Investment, Insurance, Superannuation
Thursday, 3 June 2021
To make quality, personalised insurance more accessible to more Australians, we have made some changes to our popular OneCare and OneCare Super new business discounts.
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Combine the KickStart discount with our lifetime premium discounts and save more.
+ Multi-cover discount2 – When Income Secure Cover is taken with any Life, TPD, Trauma and/or Business Expenses policy the life insured will receive a 5% multi cover discount on the lump sum covers for the life of the policy.
+ Multi-lives discount - Depending on how many lives are insured within a family and/or business group, a discount of up to 10% could be applied across all policies.
+ Platform discount3 –A 10% platform discount will apply to new policies held through HUB24, Grow Wrap, Oasis and OneAnswer Super.
In addition to the above, OnePath also provides a two-year rate lock guarantee4.
When combined, these offers are designed to support new policy holders through key milestones of their insurance journey.
We regularly engage with our partners and have initiatives in place to ensure we support you and your clients so they realise the value beyond their policy, and remain educated on the importance of the protection they have in place. Please visit
In the unfortunate event your client should need to make a claim, you can be confident that they will be supported by our leading claims team in the market.
Visit onepathinsurance.com.au/bundle
Important information
1. KickStart discount does not apply to Level premium type, or any existing policies (including a cancel and replacement), policy fee, and any Government imposed charges, such as stamp duty. Commission payable is based on the premium after the 17.5% premium discount has been applied. We do not guarantee any premium discounts and may remove or vary the current discounts at any time.
2. Multi-cover discount; Life, TPD, Trauma and/or Business Expense covers will receive a multi-cover discount of 5% of the base rate across all OneCare policies when Income Secure Cover is taken for the same life insured. We do not guarantee any premium discounts and may remove or vary the current discounts at any time.
3. A 10% platform discount will apply only to new OneCare policies held through accounts in Grow Wrap Super and Pension Service, Oasis Superannuation Master Trust (Mentor/Voyage/Wealthtrac) and approved HUB24 issued superannuation products. A 10% platform discount will only apply to new OneCare Super policies funded via internal rollover from OneAnswer Super and OptiMix Super accounts. We do not guarantee any premium discounts and may remove or vary the current discounts at any time.
4. Two-year premium rate lock will not apply to increases to original cover amount within the first two years of the policy, policy fee increases, and any Government imposed charges, such as stamp duty. On first policy anniversary, premium increases due to indexation of the sum insured amount or age-based loadings for Stepped premiums will be based on the rate-locked premium.
5. Clients must be a Qantas Frequent Flyer member and correctly register their Qantas Frequent Flyer membership details with OnePath Life Limited (OnePath Life) to earn Qantas Points on eligible insurance policies. The following retail policies are eligible: OneCare and OneCare Super. A joining fee usually applies. However, OnePath Life has arranged for this to be waived for new customers who join at qantas.com/onepathjoin This complimentary join offer may be withdrawn at any time. Membership and points are subject to Qantas Frequent Flyer program terms and conditions available at qantas.com/terms The maximum number of points you can earn on eligible policies is capped at 20,000 points per year, per policy. Qantas Points accrue in accordance with and subject to the ‘OnePath and Qantas Frequent Flyer Rewards terms and conditions’ available at onepath.com.au/qf-terms-conditions
The Qantas Points you earn will be credited to your Qantas Frequent Flyer account after each statement period, which usually takes up to eight weeks from when you pay your Eligible OnePath Insurance Policy premium, unless otherwise advised. Qantas does not endorse, is not responsible for and does not provide any advice, opinion or recommendation about this product or the information provided by OnePath Life in this communication.
This information has been prepared by OnePath Life Limited (OnePath Life) ABN 33 009 657 176 AFSL 238341 and is current as at June 2021 but may be subject to change. It is for the use of advisers only and may not be reproduced without the prior written permission of OnePath Life.
OneCare is issued by OnePath Life. This includes OneCare External Master Trust and OneCare SMSF. OneCare Super is issued by OnePath Custodians Pty Limited (OnePath Custodians) ABN 12 008 508 496 AFSL 238346. OnePath Life is not a related body corporate of OnePath Custodians.
This information is of a general nature and has been prepared without taking account of your client’s objectives, financial situation or needs. Before acting on the information, your client should consider whether the information is appropriate, having regard to their objectives, financial situation and needs, and consider the OneCare Product Disclosure Statement and Policy Terms (PDS) before deciding whether to acquire, or to continue to hold, the product. Contact your Business Development Manager to obtain a copy of the PDS, or visit onepathinsurance.com.au