The discount is available to new customers applying for a range of options in the AMP Elevate product suite. Products available for the discount include Life Insurance, Total & Permanent Disablement Insurance (TPD) and Trauma Insurance. While it does also apply to standalone TPD and Trauma Insurance, it does not include any Income Protection or Business Overheads Insurance.
Any current AMP Elevate policy holders are ineligible for the discount to be placed onto their policy, however if they take out any additional AMP Elevate cover alongside their existing policy, they too will be able to receive the discount in respect to the additional cover.
The offer is open to all 2 million RACV members, as a part of its 'Show Your Card & Save' program. RACV employees and their partners are also able to take advantage of the discount.
The discount can last for the life of the policy for any RACV customers who continue their membership.