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8,000 Velocity points when you take out a Medibank pet insurance policy

Enter the promo code VELOCITYPET when signing up for an eligible Medibank pet insurance policy and you’ll earn 8,000 Velocity points after the policy has been held for 90 days.

Any pet insurance policy with an annualised premium of at least $200 is eligible. Note that this minimum is after any discount or saving is applied.

During the last Medibank pet offer it was possible to insure a domestic house cat for as little as $200 and then cancel the policy after the 90 days, meaning some customers only ended up paying $50 or so for the bonus points.

What are 8,000 Velocity points worth?

It depends how you redeem them:

Terms and conditions

Offer starts 12.01am AEST 1 March 2024 and ends 11.59pm AEST on 1 July 2024 (Offer Period). Available to new Medibank Pet Insurance customers who are a current member of the Velocity Frequent Flyer program (Velocity Member). Offer not valid for Velocity Members’ existing Medibank Pet Insurance Policies, or those who have held Medibank Pet Insurance in the last 12 months. Velocity Points only awarded on the first pet insurance policy purchased during the Offer Period. Must purchase a new, eligible policy during the Offer Period with a minimum annualised premium of $200 (post any discounts being applied). Must own an eligible cat or dog and provide evidence to the Insurer (PetSure) of pet ownership if requested. Must use promo code VELOCITYPET and enter their valid Velocity Member number at the time of taking out the policy during the Offer Period. Must hold the same eligible product for 90 continuous days from the purchase date and the policy must be active, not suspended or in arrears for Velocity points to be awarded. Velocity membership, Points and redemption are subject to the Velocity Member Terms and Conditions, as amended from time to time. Offer subject to the terms and conditions of the Medibank Pet Insurance policy. 

If the eligibility criteria is met, Velocity Points will be issued based on the Medibank Pet Insurance cover level purchased during the Offer Period listed as follows:

  • 8,000 Points for Medibank Pet Protect Pet Insurance
  • 8,000 Points for Medibank Pet Plus Pet Insurance
  • 8,000 Points for Medibank Pet Max Pet Insurance

Please allow an additional 10 business days after the 90-day holding period for Velocity Points to be awarded. Not valid with any other pet insurance offer (including but not limited to the Medibank and ahm employee discounts), except for the following:

  • Velocity Members who take out two or more Medibank Pet Insurance policies are eligible for a 5% discount on the premium for their second policy and each subsequent policy (see full terms and conditions below for the multi-pet discount). Velocity Points only awarded on the first pet insurance policy purchased during the Offer Period.
  • Velocity Members who currently hold a Medibank or ahm Health Insurance Policy are eligible for a 10% discount on Medibank Pet Insurance premiums. Those Medibank and ahm health members (who are also Velocity Members) who wish to activate this discount must provide accurate membership details: (a) at point of purchase for the discount to apply; or (b) prior to renewal for the discount to apply at renewal.

Medibank Pet Insurance reserves the right to withdraw, vary or extend this Offer at any time, without notice.

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