Tower at Work Staff Discount

  1. These terms and conditions (Terms), Tower's General Promotion terms and conditions (available here), and Tower's General Terms (available here) apply to the "Tower at Work Staff Discount" offer (Offer).
  2. In these Terms:
    1. Tower means Tower Insurance (Cook Islands) Limited, and
    2. Tower Premium means the amount of the premium retained by Tower and does not include the aspects of the premium that are collected by Tower but are not the Tower premium, including but not limited to, fire service levies, value-added tax (VAT), and stamp duty.
  3. To be eligible for the Offer, you must:
    1. be at least 18 years old;
    2. be a Current Employee of a Tower at Work Partner. A Current Employee is any person who is currently employed by a Tower at Work Partner in the Cook Islands (as confirmed by Tower in its sole discretion) under a full-time, part-time, or other employment contract; and
    3. purchase or renew an Eligible Policy (as defined in clause 4 below),
      (Eligibility Criteria).
  4. For the purposes of this Offer, an Eligible Policy means any Tower Plus and/or Standard House Insurance; Tower Plus and/or Standard Contents Insurance; Tower Comprehensive, Third Party, Fire, and Theft, and/or Third Party Only Car Insurance, and excludes any other insurance policies with Tower purchased by any means.
  5. If you meet the Eligibility Criteria, you must notify Tower of your eligibility on purchasing an Eligible Policy, then a discount will be applied to the Tower Premium of the Eligible Policy at the current discount rate of up to 10% off (Discount Rate) for one year (Discount). The Discount may be renewed after each one year term, provided you continue to meet the Eligibility Criteria.
  6. The Discount only applies to the Tower Premium. The Discount does not apply to aspects of the premium that are collected by Tower, but are not the Tower Premium, including taxes or levies.
  7. The Discount Rate may be subject to change at any time at Tower's sole and absolute discretion.
  8. The Discount does not apply to any other policies and cannot be used in conjunction with any other offer, discount, or promotion, except the Tower multi-policy discount and/or no claim bonus benefit (if applicable). If applicable, the Discount and any applicable Tower multi-policy discount will be applied after any no claims bonus benefit has been applied.
  9. Tower has a minimum premium for each policy type. This Discount will be applied only to the extent that the Tower Premium is above the minimum premium and it does not reduce the Tower Premium for a particular policy below the minimum premium for a particular type of policy, the Discount will be capped so that the Tower Premium payable is equal to the minimum premium for that policy type.
  10. If the Tower Premium payable for any policy is reduced during the policy period, then any Discount applied to the Tower Premium for that policy may be reduced on a pro rata basis.
  11. If an Eligible Policy does not run for the full annual policy period (i.e., there is a mid-term cancellation), the Discount applied will be pro-rated to your policy length. Where you are due a refund of any premium, we may deduct any Discount originally applied to your premium from any refund owing to you.
  12. Discounts cannot be transferred or exchanged for cash or any other benefit.
  13. The Offer does not apply to the respective immediate families of a Current Employee.
  14. Tower reserves the right, at its sole and absolute discretion, to change or revoke this Discount to ensure that the Discount applied to the Tower Premium is correct for the purposes of these Terms.
  15. Tower reserves the right to:
    1. change or cancel this Discount or the methodology for applying and/or calculating this Discount for any or all Eligible Policies;
    2. add policies to or remove policies from the list of Eligible Policies;
    3. change any other aspect of the Discount or these Terms at any time.
  16. By purchasing or renewing any Eligible Policy using the Discount in accordance with these Terms, you are bound by these Terms. If you do not agree to be bound by these Terms, then you must not use the Discount when purchasing an Eligible Policy.
  17. All decisions made by Tower are final with respect to all matters relating to the Offer, and no further correspondence or discussions will be entered into.
  18. Policy terms, conditions, exclusions, minimum premiums, and underwriting criteria apply in respect of all policies.