IBA offer – Terms and Conditions

1. The IBA Discount Offer is available on new NRMA Business Insurance policies with a New South Wales, Australian Capital Territory, Queensland, Tasmanian, South Australian, Western Australian or Northern Territory risk address (Eligible Product).

2. The IBA Discount Offer may be withdrawn at any time.

3. The IBA Discount Offer is not available on any other NRMA Insurance policy including:

a. Motor Trade Insurance

b. Farm Insurance

c. Professional Indemnity Insurance

d. Information and Communications Technology Liability Insurance

e. NRMA Insurance personal lines insurance policies

4. You can save up to 30% on the first year’s 'base premium' when you purchase a new Eligible Product (the IBA Discount Offer). The base premium doesn't include any government or statutory charges. If you renew an Eligible Product to which the IBA Discount Offer has been applied, and the IBA Discount Offer has not been withdrawn at the time of renewal, you will also receive a discount of up to 30% on the base premium for your renewal. Discounts only apply until you reach a minimum base premium, so your discount might be limited by the minimum base premium (in which case the discount under this IBA Discount Offer may be significantly less than 30%). If your base premium is $220 (the minimum base premium for NRMA Business Insurance) you will not receive a discount under this IBA Discount Offer.

5. To be eligible for the IBA Discount Offer, you must purchase an Eligible Product by calling 132 818 (or by requesting a call back via www.nrma.com.au/business-insurance), and tell the sales consultant that you are an IBA (Indigenous Business Australia) customer. In addition, you must:

a. for annual policies, pay the annual premium with a Visa or Mastercard at the time of purchase; or

b. for pay-by-the-month policies, provide accurate bank account, Visa or Mastercard details at the time of purchase.

6. Whether we issue a new policy or a renewal of a policy, and on what terms, is subject to our normal underwriting criteria and practices.

7. The IBA Discount Offer does not apply to any existing NRMA Insurance policy.