NEOS Preferred Lives Discount
Our Insurance Partners
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Benefit from Competitive Pricing
There are no plan fees for NEOS Protection products.
7.5% Premium Discount
More Discount Opportunities
New customers may be eligible for a discount in the first 3 years of holding cover.
Preferred Pricing for Healthy Clients
New NEOS members that are healthy gets rewarded with a preferred lives discount. Eligible members can get a 7.5% premium discount on their life insurance, TPD cover and critical illness insurance when meeting all 3 of the below criteria:
- A Body Mass Index (BMI) less or equal to 28.5,
- Not been a smoker for more than one year, and
- If there are no loadings or exclusions applied to your policy.
Take note; the preferred pricing discount is not available for income protection policies.
Discounts for New Customers
If you’re considering NEOS life insurance, you may receive an initial premium discount of 15% in the first year, 10% in the second, and 5% in the third (excluding select occupations). The discount applies to Life, TPD, and Trauma cover.
New cover discount
As a new customer that has completed the application process, you’ll be rewarded for each year you stay insured with the company.
| Years your policy has been enforced | Discount |
|---|---|
| 1 | 15% |
| 2 | 10% |
| 3 | 5% |
| 4+ | Standard premium applies |
Frequently asked questions
If I currently have a NEOS policy but am not eligible for the preferred pricing, can I apply when I do meet the criteria?
No, the Preferred Lives Discount is only available when a new NEOS policy is first issued and accepted at standard rates. It cannot be added to an existing policy after it has already commenced. If you take out a new policy in the future and meet the eligibility criteria, such as having a BMI of 28.5 or below, being a non-smoker for more than one year, and having no loadings or exclusions applied, you may then qualify for the discount.Will the preferred pricing be in addition to the new cover discount?
Yes. New NEOS customers who meet the eligibility requirements may qualify for both the Preferred Lives Discount and the NEOS New Cover Discount at the same time. This means you could receive an ongoing 7.5% discount through the Preferred Lives program, plus an initial 15% discount in your first policy year under the NEOS 2 offer, reducing to 10% in the second year and 5% in the third. Combined, eligible customers may receive up to 22.5% off their premiums in the first year, depending on the cover type and underwriting outcome.Does the Preferred Lives discount apply to Income Protection cover?
No. The Preferred Lives Discount applies only to Life, TPD, and Trauma (Critical Illness) cover types. It does not apply to Income Protection or Income Support cover. However, other savings such as large-sum insured or multi-benefit discounts may still apply to those products.
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