1. IEEE Canada Board Meeting 28 April 2012 L. Koblin
IEEE Discounts
IEEE Canada Board Meeting
28 April 2012
L. Koblin

2. Discounts Overview of sponsored discount products New in 2012
Credit card
Life insurance
Auto/home
Other, non-insurance
New in 2012

3. Overview
Sponsored discounts provide added value to IEEE membership for those who want to participate
The objective is to offer an advantage over non-group price or features
IEEE does not pay anything to offer discounts to members
Discount programs generate non-dues revenue which help to reduce the cost of membership for all members

4. Di$count$
The IEEE discounts portfolio generates approximately US$5 million per year in royalties, or about US$14 per higher grade member worldwide
Additionally, some benefits providers generate ad revenue for Spectrum, IEEETV, Canadian Review, et al
We receive sponsorship funds for IEEE Xtreme Programming Competition, new WIE careers e-book and other activities as a result of these relationships

5. Credit Card Program April 2012 mailing in Canada
All marketing paid and produced by MBNA

6. IEEE sponsored credit cardsUS
Canada
Singapore
Effective Date:
Mar-05
Apr-07
Jan-06
Issuer:
US Bank
MBNA
Diners Club
Total Accounts As of December 2011
5,320
2,837
402
New credit card originations are few; outstanding card balances are down; active cards are down. This may be a sign of the economy.
Product/rates continue to be competitive for bank credit card programs.
IEEE continues to receive annual royalties.

7. Life Insurance and related products
50th Anniversary of the IEEE member group insurance plans (1962)
Marsh U.S. Consumer (Seabury & Smith) has been consistent
The New York Life Insurance Company
50th Anniversary is recognized throughout in marketing, articles and a special Web site

11. 2012 Insurance Enhancements
Base rate reduction of 10% on entire currently marketed member group term-life plan; and, additionally
Base rate reduction of 13 percent for age bands in the Plan below age 30
Base rate reduction of 5 percent for age 61 band in the Plan
Base rate reduction of 10 percent for ages in the Plan
Base rate reduction of 20 percent for age 64 in the Plan

12. Other Insurance Enhancements
IEEE 10-year level term insurance now has 10% premium credit
IEEE disability income insurance now has higher limits, up to US$7,540 per month
IEEE Professional Liability Insurance introduced in Canada (except Quebec) in 2011
Same product as U.S.
Lloyds of London
IEEE Risk management course premium credit available

13. More than 50%
Of auto-insurance
quotes are sold

14. Other Discounts in Canada
HP discontinued its discount in Canada, due to lack of sales
National/Alamo car rental, available
Dell discount, available
National Instruments Student member discount began November 2011

15. National Instruments Update
LabView Student Download discount began in November 2011
US$40 one-time fee for suite of apps
Download from Web
Undergrad and Grad students eligible
Available in U.S. and Canada
Additional promotion planned in 2012
Looking for student branches to show interest in Certification training

16. New in 2012
Globally available suite of Travel discounts, including tours, lodging, theme parks and more
International insurance program for regions 8, 9 and 10… coming mid-2012
Continued focus on improved visibility of member benefits and member-feedback mechanisms

17. Centralization of Benefits
Screen shot of New Benefits Filter (Includes discounts)

18. Contacts
Lynn Koblin
Mila Thelen