In this Terms of Offer the following terms shall have the meaning assigned to them below:
- “Promotion” means SNACK DIP LUCKY DRAW (MAY)
- “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 Accident, SNACK Critical Illness, SNACK 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.
- “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 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.
- “Prize” means prize(s) won by the participants when they participate in the Promotion.
- “SNACK Accident” means the micro insurance Accident policy in the SNACK App.
- “SNACK Life” means the micro insurance 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.
- ”Premiums” means the amount of money that was used to buy the Eligible SNACK Products.
- "SNACK Policy" means paid or free policy issued for any eligible SNACK Products.
- "NTUC Union Member" means participants that are registered with NTUC Union Membership and have linked their SNACK+ with their NTUC Union Membership.
- 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 user with Eligible SNACK Products;
iv) you have been issued a SNACK policy or SNACKUP policy via the SNACK App.
- The Promotion is valid from 8 May 2023 until:
i) 15 May 2023, or
ii) when all SNACK Dip Prizes have been won by the participants;
(inclusive of both dates), whichever is earlier (the “Promotion Period”).
QUALIFYING TRANSACTIONS AND MECHANICS
- Eligible SNACK users will be issued ONE chance ("SNACK Dip chance") for every SNACK policy that is issued for the first time during the Promotion Period. NTUC Union Member will be issued THREE chance ("SNACK Dip chance") for every SNACK policy instead.
- One SNACK Dip chance will give a SNACK user ONE chance to participate in the Promotion for a prize.
- Eligible SNACK User is required to tap on the “DRAW NOW” button to start the automatic draw. The item displayed on the screen thereafter will be the prize that the eligible SNACK user (“SNACK Dip Prize”) have won.
- Eligible SNACK user who has used a SNACK Dip chance to start the automatic draw may or may not win a SNACK Dip Prize.
- Eligible SNACK user may win more than one SNACK Dip Prize throughout the Promotion Period.
- SNACK Dip Prize won by eligible SNACK User is final and Income would not entertain any disputes or complaints on the SNACK Dip Prize.
- The SNACK Dip Prize is non-transferable or non-exchangeable for cash, credit or benefits in kind, in full or part.
- Income reserves the right to substitute any SNACK Dip Prize with another prize of lower or equivalent value, whether of similar nature or otherwise without prior notice.
- Once the SNACK Dip Prize is determined by SNACK App, the prize will be tied to the user’s account under “My Prize”. In the event of any dispute of SNACK Dip Prize, Income shall have the full discretion to decide on the winner on this basis.
- Income is not responsible for any computer software or communication failure in connection with the lucky draw.
- The SNACK Dip Prizes is set out as below:
|SNACK Dip Prizes
|$500 INVESTMENT CREDITS
|$10,000 ACCIDENT COVERAGE
|$10,000 LIFE COVERAGE
|$10,000 CRITICAL ILLNESS COVERAGE
|$10 FOODPANDA VOUCHER
|$5 INVESTMENT CREDITS
|$0.50 INVESTMENT CREDITS
|$100 ACCIDENT COVERAGE
|$100 LIFE COVERAGE
|2X SNACK DIP CHANCES
- If an eligible SNACK user wins a SNACK Dip Prize ("SNACK Dip winners"), an in-app notification will be displayed immediately in the SNACK App. An email notification or in-app push notification will be sent to the respective winners by 15 Jul 2023. SNACK Dip winners have to follow the instructions stated on the email or push notification to redeem their SNACK Dip Prize. SNACK Dip winners need to be a valid SNACK registered users and have started the respective SNACK Products to enjoy the relevant SNACK Dip Prize (complimentary investment credits or coverage).
- In the event if SNACK Dip winners fails to perform the instructions within the redemption period stated and / or fails to comply with any other instruction or condition specified by Income, the SNACK Dip Prize may be forfeited at Income’s sole discretion.
- Any request for extension to the redemption period of the SNACK Dip Prize will not be entertained.
- Usage of the SNACK Dip Prize is subject to the merchant’s or manufacturer’s terms and conditions of use. SNACK Dip winner and/or any other persons who benefit from the SNACK Dip Prize accept and enjoy the SNACK Dip Prize at their own risk. Income shall not be responsible or liable for any defect or malfunction in the SNACK Dip Prize and/or for any losses, injuries, damages, claims, costs and expenses or for any special or consequential damages or losses, or harm suffered or incurred or in connection with the receipt, use or enjoyment of the SNACK Dip Prize by any person.
- Apart from complimentary investment credits or coverage for Eligible SNACK Products, Income is not the manufacturer or merchant of the SNACK Dip Prize. Income shall not be responsible for and neither does Income provide any warranties, expressed or implied, including warranties of merchantability, fitness of a particular purpose and non-infringement of intellectual property rights in respect of any SNACK Dip Prize.
- No joint venture, sponsorship, tie up, agency or any other relationship is intended or created between Income and the manufacturer or merchant in respect of the SNACK Dip Prize (apart from complimentary investment credits or coverage for Eligible SNACK Products). Neither is the Promotion intended or deemed to be a connection with or use of the brand name of other merchants of the SNACK Dip Prize, including with the products and services offered by the other merchants.
- Incomeʼs decision as the organiser of this Promotion is final and no correspondence will be entertained.
- Income may vary these terms and conditions, or withdraw or discontinue the Promotion at any time without any notice or liability to any party.
- 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.
- 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 7 May 2023