Terms and Conditions:

1Medibank Velocity Points offer: This offer is available to new Medibank members on new Medibank memberships who have not held a Medibank or ahm hospital cover in the last 12 months (unless a dependent coming off parents cover), who are Australian residents and a current member of the Velocity Frequent Flyer program (a Velocity member).

When joining, new members must join and start an eligible hospital or hospital and extras policy by 31 August 2021, quote the promo code VELOCITY, enter the Velocity member number of the policy holder joining, hold the same policy and set up and maintain direct debit for at least 90 continuous days from the policy start date in order to be credited Velocity Points in the fourth month, noting the minimum direct debit period is fortnightly. Points may not be allocated where the policy is cancelled or refunded, or where payments are in arrears. Velocity membership and Points earn and redemption are subject to theĀ Velocity member Terms and Conditions, as amended from time to time.

Eligible hospital or hospital and extras policies are all Medibank policies, excluding Corporate, Accident only, Ambulance only, Extras only, Overseas Visitors (OVC) and Overseas Student Health (OSHC) covers, Working Visa Health Insurance, Travel Insurance, Pet Insurance, Funeral Insurance, Life Insurance & Income Protection, and all ahm covers. Not available with any other Medibank offer. Health insurance is issued by Medibank Private Limited ABN 47 080 890 259, a registered private health insurer.

Velocity is not the issuer or arranger of any insurance product. Any information provided is general only, is not advice and has been prepared without taking into account your circumstances.

The level of Velocity Points you could earn as a reward for taking out a policy that meets the above criteria are determined by referring to the weekly premium quoted for a policy, (before any adjustment for the Australian Government Rebate and excluding any Lifetime Health Cover loading and Youth Discount) regardless of the payment frequency selected when you join- see rewards Points offered for different levels of weekly premiums below:


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