Life insurer AXA Australia has teamed up with the RACV to offer discounted rates on life insurance policies. Personal risk protection policies issued to RACV members will now be eligible for a 5% discount.

The discount applies to a range of new business options through AXA’s Elevate product suite. Products available for the discount include life insurance, Total & Permanent Disablement Insurance (TPD) and Trauma Insurance. While it does also incorporate stand alone TPD and Trauma Insurance, it does not include any Income Protection or Business Expense policies.

Any current AXA policy holders are also ineligible for the discount to be placed onto their policy, however if they take out any additional cover along side their existing policy, they too will be able to receive the discount.

This offer is open to all 2 million RACV members, as a part of their “Show Your Card & Save” program. With our state’s population sitting at just over 5 million, that means around half of Victoria is eligible for the discount. RACV employees and their partners are also able to take advantage of the discount.

The discount is set to last the life of the policy for any RACV customers who continue their membership.