1. Policy T&Cs apply.
  2. The CapitaVouchers is only available for successful eligible applicants who have purchased Third Party plan, Third Party Fire and Theft plan or Comprehensive Plan, and each policyholder will be entitled denomination of CapitaVouchers stated in the terms and conditions. Subject to Income's underwriting decision.
  3. The following policyholders and/or customers are not eligible for this promotion:

•  The policyholder who chooses not to renew any lapsed Income Motorcycle Insurance policy which is entitled for renewal in order to purchase a new Third Party plan, Third Party Fire and Theft plan or Comprehensive Plan during the Promotion Period;

•  The policyholder who cancels any existing Income Motorcycle Insurance policy in order to purchase a new Income Third Party plan, Third Party Fire and Theft plan or Comprehensive Plan during the Promotion Period.

Other promotion terms and conditions apply.

  1. Income is offering CapitaVouchers worth up to $90.00 ("Promotional Gift") between 1 January to 31 December 2022 inclusive of both dates ("Promotion Period") to:

     i. Successful applicants who purchased a NEW Third Party plan, Third Party Fire and Theft plan or Comprehensive Plan ("Qualifying Policies") via Income website online at  https://insurance.income.com.sg/motorcycle-insurance,

    ii. Enters promo code "RIDE22" during check-out on Income's website and

   iii. With the "Qualifying Policies" total payable premium stated in the table below, each policyholder will be entitled to the following denomination of Vouchers.

• Get $25 CapitaVouchers with a total payable premium starting from $150 to $199.

• Get $35 CapitaVouchers with a total payable premium starting from $200 to $249.

• Get $50 CapitaVouchers with a total payable premium starting from $250 to $299.

• Get $65 CapitaVouchers with a total payable premium starting from $300 to $349.

• Get $90 CapitaVouchers with a total payable premium starting from $350 and above.

2. If the applicant has a motorcycle insured with another insurer and would like to change his motorcycle insurance policy to one of the Qualifying Policies, the applicant will be eligible for this promotion provided all the eligibility criteria set out under these terms and conditions has been met.

3. The following policyholders and/or customers are not eligible for this promotion:
     
a. The policyholder who chooses not to renew any lapsed Income Motorcycle Insurance policy which is entitled for renewal in order to purchase a new Third Party plan, Third Party Fire and Theft plan or Comprehensive Plan during the Promotion Period;
     b. The policyholder who cancels any existing Income Motorcycle Insurance policy in order to purchase a new Income Third Party plan, Third Party Fire and Theft plan or Comprehensive Plan during the Promotion Period;

4. Each eligible applicant shall receive one set of Promotional Gift for each Qualifying Policy purchased regardless the number of added riders in the Qualifying Policy.

5. Redemption letters for the Promotional Gift will be mailed to successful applicant of the Qualifying Policies purchased from 1 January – 30 June 2022 by 31 August 2022. Redemption letters for the Promotional Gift will be mailed to successful applicant of the Qualifying Policies purchased from 1 July – 31 Dec 2022 by 28 February 2023. Redemption letter will be mailed to applicant address registered with Income during the application for the Qualifying Policies, provided that the Qualifying Policy is still in-force as of that date.

6. Income reserves the right to demand from the successful applicant the full value of the Promotional Gift for Qualifying Policies which are issued but terminated within 6 months from the Qualifying Policy issuance date by the successful applicant, and the successful applicant shall immediately pay Income such amount demanded. The full value refers to the stated worth price or the face value of the Promotional Gift.

7. The successful applicant must bring along the Redemption Letter to redeem the Promotional Gift. The Promotional Gift can be redeemed at any of the collection centres listed in the Redemption Letter. The Promotional Gift must be collected within two months from the date of the Redemption Letter. Failing which, the successful applicant shall be deemed to have forfeited his right to the Promotional Gift and no compensation will be given or paid in lieu.

8. The Promotional Gift is not exchangeable for cash or any benefit in kind.

9. Income reserves the right to replace the Promotional Gift with items of similar value ("Replacement Item") at any time without prior notice.

10. Income shall not be liable to any applicant or any party, whether in contract or tort (including negligence) or otherwise, for any liabilities, losses and damages, claims, costs and expenses or for any special or consequential damages or losses in connection with, related to or resulting from the use of the Promotional Gift or the Replacement Item (if any).

11. Income is not the manufacturer or merchant of the Promotional Gift or any Replacement Item, and provides no warranty in respect of it. Income shall not be responsible for all warranties, expressed or implied, including implied warranties of merchantability, and fitness for a particular purpose and against infringement of intellectual property rights in respect of the Promotional Gift or any Replacement Item.

12. No joint venture, sponsorship, tie up, agency or any other relationship is intended or created between Income and the manufacturer or merchant of the Promotional Gift or any Replacement Item. Neither is this promotion intended or deemed to be a connection with or use of the brand name of the Promotional Gift or any Replacement Item.

13. This promotion is applicable to applicants who are Singaporeans, Permanent Residents of Singapore and holders of a valid Singapore employment pass, work permit pass, long term visit pass and student pass.

14. This promotion cannot be used in conjunction with any other promotions, unless otherwise stated by Income.

15. Income reserves the right to change the terms and conditions of this promotion without any prior notice.

IMPORTANT NOTES

You can find the usual terms and conditions of Third Party plan, Third Party Fire and Theft plan or Comprehensive Plan at www.income.com.sg/motorcycle-policy-condition.pdf.

This policy is 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 Income or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).

Information is correct as of 1 January 2022  

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