This offer is open to both new and existing customers of AIA Singapore Private Limited (Company Registration No. 201106386R) (“AIA”). A person who submits a proposal to AIA on the Eligible Plan will be entitled to receive the ten percent discount (10%) on the annual premium , provided that:
- the proposal is accepted by AIA;
- the proposal must be dated, signed and submitted during the Offer Period to AIA;
- the proposal is for a new policy and is not to top-up the insured amount or add a rider to an existing policy, except those riders as specified in the Eligible Plan;
- the policy is incepted with the premiums fully paid on or before 30 June 2017;
- payment of the Eligible Plan must be made in annual mode only;
- there is no cancellation of the policy purchased during the free look period;
- there is no alteration to the policy purchased within 12 months from the policy inception date such as the insured amount; and
- the proposal for an Eligible Plan has not been previously withdrawn and subsequently re-submitted to AIA during the Promotion Period for consideration.
"First-year annual premium" in this promotion refers to the annual premium payable in the first policy year for the Eligible Plan, including the amount paid for the supplementary rider benefits if attached to the basic plan and bearing the same policy number. It includes the Goods and Services Tax payable for the policy but excludes the extra premiums payable as a result of substandard loadings. No aggregation of premiums among two or more policies will be allowed to make up for the minimum first-year annual premium.
The ten percent discount (10%) on the annual premium is not exchangeable and/or refundable for cash, credit or any other item in whole or in part.
AIA reserves the right in its sole and absolute discretion to replace the ten percent discount (10%) on annual premium with another gift of similar value, withdraw the offer, or change the terms and conditions of the offer without having to give any person any prior notice or reason for such replacement/withdrawal/change. AIA’s decision on all matters relating to the offer (including the interpretation of terms and conditions of this offer) will be final and binding on all persons participating in the campaign and no appeals will be entertained.
AIA reserves the right to recover the value of the ten percent discount (10%) on annual premium collected by a person under this offer if the Eligible Plan purchased by such person during the offer period is terminated or lapses within 12 months from the relevant policy inception date.