Loyalty Reward Plan

  • Avant Loyalty Reward Plan

    The Avant Loyalty Reward Plan (LRP) is our way of saying thank you for your loyalty.

    Reflecting the strong financial position of Avant and our focus on returning benefits to members, eligible members will receive their reward as a deduction from their premium, ranging from 4% to 12%* (depending on an individual member’s tenure).

    See how your rewards could grow:

    Avant Loyalty Reward Plan categories and rates

    Our insurance premium rates are technically assessed and calculated to ensure we provide you with market leading protection and maintain our future financial strength and security.
    Reward category  Category 1 Category 2 Category 3 Category 4
    Years of continuous financial membership  0-5 6-10 11-15 16+
    2017 announced loyalty reward  4% 7% 10% 12%
    Savings on premium of $10,000  $400 $700 $1,000 $1,200

    *Not all members are eligible for a LRP reward.  Members not eligible include medical students, interns, RMOs and DITs and members who have their professional indemnity policy purchased on their behalf under a corporate group arrangement. However, membership years as an intern, RMO or DIT will be included in tenure calculations. The provision of an LRP reward will be determined by the Avant Insurance Board’s annual assessment of the quality of Avant’s financial performance. 

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