For enquiries on the Promotion, Customers may reach out to Income via csquery@income.com.sg

The Promotion is not to be construed as an offer, recommendation, advice or solicitation for the subscription, purchase or sale of any investment-linked plan (β€œILP”) sub-fund. The Promotion does not constitute financial advice and does not have regard to the specific investment objectives, financial situation and particular needs of any persons.

  1. Income Insurance Limited (β€œ Income Insurance β€) is offering the following promotion(s) (the β€œPromotion”) subject to these Terms and Conditions:
    1.1. A customer shall be eligible to receive bonus units in the fund(s) (the β€œBonus Units”) in which the customer invests through the purchase of an Invest Flex Plan (collectively the β€œQualifying Policies”, and each a β€œQualifying Policy”). The Bonus Units which each customer will be eligible to receive shall be determined in relation to a percentage of the first-year premium amount of the Qualifying Policy(ies) (β€œApplicable Percentage of Bonus Units on First-Year Premium Amount”) in accordance with the tables above.
    1.2. The number of Bonus Units (rounded to the nearest whole number) which each customer will be eligible to receive shall be determined by taking the amount equivalent to the Applicable Percentage of Bonus Units on First-Year Premium Amount and dividing it by the bid price of the fund in which the customer invests through their Qualifying Policy at the date of issuance of the Qualifying Policy.
    1.3. Where there is more than one fund in which the customer invests through their Qualifying Policy, the amount equivalent to the Applicable Percentage of Bonus Units on First-Year Premium Amount shall be apportioned following the allocation ratio of the Qualifying Policy to the funds.
  2. For a customer to be eligible to enjoy the Promotion, the application for the relevant Qualifying Policy(ies) must be submitted to Income Insurance from 1 July 2024 to 31 July 2024 (both dates inclusive) (the β€œPromotion Period”), and if such application(s) are approved by Income Insurance, the relevant Qualifying Policy(ies) must be issued by Income Insurance no later than 30 September 2024.
  3. A customer may not enjoy the Promotion in conjunction with any other promotion and/or incentive offered by Income Insurance.
  4. A customer who is eligible to enjoy the Promotion is entitled to Bonus Units only once under this Promotion in respect of each Qualifying Policy. For avoidance of doubt, a customer with any Invest Flex Plan, whether issued before or during the Promotion Period, and whether with any eligibility to enjoy the Promotion, who subsequently increases their premium amount during the Promotion Period will not be eligible to enjoy the Promotion as a result of such increase in premium amount.
  5. Following determination of the Bonus Units which a customer is eligible to receive under the Promotion and issuance of the Qualifying Policy(ies), Income Insurance shall send to the customer at their address registered with Income Insurance the following documents reflecting the details of the Bonus Units:
    5.1. Letter confirming the Bonus Units; and
    5.2. First monthly investment-linked policy statement.
  6. Income will issue the Bonus Units to eligible customers based on the policy issuance date as set out in the table below, provided that the policy is in-force as of the issuance date of the Bonus Units.

7. Income Insurance reserves the right to demand from a customer the full value of the Bonus Units received by a customer for the purchase of Qualifying Policy(ies) under this Promotion where Qualifying Policy(ies) are issued but terminated or lapsed within 6 months from the Qualifying Policy issue date, and the customer shall immediately pay Income Insurance such amount demanded. The full value of the Bonus Units refers to the dollar amount equivalent to the Bonus Units multiplied by the bid price of the fund in which the customer invests through their Qualifying Policy, as at the date of issuance of the Qualifying Policy.

8. Bonus Units are not exchangeable for cash or any benefits-in-kind.

9. The Promotion does not affect or change any term, condition or 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.

10. Under no circumstance shall Income 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 reserves the right to vary/amend the terms and conditions of this Promotion at any time without prior notice to customers.

12. Income's decision on all matters relating to this Promotion shall be final, conclusive and binding. No appeals will be entertained.

Investments are subject to investment risks including the possible loss of the principal amount invested. Before committing to the minimum investment period of any policy/plan/product, a potential investor may wish to consider the length of their investment expectations or needs, and their ability to continue the payment of premiums should their financial situation change. Past performance, as well as the prediction, projection or forecast on the economy, securities markets or the economic trends of the markets are not necessarily indicative of future or likely performance of any ILP sub-fund. The performance of any ILP sub-fund is not guaranteed and the value of the units in the ILP sub-fund and the income accruing to the units, if any, may fall or rise. A product summary and product highlights sheet(s) relating to all ILP sub-funds are available and can be obtained from your insurance advisor or online at www.income.com.sg/funds. A potential investor should read the product summary and product highlights sheet(s) before deciding whether to subscribe for units in the ILP sub-fund.

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. Purchasing a life insurance plan is a long-term commitment on your part. If you cancel your plan prematurely, the cash value you receive (if applicable) may be zero or less than the premiums you have paid for the plan.

The precise terms, conditions and exclusions of the Invest Flex plan are specified in income.com.sg/invest-flex-policy-conditions.pdf.

Protected up to specified limits by SDIC.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Information is correct as at 1 July 2024.

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