(collectively the “Qualifying Base Plans” or each a “Qualifying Base Plan”)
from The Great Eastern Life Assurance Company Limited (“GELS”) between 17 January 2020 and 31 March 2020 (both dates inclusive) and where the relevant plan is in force by 30 April 2020.
A 15% discount is applicable on the total premium payable for the first year (“Promotional Discount”) for the Qualifying Base Plan(s). The Promotional Discount will be reflected on the letter of conditional acceptance issued by GELS to the policyholder of the Qualifying Base Plan(s).
The Promotional Discount is not applicable to
(a) premiums for any attaching riders; and/or
(b) premium loading(s) imposed due to health reasons (if any).
If the policyholder:
(a) cancels or surrenders the Qualifying Base Plan, or the Qualifying Base Plan lapse(s);
(b) replaces the Qualifying Base Plan;
(c) downgrades the plan type and/or deals with the Qualifying Base Plan in any way which reduces the total premium payable; or
(d) changes the premium payment frequency of the Qualifying Base Plan
within twelve (12) months from the date of issue of the Qualifying Base Plan, the policyholder shall return the value of the Promotional Discount to GELS. GELS may deduct the value of the Promotional Discount from the cash value of the Qualifying Base Plan or from any sums due owing to the policyholder from GELS, in its sole discretion.
This Promotion is not valid with any other offers or promotions (including where premium vouchers are utilised for payment of premiums) held by GELS.
GELS reserves the right to vary the terms and conditions or withdraw this Promotion at any time without prior notice. The decision of GELS on all matters relating to this Promotion shall be final and binding on all customers.
By participating in the Promotion, you agree and consent to GELS and its related corporations (collectively, the “Companies”), as well as their respective representatives, agents, authorised service providers and relevant third parties (the Companies and all the other foregoing parties, collectively, “Great Eastern Persons”), collecting, using and/or disclosing your personal data, for purposes reasonably required by the Companies to administer the Promotion and such other purposes as described in GELS’ Privacy Statement which is accessible from GELS’ website, which you confirm you have read and understood.
The terms and conditions of this Promotion shall be governed by and interpreted in accordance with Singapore law. The courts of Singapore shall have exclusive jurisdiction over any disputes arising from the terms and conditions, including the validity and enforceability thereof.