Home and Contents Insurance

For a limited time, we are offering a cash contribution to ASB Home Loan customers who take out a new home loan and also take out a qualifying ASB Home and/or Contents Insurance Policy with ASB (underwritten by IAG).

To be eligible for the cash contribution, you must draw down a new ASB Home Loan between 3 March 2025 and 13 April 2025 (inclusive).You must additionally take out a qualifying ASB Home and/or Contents insurance policy. The qualifying policy must be taken out between 3 March 2025 and 13 April 2025. Eligible customers will receive a $150 cash contribution per each new policy taken out, up to a maximum of $300 if two policies are taken out.

Qualifying policies are:

• ASB Classic Home Insurance
• ASB Classic Contents Insurance
• ASB Landlord’s Home Insurance
• ASB Landlord’s Contents Insurance

Terms and Conditions

1. This campaign is run by ASB Bank Limited, with its head office at North Wharf, 12 Jellicoe Street, Auckland.

• The $150 cash contribution is available once per policy type issued, up to a maximum of $300 if two policies are taken out. a) Qualifying policies are ASB Classic Home Insurance, ASB Classic Contents Insurance, ASB Landlord’s Home Insurance and ASB Landlord’s Contents Insurance. b) The insurance policy needs to cover the dwelling the home loan is connected to.

2. Qualifying new home loans do not include top ups, restructures, or bridging loans.

3. Eligibility will be determined at ASB's sole discretion.

4. Replacement or renewing policies are not considered qualifying policies for the purposes of this promotion.

5. Payment will be made: 

• If the customer pays their annual premium in full up front, within two months of the first year's premium being paid in full.
• If the customer pays their annual premium in instalments, within two months of the initial premium instalment being made.

6. If the first year's premium (if paid in full), or initial premium instalment (if paid in instalments), is not made, no cash contribution will be paid.

7. Payment will be made into the ASB bank account the mortgage repayments are deducted from.

8. ASB collect, hold, and use your personal information for the purpose of administering the offer and providing you with information about ASB's products and services. Our address is North Wharf, 12 Jellicoe Street, Auckland. You have rights of access to, and correction of, personal information held by us.

9. ASB reserves the right to vary, suspend or terminate this offer and these terms and conditions at any time.

10. To the extent permitted by law, ASB, 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 offer.

The availability of insurance cover is subject to your application being approved.

Terms, conditions, and exclusions apply. For full details, refer to the Policy Document which is available from ASB Bank Limited. This insurance is underwritten by IAG New Zealand Limited (IAG).

ASB's lending criteria and terms apply.