Stack Up Programme

Stack Up Programme

TERMS AND CONDITIONS

1. Income Insurance Limited (“Income”) Stack Up Programme is a pilot programme offered to invited policyholders only (“Programme”).
2. Income is offering the following promotion(s) (the “Promotion”) for the Programme subject to these Terms and Conditions:
   • Invited policyholders who successfully purchased any of the Qualifying Policy (as defined in Clause 3) including any applicable rider(s) will receive FairPrice vouchers (“Vouchers”) as set out below:

• • Vouchers worth $20 for every Qualifying Policy purchased in addition to any existing or ongoing promotions/discounts offered by Income capped at $100 worth of Vouchers per policyholder.

• • To qualify for the Vouchers:
    • New sign-ups must be submitted during the Promotion Period (as provided under Clause 4)
    • Premium payment must be successfully received by Income during the Promotion Period; and
    • Premium frequency must be on yearly basis.

3. A customer shall be eligible to the Promotion with the purchase of the following policies, including any applicable rider(s):
   • PA Assurance
   • PA Guard
   • PA Rideguard
   • Personal Mobility Guard
   • Yearly Travel Insurance
   • Overseas Study Protection Plan
   • Enhanced Home Insurance
   • Home Ultimate Protect Insurance
   • Hospital Care Insurance; and
   • Domestic Helper Insurance

(collectively the “Qualifying Policies”, and each a “Qualifying Policy”). 

4. Applications for Qualifying Policies must be submitted to Income based on the dates set out in the following table for each call batch (both dates inclusive) (the “Promotion Period”). If such applications are approved by Income, the policies must be issued within the Promotion Period for the customer to be eligible to enjoy the Promotion. 

5. This Promotion may be enjoyed with any other consumer promotions available to members of the public at https://www.income.com.sg/. For the avoidance of doubt, all group insurance/employee benefits schemes are excluded from this promotion.
6. 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.
7. A policyholder who is eligible to enjoy the Promotion is entitled to receive Vouchers worth $20 per Qualifying Policy purchased with Income, capped at $100 per policyholder under this Promotion. Subsequent increase(s) in sum assured and/or premium amount, top-ups, or applications for riders, even if made during the Promotion Period, for the Qualifying Policy(ies) will not entitle the customer to additional vouchers. 
8. A customer who applies for the Qualifying Policy(ies) within 90 days from the date of expiry or cancellation of any existing/in-force Qualifying Policy(ies) with Income will not be eligible to enjoy this Promotion.
9. Income reserves the right to demand from a customer the full value of the Vouchers given to the customer for the purchase of Qualifying Policy(ies) under this Promotion where such Qualifying Policy(ies) are issued but terminated or lapsed within 6 months from the policy issue date by the customer, and the customer shall immediately pay Income such amount demanded. The full value of the Vouchers refers to the stated worth price or the face value of the Vouchers.
10. Income will issue the Vouchers to policyholders two (2) months after the Qualifying Policy(ies) issuance date, provided that the Qualifying Policy(ies) is/are in-force as of that date. The Vouchers will be mailed to policyholders at their last address in Income’s record.
11. The Vouchers are not exchangeable for cash or any benefits-in-kind.
12. Income reserves the right to replace the Vouchers with item(s) of similar value (“Replacement Item(s)”).
13. Usage of the Vouchers and/or Replacement Item(s) shall be subject to terms and conditions imposed by the merchant or manufacturer of the Vouchers and Replacement Item(s).
14. Each policyholder will be eligible to a maximum of Vouchers worth $100 regardless of the number of Qualifying Policies purchased during the Promotion Period or the number of insured persons under the Qualifying Policies).
15. Under no circumstances 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 and/or use of the Vouchers and Replacement Item(s).
16. Income is not the merchant or manufacturer of the Vouchers and Replacement Item(s) and provides no warranty in respect of the same. Income makes no warranties and shall not be responsible for all warranties, expressed or implied, including implied warranties of merchantability, fitness for a particular purpose, and against infringement of intellectual property rights in respect of the Vouchers and Replacement Item(s).
17. No joint venture, sponsorship, tie up, agency or any other relationship is intended or created between Income and merchant or manufacturer of the Vouchers and Replacement Item(s). Neither is this Promotion intended or deemed to be a connection with or use of the brand name of the merchant or manufacturer of the Vouchers and Replacement Item(s).
18. Income reserves the right to vary/amend the terms and conditions of this Promotion at any time without prior notice to customers.
19. Income’s decision on all matters relating to this Promotion (including the issuance of the Vouchers) shall be final, conclusive and binding. No appeals will be entertained. 

Important Notes:

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

All of Income’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.

Protected up to specified limits by SDIC. 

Information is correct as of 31 July 2023. 

Information is correct as at 14 August 2023.