$3K IAG Life Insurance Promotion

Terms and Conditions

  1. Entry into the $3K IAG Life Insurance Promotion (the Promotion) is subject to these Terms and Conditions (Terms), and by entering you accept the Terms. The promoter of this Promotion is Sovereign Services Limited of 74 Taharoto Road, Takapuna, Auckland 0622 (the Promoter).
  2. To be eligible for the Promotion, IAG (State and AMI) customers must apply for a new IAG Life Insurance Policy, underwritten by Sovereign Assurance Company Limited (Application) between 18 September 2017 9.01am NZDT and 22 December 2017 11.59pm NZDST (Promotion Period), and meet the eligibility criteria below.
  3. Eligible entries from the participating IAG channels will then be in the draw to win one of three (3) $3,000 cash prizes.
  4. Eligibility criteria:
    1. A new Application must be submitted to Sovereign/IAG by 22 December 2017 11.59pm NZDT, and this policy must be issued by 18 February 2018 11.59pm NZDT (Policy). IAG and Sovereign will not be liable for any entry that is ineligible because the Policy is not issued before this date, including because of Sovereign’s application review and underwriting processes.
    2. This Promotion is only available to Applications submitted via the below IAG distribution channels:
      • AMI
      • State (including Flybuys)
    3. The Policy issued must be in force at the time of the draw.
    4. Only the Policy owner will be entered into the draw, not the life assured except where the policy owner and life assured is the same person.
    5. If the Policy is owned by two or more people, there will only be one entry into the draw under joint names.
    6. There will be only one entry per Policy.
    7. The Promotion does not apply for the replacement of an existing Sovereign benefit or product.
    8. Entry is only open to New Zealand residents over the age of 18. Employees of Sovereign and IAG or agencies associated with the conduct of this Promotion, and their immediate families, are ineligible.
  5. Sovereign reserves the right to exclude customers from the campaign offer in situations where they have not met the eligibility requirements set out in these terms and conditions.
  6. All eligible Applications received during the Promotion Period will be placed in a prize draw to be held at Sovereign’s head office at 74 Taharoto Road, Takapuna, Auckland on 7 March 2018.
  7. The first three (3) valid, randomly selected Applications drawn will each win $3,000 NZD in cash to be deposited into their nominated bank account. The total prize draw is valued at $9,000 NZD.
  8. The winners will be notified by phone or email within 10 days of the prize draw. The winners will then need to send the requested bank details to allow for payment into a nominated bank account. The prize is not transferrable and will be credited directly into the winner’s nominated bank account.
  9. If Sovereign and IAG are unable to contact any of the winners or any of the prizes remain unclaimed five (5) days from when winners were attempted to be contacted, the prize(s) may be forfeited. Sovereign may conduct a further draw before 31 March 2018 at its head office for any unclaimed prizes.
  10. Sovereign and IAG require your personal information in order to conduct the Promotion. By entering this Promotion, you consent to Sovereign and IAG using that information to administer the Promotion and announce the winner, disclosing that information to agencies that assist with this and contacting you in relation to Sovereign and IAG’s products and services. Your information will be stored at Sovereign and IAG’s head offices. Sovereign and IAG also use third party data storage providers, which includes related companies and cloud-based data storage providers in New Zealand and overseas.
  11. By entering this promotion, if you are a winner you agree that within six (6) months of winning you will provide Sovereign with a story and picture about how the prize was spent to use for content across Sovereign and IAG’s communication channels.
  12. The draw and Sovereign’s decision in relation to any prize draw and this competition is final, and no correspondence will be entered into, including in the event of a dispute. Failure by the Promoter to enforce any of its rights does not constitute a waiver of those rights.
  13. To the extent permitted by law, IAG and Sovereign, its employees and agents shall not be liable for any claims, damages, injuries, costs and expenses suffered, sustained or incurred (including but not limited to indirect or consequential) as a result of, arising out of, or in any way connected with, this competition or its prizes.
  14. Sovereign reserves the right (subject to any applicable law) to cancel, terminate, modify or suspend the Promotion and/or these Terms.