligible Home Insurance Policy during the campaign period, be the primary policy holder on that policy, and at the time the BNZ Points are awarded the policy must be current (i.e. not void, cancelled or subject to notice to IAG of cancellation) and the first premium payment received by IAG, and
  • be a member of the BNZ Rewards Programme at the start date of the Eligible Home Insurance Policy and when the bonus BNZ Points are awarded (i.e. have not chosen to opt-out).

4. BNZ Points allocation:

  • 30,000 BNZ Points per Eligible Home Insurance Policy.
  • The BNZ Points will be awarded once per Eligible Home Insurance Policy per property. For the avoidance of doubt, if the eligible policy is a Home and Contents policy, BNZ Points will be awarded only once for that policy.
  • Where the Eligible Home Insurance Policy has multiple policy owners, the points will be paid to the primary policy holder (as shown on the Policy Schedule).
  • If you have previously opted out of BNZ Rewards, you must opt back in before the start date of the Eligible Home Insurance Policy.
  • The BNZ Points will be credited to the primary policy holder’s BNZ Rewards account within one month after payment of the first premium for that Eligible Home Insurance Policy.

5. Additional terms:

  • BNZ, in its sole discretion, may determine whether you’re eligible for the offer, and can disqualify you at any time for being fraudulent, dishonest or misleading or otherwise acting outside these terms. BNZ may decide that you forfeit the 30,000 bonus BNZ Points if you’re a BNZ customer with accounts that are in default or closed due to misconduct, or if you’re no longer a member of the BNZ Rewards Programme.
  • BNZ reserves the right to amend or withdraw this offer at any time without notice. BNZ will only do this where it considers it is reasonable to do so.
  • This offer is not financial or other professional advice.
  • IAG has no obligation or liability to any person for, or in connection with, BNZ Points or the BNZ Rewards programme. IAG is not an agent of BNZ and does not guarantee the obligations of BNZ or any of its related entities.
  • No party, including BNZ, is liable for direct or indirect loss or damage resulting from this offer.
  • BNZ Rewards Programme Terms and Conditions apply.
  • BNZ and IAG employees who are BNZ customers and enrolled in the BNZ Rewards Programme are eligible for this offer.
  • The availability of insurance cover is subject to approval of a completed application. Terms, conditions, and exclusions do apply. IAG New Zealand Limited (IAG) provides and underwrites certain general insurance policies to customers who are referred to IAG by Bank of New Zealand (BNZ). If you purchase one of these insurance policies following a referral by BNZ, IAG will pay BNZ commissions and other fees. BNZ personnel are not personally paid a commission or incentivised for referring customers to IAG. BNZ does not underwrite these insurance policies, is not an agent of IAG, and does not guarantee the obligations of IAG or any of its related entities. Full details of cover and a copy of policy documents are available on our website or on request from IAG at 0800 808 618. 
  • Privacy: BNZ and IAG may collect, store, share and use your information in relation to this offer and for future promotional and publicity purposes. Your information will be held by BNZ, Level 4, 80 Queen Street, Auckland 1010, New Zealand and IAG, NZI Centre, 1 Fanshawe Street, Auckland 1010, New Zealand See BNZ’s Master Privacy Policy and IAG’s Privacy Policy for more information on our privacy practices.
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