AIA Australia Ltd - Notification - N99677

Applicant(s)

  • AIA Australia Ltd

Notification number(s)

  • N99677

Summary

The proposed conduct involves the following parties:
(1) AIA Australia Ltd (AIAA or the Notifying Party). AIAA is a registered life insurance company under the Life Insurance Act 1995 (Cth) and is licened to provide financial services under the Corporations Act 2001 (Cth). AIAA is a provider of, among other things, life insurance products and services and offers and administers the AIA Vitality program in Australia, a sience-backed health and wellbeing program.
(2) MO Health Pty Ltd (MO Health). MO Health has applied for registration as a private health insurer under the Private Health Insurance (Prudential Supervision) Act 2015 (Cth). Once registration is obtained it intends to commence carrying on the business of providing private health insurance.
(3) GMHBA Limited (GMHBA) and health.com.au Pty Ltd (HCA) (together the GMHBA entities). The GMHBA entites carry on the business of providing private health insurance and are registered as private health insurers under the Private Health Insurance (Prudential Supervision) Act 2015 (Cth).
GMHBA and MO Health are related bodies corporate. GMHBA has a joint venture with AIAA, which has invested in MO Health.
AIAA proposes to promote its life insurance policies and the AIA Vitality Program by offering discounts and other benefits to customers who also choose to buy health insurance to be offered by MO Health.
AIAA also proposes to promote the AIA Vitality Program by offering discounts and other benefits to customers who also choose to buy health insurance offered by the GMHBA entities.

Notifications

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ACCC correspondence

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