In this Terms of Offer the following terms shall have the meaning assigned to them below:
- “Promotion” means SNACK Auto Invest Daily Bonus Promotion
- “Distribution” means the bonus that will be given by the fund manager due to good performance of the sub-fund.
- Eligible SNACK Products means any of these SNACK Products - SNACK Personal Accident, SNACK Critical Illness, SNACK Term Life or SNACK Investment,
- “Income” means Income Insurance Limited.
- “Investment” or “Invest” means a purchase of units from selected sub-fund using premiums or investment credit.
- “Complimentary investment credit” means the value in the form of credits accumulated under this Promotion that will be invested once it has been redeemed. The value of the Complimentary investment credit will not fluctuate, and it will not be eligible for any Distribution from the sub-fund, Asian Income Fund.
- “SNACK App” means the SNACK BY INCOME mobile application.
- “Bonus” means bonus(es) in the form of Complimentary investment credit won by the participants when they participate in the Promotion.
- “SNACK Personal Accident” means the micro insurance Personal Accident policy in the SNACK App.
- “SNACK Term Life” means the micro insurance Term Life policy in the SNACK App.
- “SNACK Critical Illness” means the micro insurance Critical Illness policy in the SNACK App.
- “SNACK Investment” means the micro investment linked policy in the SNACK App.
- ”SNACK Policy” means the SNACK micro insurance policy that is issued to a SNACK user when he / she performs a Lifestyle Activity.
- “Lifestyle Activity” means one or more actions that the policyholder has selected in the policy application via the SNACK App to perform the lifestyle activity requirement which, upon our receipt of the confirmation by the activity source of the policyholder’s completion of the lifestyle activity requirement and premium payment, will result in the issuance of the SNACK micro-insurance policy.
PROMOTION OFFER:
ELIGIBILITY:
1. You will be eligible for the Promotion if:
i) you are a Singapore Citizen or Singapore Permanent Resident;
ii) you are between 18-61 years old (inclusive of both years);
iii) you are an existing SNACK Account user;
iv) you have an active SNACK Investment policy;
v) you have turned on Auto Invest feature;
vi) you have set a weekly cap of minimum $25.00;
vii) you have successfully spent a minimum of $25.00 worth of premiums on any Eligible SNACK products weekly (by every Sunday) during the Promotion Period.
PROMOTION PERIOD:
2. The Promotion is valid from 14 Oct 2022 until:
i) 31 Dec 2022, or
ii) when all Bonus have been won by the participants;
(inclusive of both dates), whichever is earlier (the “Promotion Period”).
QUALIFYING TRANSACTIONS AND MECHANICS
3. Eligible SNACK users will be issued ONE Auto Invest Daily Bonus chance.
4. One Auto Invest Daily Bonus chance will give a SNACK user ONE chance to participate in the Promotion for a sure-win Bonus.
5. Eligible SNACK User is required to tap on the “GET YOUR BONUS” button to start the automatic draw. The item name displayed on the screen thereafter will be the Bonus that the eligible SNACK user may win.
6. Eligible SNACK user may win more than one Bonus throughout the Promotion Period.
7. Bonus won by eligible SNACK User is final and Income would not entertain any disputes or complaints on the Bonus.
8. The Bonus is non-transferable or non-exchangeable for cash, credit or benefits in kind, in full or part.
9. Income reserves the right to substitute any Bonus with another item of lower or equivalent value, whether of similar nature or otherwise without prior notice.
10. Once the Bonus result is determined by the automatic draw, the Bonus will be tied to the user’s account under “My Bonus”. In the event of any dispute of Bonus, Income shall have the full discretion to decide on the winner on this basis.
11. Income is not responsible for any computer software or communication failure in connection with the sure-win draw.
12. The Bonus is set out as below:
| S/N | Bonus Amount | Quantity |
| 1 | SNACK Investment complimentary credit worth $0.10 | 868 |
| 2 | SNACK Investment complimentary credit worth $0.50 | 31,690 |
| 3 | SNACK Investment complimentary credit worth $1.00 | 1,736 |
| 4 | SNACK Investment complimentary credit worth $10.00 | 243 |
| 5 | SNACK Investment complimentary credit worth $20.00 | 104 |
| 6 | SNACK Investment complimentary credit worth $200.00 | 69 |
BONUS REDEMPTION
13. If an eligible SNACK user wins the Bonus, an in-app notification will be displayed immediately in the SNACK App. Bonus will be credited into their active SNACK Investment policy and an email notification or in-app push notification will be sent to the respective winners by the following Monday.
14. Eligible SNACK user must keep their SNACK Investment policy in-force in order to receive the crediting of Bonus. In the event the eligible SNACK user terminates their SNACK Investment policy any time during the period and / or fails to comply with any other instruction or condition specified by Income, the Bonus will be forfeited.
15. Any request for extension to the redemption period of the Bonus will not be entertained.
16. The Promotion intended or deemed to be a connection with or use of the brand name of other merchants of the products and services offered by other merchants on the SNACK app.
17. Incomeʼs decision as the organiser of this Promotion is final and no correspondence will be entertained.
18. Income may vary these terms and conditions, or withdraw or discontinue the Promotion at any time without any notice or liability to any party.
19. In the event of any inconsistency between the terms and conditions of this Promotion and any brochures, marketing or promotional materials relating to the Promotion, these terms and conditions shall prevail.
Important Notes:
- This material shall not constitute an advice of the suitability of the product. You should seek independent advice from a qualified advisor where in doubt. Buying insurance products that are not suitable for you may impact your ability to finance your future insurance needs.
- The relevant policy contracts shall be made available to the applicant via the SNACK App. Terms, conditions and exclusions apply. This insurance plan is underwritten and issued by Income.
- Protected up to specified limits by SDIC.
Information is correct as of 13 Oct 2022
