Get 20% off your first-year health insurance premium

1. Income Insurance Limited (“Income Insurance”) is offering the following promotion(s) subject to these Terms and Conditions (the “Promotion”):
   1.1 20% off first-year insurance premium for the Qualifying Policies (as defined below).  
2. A customer shall be eligible to enjoy the Promotion with the purchase of any of the following policies.
   2.1 Enhanced IncomeShield Basic
   2.2 Enhanced IncomeShield Basic – PR
   2.3 Enhanced IncomeShield Advantage
   2.4 Enhanced IncomeShield Preferred
   2.5 IncomeShield Standard Plan
   (collectively the “Qualifying Policies”, and each a “Qualifying Policy”).
3. This Promotion is only applicable to new Qualifying Policy sign-ups for Singaporeans and PRs, and will not apply to any rider.
4. The discount under this Promotion is only applicable to the additional private insurance coverage portion for the first year. Policyholder is required to pay full premiums for the additional private insurance coverage portion in subsequent renewals of the policy. This Promotion does not apply to the premium for the MediShield Life portion, and any applicable riders attached to Enhanced IncomeShield or IncomeShield Standard Plan. 
5. Applications for Qualifying Policies must be submitted to Income Insurance from 1 August 2023 to 31 August 2024 (both dates inclusive) (the “Promotion Period”), and if such applications are approved by Income Insurance, the policies must be issued no later than 31 October 2024 for the customer to be eligible to enjoy the Promotion.
6. A customer may not enjoy this Promotion in conjunction with any other promotion and/or incentive offered by Income Insurance.
7. The Promotion does not affect or change any term, condition, and exclusion of the policy contract of the Qualifying Policies issued. The precise terms, conditions and exclusions of the Qualifying Policies are specified in their respective policy contracts.
8. A customer who is eligible to enjoy the Promotion is entitled to a one-time 20% discount on first-year premium for the Qualifying Policy. For avoidance of doubt, a customer with any existing Enhanced IncomeShield plan or IncomeShield Standard plan, whether before or during the Promotion Period and whether with any eligibility to enjoy the Promotion, who subsequently increases their sum assured and/or premium amount, tops-up, or applies for riders during the Promotion Period will not be eligible to enjoy this Promotion as a result of such increase(s) in sum assured and/or premium amount, top-ups, or applications for riders.
9. If any of the insured persons under the Qualifying Policy have any pre-existing condition(s), their application for the Qualifying Policies shall be subject to medical underwriting. Any premium loading (if applicable) shall be payable in full and no discount shall be applied on such premium loading that is applicable in addition to the prevailing premium rates (inclusive of GST) of the Qualifying Policies. 
10. Under no circumstances shall Income Insurance be liable to any customer or party, whether in contract, tort (including negligence) or otherwise, for any liabilities, losses, damages, claims, costs and expenses (including any special or consequential damages or losses) in connection with, related to or resulting from the Promotion.
11. Income Insurance reserves the right to vary/amend the terms and conditions of this Promotion at any time without prior notice to customers.
12. Income Insurance’s decision on all matters relating to this Promotion shall be final, conclusive and binding. No appeals will be entertained. 

The precise terms, conditions and exclusions of the Enhanced IncomeShield Plan are specified in http://www.income.com.sg/enhanced-incomeshield-policy-conditions.pdf and IncomeShield Standard Plan in http://www.income.com.sg/incomeshield-standard-policy-conditions.pdf. All of Income Insurance’s products are developed to benefit our customers but not all our products may be suitable for your specific needs. If you are unsure if a product is suitable for you, we strongly encourage you to speak to a qualified Income insurance advisor. Otherwise, you may end up purchasing a product that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you seek.

If you find that this plan is not suitable after purchasing it, you may terminate it within the free-look period, and obtain a refund of premiums paid.

Protected up to specified limits by SDIC.

Information is correct as at 1 April 2024.