Get all your news in one place.
100's of premium titles.
One app.
Start reading
AAP
AAP
National
Neve Brissenden

Insurance giant sued over 'loyalty tax' on policies

Insurance Australia Group is facing allegations it ripped off millions of loyal customers. (Dean Lewins/AAP PHOTOS)

Millions of Australians have allegedly been ripped off by the nation's biggest insurer in a deceptive and misleading loyalty scheme run through one of its flagship brands.

A class action filed in the Victorian Supreme Court accused NRMA Insurance parent Insurance Australia Group (IAG) of engaging in "misleading, deceptive and unconscionable conduct" by bumping up base premium prices for long-term customers.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.