Use the promo code VELOCITY when you take out an eligible hospitals and extras policy with Medibank and receive 25,000 to 130,000 bonus Velocity points after you have held the policy for 90 days. Whilst not quite as good as last month’s offer of 45,000-150,000 points with six weeks free, it’s still not a bad haul of points.
| Medibank Weekly Premium Range | Velocity Points Earned |
| $130+ | 130,000 |
| $115 – $129 | 100,000 |
| $90 – $114 | 75,000 |
| $65 – $89 | 45,000 |
| $45 – $64 | 35,000 |
| <$44 | 25,000 |
What are 130,000 Velocity points worth? It depends on how you redeem them:
Terms and conditions
Must be a new Medibank member who has not held Medibank or ahm hospital cover in the last 12 months and hold the same eligible cover for 90 consecutive days to be eligible for the Velocity Points.
Must hold the same eligible cover and remain up-to-date with premium payments for 90 consecutive days from the policy start date to be credited Velocity Points in the fourth month. Points may not be allocated where the policy is cancelled or refunded, or where payments are in arrears. Velocity membership, Points earn and redemption are subject to the Velocity member Terms and Conditions, as amended from time to time. The level of Velocity Points is determined by referring to the weekly premium quoted for a policy, (before any adjustment for the Australian Government Rebate on private health insurance and excluding any Lifetime Health Cover loading, Youth Discount or any other discount or promotion) regardless of the payment frequency selected – see table of rewards points offered for different levels of weekly premiums at medibank.com.au/velocity.
