Banca GIA - i Bundle Campaign 2013
(Saadiq In - Branch Sales)
1. The Standard Chartered Saadiq Berhad ("SCSB") Banca GIA - i Bundle Campaign 2013 (Saadiq In-Branch Sales) ("Campaign") will run from 14th January 2013 until 31st December 2013 inclusive of both dates ("Campaign Period").(Note: original Campaign Period has been extended.)
2. By participating in this Campaign, participants agree to be bound by all the terms and conditions below.
3. This Campaign is open to all SCSB's customers who fulfill the following conditions ("Eligible Customers"):
3.1 individual aged 18 and above;
3.2 have maintained their accounts with the Standard Chartered Bank Malaysia Berhad ("SCBMB") and SCSB in good standing, without any breach of the terms and conditions or agreements, throughout the Campaign Period;
3.3 during the Campaign Period, customers have purchased from SCSB's employees or from the authorized agents of Takaful Operator in SCSB branches:
(a) any of the selected Regular Contribution participating Plans with a minimum Annual Contribution Equivalent (ACE) of RM1,800
(i) For joint accounts, only the accountholder whose name appears first in the account opening form (the "primary accountholder") will be taken as the Eligible Customer.
4. However, permanent and contract employees of SCBMB and SCSB, their subsidiaries, or related corporations, and their immediate family members (spouses, children, parents, brothers and sisters) are not eligible for this Campaign.
5. The Participating Plans are underwritten by the Takaful Operator and SCSB is a third party distributor of the Participating Plans.
6. For purposes of this Campaign:
6.1 "Participating Plans" mean:
Takaful Operator Regular Contribution Participating Plans
Prudential BSN Takaful Berhad (PruBSN)
  • SmartEdu-i
  • FirstHorizon-i
  • LifeLink-i
6.2 Participating Plans must be purchased using the following paying modes:-
(a) Regular Contribution Participating Plans : monthly, quarterly, half-yearly or yearly Contribution paying modes;
6.3 Annual Contribution Equivalent (ACE) taken into consideration for this Campaign is consists of: Basic Contribution + Optional Benefits + Supplementary Benefits + Add-On Benefits.
6.4 Contribution amounts cannot be accumulated to qualify for the Promotion PSR. The minimum Annual Contribution Equivalent amount is on a single plan basis.
6.5 Only fresh funds placed into the GIA-i account is entitled to the special Profit Sharing Ratio ("Promotion PSR") but subject to the cap on the GIA-i amounts to be entitled to the Promotion PSR in any one of the tiers as stipulated in Table 1 below.

NOTE: "Fresh Funds" means funds which did not originate from accounts held with either SCBMB or SCSB.
6.6 Annual Contribution Equivalent (ACE) means the annualized contribution amount for Regular Contribution Participating Plans. For example, if customer purchased a Regular Contribution plan with monthly contribution of RM300, the customer's ACE amount will be RM3,600 (RM300 X12).
7. During the Campaign Period, Eligible Customers who purchased any of the Participating Plans are entitled to earn special Profit Sharing Ratio ("Promotion PSR") on 1-month, 3-month, 6-month, 9-month or 12-month GIA-i subject to the requirement as shown in Table 1 below:
  Table 1 - Regular Contribution Participating Plans
GIA-i Tenure Annual Contribution Equivalent (ACE)
(Minimum ACE is RM1,800)
Current PSR Customer's Indicative Profit (%)* Promotion PSR on GIA-i Customer's Indicative Profit (%)*
1-month 56 : 44 2.80% 99 :1 4.95% p.a.
3-month 58 : 42 2.90% 99 :1 4.95% p.a.
6-month 59 : 41 2.95% 99 :1 4.95% p.a.
9-month 59 : 41 2.95% 90 : 10 4.50% p.a.
12-month 62 : 38 3.10% 90 : 10 4.50% p.a.
  * Important Note:
All the Customer's Indicative Profit stated in the tables above are based on historical data and is not indicative of future profit rates. As an investment product, SCSB's GIA-i is exposed to the risk of profit rate fluctuations and may vary month to month. The Indicative Profit is calculated on a contractual basis and paid upon maturity. Customers are to obtain the latest indicative profit rates from its website at and in SCSB's branches. SCSB reserves the right to change the Customer's Indicative Rate and shall do so via posting in the branch and at its website.
8. The Eligible Customer's entitlement to the Promotion PSR on GIA-i is subject to the following and please refer to Example 1 for clarification:
8.1 the policy holder for the plan purchased must also be the primary accountholder for the GIA-i;
8.2 for the purchase of any Regular Contribution Participating Plans, the maximum amount placed in GIA-i cannot be more than THREE (3) times of the Annual Contribution Equivalent (ACE) amount;
8.3 the maximum amounts placed in GIA-i for this Campaign is RM15,000 per policy.
8.4 the placement of GIA-i can only be placed after Customer's completed purchase of any of the Participating Plans
8.5 the plan purchased must be accepted and in-forced by respective Takaful Operator.
8.6 a customer is allowed to place multiple GIA-i with same or different GIA-i tenure as long as the maximum total GIA-i amounts placed with the bank is not exceeding the maximum GIA-i amount allowed for that particular customer. However the minimum GIA-i amount allowed per placement is RM5,000.
  Example 1:
Mr. Lee purchases a LifeLink-i (Regular Contribution Participating Plans) on 28th January 2013 and has opted for monthly Contribution of RM200. This is equivalent to an Annual Contribution Equivalent (ACE) of RM2,400 (12 X RM200).

Mr. Lee meets the minimum Annual Contribution Equivalent amount requirement under Table 1 and must make the GIA-i placement [during the Campaign Period]. The maximum amount of GIA-i placement that Mr. Lee can place is up to RM7,200 (3 X of RM2,400) and he is entitled to the following:-
(i) 1-month tenure GIA-i and be entitled to the Promotion PSR of 99:1;
(ii) 3-month tenure GIA-i and be entitled to the Promotion PSR of 99:1;
(iii) 6-month tenure GIA-i and be entitled to the Promotion PSR of 99:1;
(iv) 9-month tenure GIA-i and be entitled to the Promotion PSR of 90:10;
(v) 12-month tenure GIA-i and be entitled to the Promotion Rate of 90:10.
  If any Eligible Customer exercises cooling-off right or cancel the Participating Plans purchased during its offer within the Campaign Period, with the result that he/she no longer fulfils the eligibility criteria, the Eligible Customer will not be entitled to the Promotion PSR. If the Eligible Customer exercises cooling-off after the placement of the GIA-i at the applicable Promotion PSR, SCSB is entitled to adjust the Promotion PSR on the GIA-i to SCSB's prevailing PSR, by giving notice to the customer. If this happens, that notice will prevail, regardless of any documentation or confirmation to the contrary.
9. PSR for renewal cases for GIA-i signed up during this Campaign will be based on SCSB's published GIA-i PSR at the date of first renewal.
10. Customers are reminded that any placement of GIA-i in SCSB is subject to SCSB's banking agreement, comprising the Customer Terms and other relevant documents listed in Part A of the Customer Terms. In particular, customers should note that they might receive lower dividend or no dividend on their deposit if they withdraw any part of their GIA-i before maturity. Customers may get more information on this at page 12 of SCSB's tariff of Fees and Charges (which forms part of the banking agreement). The banking agreement (including the tariff of Fees and Charges) can be obtained from SCBMB's branches or from its website at
11. Prudential BSN Takaful Berhad ("PRUBSN") is a registered Takaful Operator under the Takaful Act 1984 and is regulated by Bank Negara Malaysia. PRUBSN is fully responsible for the Participating Plans, the benefits offered by them, any representation made in their marketing materials including SCSB's marketing materials for the Participating Plans.
12. SCSB is the third party distributor and accepts no liability for the products and services offered by the Takaful Operator.
13. This document is not intended to be an invitation or offer for subscription for the Participating Plans.
14. Customers are advised to read and understand the terms and conditions of the plan and policy before purchasing and consider the fees and charges involved.
15. If any matters arise which are not covered in these Terms and Conditions, they will be determined solely by the SCSB. SCSB's decisions relating to this Campaign, are final and binding all participants.
16. SCSB may vary any of these Terms and Conditions including early termination or extension of the Campaign period, upon giving adequate prior notice on SCSB's website at and in SCSB's branches.
17. The Campaign and these Terms and Conditions are governed by the laws of Malaysia. The participants agree that the Courts of Malaysia have jurisdiction over all matters arising from this Campaign.

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