TAKE NOTE that all eligible insurance policies are underwritten by Prudential Assurance Company Singapore (Pte) Ltd (“Prudential” or “Insurer”) and distributed by Standard Chartered Bank (Singapore) Limited (“Bank” or “SCBSL”).

• This Regular Premium Life Insurance Promotion (the “Promotion”) is available from 1 October 2018 – 31 December 2018 (both dates inclusive) (“Promotion Period”).
• This Promotion is available to customers of the Bank:
  • who have applied to purchase an Eligible Policy (as set out below) distributed by the Bank and underwritten by Prudential during the Promotion Period;
  • whose annual premiums payable for such Eligible Policy is at least S$36,000; and
  • whose Eligible Policy is issued by 31 January 2019 and remains in force for at least 30 days after policy issuance,
  • (each an “Eligible Customer” and collectively, “Eligible Customers”).
• The insurance policies that are eligible under this Promotion are:
  • PRUadvance saver
  • PRUflexicash
  • PRUsave limited pay
  • PRUsave max 10
  • PRUsave max limited pay (USD)
  • PRUwealth (SGD)
  • PRUgolden retirement reward II
  • PRUlife limited pay
  • PRUlife multiplier flex
  • PRUlifetime income (4-pay) (USD/SGD)
  • PRUterm vantage (SGD/USD)
  • (each an “Eligible Policy” and collectively, “Eligible Policies”).

Special Submission Gift

• The Special Submission Gift is only available while stocks last.
• A redemption letter for the Special Submission Gift will be issued and sent by post or email to you within 75 days from the policy issuance date. The Special Submission Gift must be redeemed in accordance with the instructions stated in the redemption letter. The Special Submission Gift and the redemption letter are not transferable or exchangeable for cash, credit or any other item in part or in whole. Any redemption letter that has expired or been lost will not be replaced. Prudential may at its sole discretion at any time and without prior notice substitute or replace the Special Submission Gift with any other gift of equal or similar value.
• When you redeem the Special Submission Gift, Prudential may require you to disclose your personal information (including name, identification/passport number, mailing address and contact number) for the purposes of verifying your identity to redeem the Special Submission Gift and recording your redemption of the Special Submission Gift. If you do not consent to such disclosure, you will not be able to redeem the Special Submission Gift and it will be forfeited.
• Neither Prudential nor SCBSL is the supplier of the Special Submission Gift. Neither Prudential nor SCBSL is obliged to assist or act on your behalf in communicating with the supplier of the Special Submission Gift for any reason. You accept the Special Submission Gift as it is and subject to any terms and conditions that the supplier of the Special Submission Gift may impose. Any Special Submission Gift that is not collected within the deadline stated on the redemption letter will be forfeited.
• Prudential and SCBSL make no representation or warranty whatsoever as to the quality or fitness for purpose or any other implied terms or conditions with respect to the Special Submission Gift. Neither Prudential nor SCBSL will be liable for any injury, loss or damage whatsoever arising in connection with the Special Submission Gift. Any dispute about quality or condition of the Gift is to be resolved directly between you and the merchant.
• This Promotion is not concurrently valid with other Standard Chartered Bank insurance promotions. For the avoidance of doubt, if you are also eligible for the Special Submission Gift under the Staff Banking Life Insurance Promotion, you may only choose the special submission gift under the Staff Banking Life Insurance Promotion or this Promotion, but not both.

General Terms

• Only the main policyholder of the Eligible Policy(ies) will be entitled to the Special Submission Gift.
• In the event that the Eligible Policy(ies) applied for is not taken up or cancelled from inception,or if the premiums for the Eligible Policies are adjusted before inception or during the 14-day free look period, SCBSL and/or Prudential reserves the right to recover the full retail value of the Special Submission Gift.
• SCBSL is the organiser of this Promotion. All insurance products described in this document are products underwritten by Prudential and not SCBSL. SCBSL shall not be liable in any manner whatsoever regarding your application or the contract of insurance. Guaranteed elements (if any) are obligations of the Insurer only. All insurance products are not deposits with, obligations of, or guaranteed by SCBSL.
• In the event of any inconsistency between these Terms and Conditions and any brochures, marketing or promotional materials relating to the Promotion, these Terms and Conditions shall prevail.
• SCBSL reserves the right to, at any time, vary, modify, add or delete any of the terms and conditions of this Promotion, including terminating or withdrawing the Promotion, without prior notice or reason. SCBSL’s determination of all matters relating to this Promotion, including but not limited to a customer’s eligibility for the Promotion, shall be final and no correspondence will be entertained.
  A person who is not a party to these Terms and Conditions has no right under the Contracts (Rights of Third Parties) Act (Cap.53B) to enforce any of these Terms and Conditions.
• These Terms and Conditions are governed by and construed in accordance with the laws of the Republic of Singapore and you agree to submit to the exclusive jurisdiction of the courts of the Republic of Singapore.

Disclaimer

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable (if any) may be less than the total premiums paid. The contents of this website do not constitute a contract of insurance and reference should be made to the respective policies for the exact terms and conditions applicable to the insurance policy. All insurance products described in this website are products of and underwritten by Prudential and not SCBSL. SCBSL shall not be liable in any manner whatsoever regarding your application or the contract of insurance. In facilitating insurance arrangements or in referring customers to any Insurer, SCBSL is acting in alliance with the Insurer and not as an agent for customers.

This website is for distribution in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore. This website is being distributed for general information only and it does not constitute an offer, recommendation or solicitation of an offer to enter into a transaction. It has not been prepared for any particular person or class of persons and it has been prepared without regards to the specific investment objectives, financial situation or particular needs of any person. You should seek advice from a financial adviser on the suitability of the product for you, taking into account these factors before making a commitment to purchase the product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether the product is suitable for you. If, after purchasing the policy, you decide that the policy is not suitable for you, you may terminate the policy in accordance with the free-look provision, if any, and the Insurer may recover from you any expense incurred by them in underwriting the policy.
The policies under this Promotion are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your Insurer or visit the LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

All information is correct at time of print.