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Staff Banking General Insurance Promotion Terms and Conditions

  1. This Staff Banking General Insurance Promotion (“Promotion”) is available from 20 August 2018 to 26 August 2018 (both dates inclusive) (“Promotion Period”) and is open to Eligible Employees and their Immediate Family Members.
  2. For the purposes of these Promotion Terms,
    1. Eligible Employees” shall mean employees of any of the following entities:
      1. Standard Chartered Bank, Singapore Branch;
      2. Standard Chartered Bank (Singapore) Limited;
      3. Standard Chartered PF Managers Pte Ltd;
      4. Standard Chartered Trust (Singapore) Pte Ltd,
      5. (collectively “Standard Chartered Group”)

An “Immediate Family Member” refers to an Eligible Employee’s legal spouse, child, sibling, or parent.

  1. Eligible Policies” refers to the policies listed in the table (“Table”) below:
SCB Staff Banking General Insurance Promotion
Needs Eligible Policy General Insurance promotion for Eligible Employees and their Immediate Family Members
Travel Allianz Travel Protect 50% off Single Trip premium
              35% off Annual Trip premium +

A Cerruti Focus Ballpoint Pen
(Model: NST8304 worth $129)

Motor Ultimate Car Protector 10% off premium plus Rebate ($100 rebate)
Personal Accident Allianz Accident Protect 25% off first year premium
Home Content Allianz Home Protect 25% off first year premium
Hospital Income Allianz Hospital Income Protect 25% off first year premium

 

  1. To enjoy the promotions described in the Table:
    1. Eligible Employees and/or their Immediate Family Members must during the Promotion Period, apply for and successfully purchase, any Eligible Policy;
    2. For online application: in applying for an Eligible Policy, an Eligible Employee and/or his/her Immediate Family Member must tick “Staff” box of the online application form, and complete the Eligible Employee’s work e-mail address in the “*Employment Email Address” box of the online application form;
    3. For manual application: in applying for an Eligible Policy, an Eligible Employee and/or his/her Immediate Family Member must complete the Eligible Employee’s work e-mail address in the “Email Address” field of the manual application form.

 

  1. Promotion is only applicable to new insurance applications and not valid with other promotions, discounts, offers, vouchers, rebates or privileges unless otherwise stated. Eligible Employees and their Immediate Family Members who (a) have terminated an existing Eligible Policy and (b) subsequently purchase the same Eligible Policy, shall not qualify to enjoy the relevant promotion offered in respect of such Eligible Policy.
  2. Persons who are not eligible to participate in this Promotion are employees who are serving their termination notice period (under their employment contract with the relevant entity of the Standard Chartered Group) at the point of purchasing the relevant Eligible Policy(ies), and their Immediate Family Members.
  3. All insurance products described in this document are products underwritten by MSIG Insurance (Singapore) Pte. Ltd. (“MSIG”) or Allianz Global Corporate & Specialty SE Singapore Branch (“Allianz”) and not Standard Chartered Bank (Singapore) Limited (“Bank”). The Bank shall not be liable in any manner whatsoever regarding your application or the contract of insurance. Guaranteed elements (if any) are obligations of MSIG and Allianz only. All insurance products are not deposits with, obligations of, or guaranteed by the Bank.
  4. In the event that MSIG or Allianz is unable to deduct the premium from the credit/ debit card as provided in the application form, you are required to provide alternative mode of payment.
  5. This Promotion is jointly organised by MSIG, Allianz and the Bank. The Bank, MSIG or Allianz may vary the Staff Banking General Insurance Promotion Terms and Conditions without prior notice or withdraw or discontinue the Promotion at any time without any prior notice or liability to you. The Bank’s or MSIG’s decision on all matters relating to this Promotion, including determining eligibility to participate, shall be final and conclusive and no correspondence will be entertained.
  6. In the event of any inconsistency between the Staff Banking General Insurance Promotion Terms and Conditions and any brochures, marketing or promotional materials relating to the Promotion, the Staff Banking General Insurance Promotion Terms and Conditions shall prevail to the extent of such inconsistency.
  7. 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 the Staff Banking General Insurance Promotion Terms and Conditions.
  8. This Staff Banking General Insurance Promotion Terms and Conditions are governed by and shall be 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.

ADDITIONAL TERMS AND CONDITIONS APPLICABLE TO ULTIMATE CAR PROTECTOR

13. If you purchase an Ultimate Car Protector Policy, you will be entitled to the relevant discount and Rebate as stated in the above table at Clause 3.

14. If your application form was submitted online with premium fully paid, the Rebate will be awarded via crossed cheque.  If your application form submitted at any SCBSL branch, the Rebate will be via discount on premium payable.

15. If you cancel your Ultimate Car Protector Policy at any time before the policy expiry date for whatever reason, MSIG reserves the right to deduct the value of the Rebate from the refund premium allowed under the policy, if any.

16. MSIG may at its sole discretion at any time and without prior notice substitute or replace the Rebate with any other items of equal or similar value.

This document describes the insurance product(s) and service(s) provided by MSIG or Allianz Global Corporate & Specialty SE Singapore in alliance with Standard Chartered Bank (Singapore) Limited (“SCBSL”). This document is not a contract of insurance and reference should be made to the actual policy for the exact terms and conditions applicable to the insurance policy, which will be sent to you upon the acceptance of your application by the respective insurer. All insurance products described in this document are products of and underwritten by the respective insurer and not SCBSL. 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. You may wish to seek advice from a qualified advisor before purchasing the policy and in the event that you choose not to seek advice, you should consider whether the policy 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.

This Policy is protected under the Policy Owner 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 MSIG or Allianz Global Corporate & Specialty SE Singapore or visit the GIA or SDIC websites (www.gia.org.sg or www.sdic.org.sg).

All information is correct at time of print.