Terms and conditions for Sony Life Financial Advisers Pte. Ltd.
3rd Anniversary Promotion
(1st Nov 2021 to 31st Dec 2021)

  • The terms and conditions set below apply to the Sony Life Financial Advisers Pte. Ltd. (“SLFA”) 3rd Anniversary Promotion (“Promotion”) which runs from 1st Nov 2021 to 31st Dec 2021 (both dates inclusive).
  • Subject to the terms and conditions of the Promotion, customers who purchase any of the Qualifying Plans within the Qualifying Category (set out below) will enjoy the following benefits: -
    Qualifying Category Qualifying Purchase Amount Benefits *For Exclusive Customers
    a. Single Premium Life Insurance Policy Single Premium $30,000 to $49,999 $100 Cashback Additional $50 Cashback
    Single Premium $50,000 to $99,999 $250 Cashback
    Single Premium $100,000 and above $500 Cashback
    b. Regular Premium Life Insurance Policy Annualised Premium ≥$1,200 - $3,599 $50 Cashback
    Annualised Premium ≥$3,600 - $9,999 $100 Cashback
    Annualised Premium ≥$10,000 - $19,999 $250 Cashback
    Annualised Premium $20,000 and above $500 Cashback
    Note: Annualised Premium refers to the total premiums payable per policy year including the premiums payable for any attaching riders and premium loading (if any).
  • List of qualifying plans is attached in Annex 1 – List of Qualifying Plans
  • The qualifying criteria for each qualifying plan are as follows:
    1. Single Premium Plans
      i. ≥ 5 years term
    2. Regular Premium Plans
      i. Minimum premium purchase ≥$1,200 Annual Premium
  • Exclusive customers shall enjoy an additional cashback of $50 for every purchase of a Qualifying Plan.
  • Exclusive Customer refers to an existing customer who had already made two or more purchases of policies with SLFA before the 3rd Anniversary Promotion.
  • To enjoy the Benefits, all purchases must fulfil the following criteria:
    1. Application must be submitted between 1st Nov to 31st Dec 2021
    2. Policy must be issued by 31st Jan 2022
    3. Cashback must be claimed within 6 months from date of issuance of the policy.
  • Each qualifying plan is eligible for benefit corresponding to the benefits for that Qualifying Plan. For the avoidance of doubt, premiums cannot be combined across multiple Qualifying Plans. In the event that the cashback is applied more than once for any Qualifying Plan, SLFA reserves the right to recover the full value of cashback from the customer.
  • SLFA will credit the cashback to customer based on the policy issuance date as set out in the table below, provided that the policy is in-force as of the date of remittance.
    Month of Policies issued Remittance and/or Sending Date
    November 2021 By end of January 2022
    December 2021 By end of February 2022
    January 2021 By end of March 2022
  • The cashback will be credited into the policyholder’s PayNow account, registered with a Singapore Identification Number (NRIC) or Foreign Identification Number (FIN).
  • For customers without a valid PayNow account, the payment will be remitted to the policyholder’s bank account. The customer must provide an original copy of the most recent bank statement or bank book for verification purpose. SLFA shall retain a photocopy of the statement or bank book.
  • The customer will be notified of the remittance by way of either a SMS (the preferred option), email or post (for those without email account). SLFA will not be responsible for any non-receipt of the notification should there be a change of contact number, email address or mailing address of the customer.
  • Proof of credit into PayNow or remittance to the bank account posting shall be deemed as conclusive evidence of remittance.
  • SLFA shall not be responsible for any loss of bank interest for any delay of remittance.
  • The cashback is not transferable nor assignable in part or in whole.
  • The Promotion is solely organised for purchases made under the SLFA brand name. Participating in the Promotion will not preclude customers from enjoying other offers, bundles or promotions offered separately by the insurers during the Promotion Period unless specifically stated.
  • If the customer
    1. replaces an existing policy with the Qualifying Plan;
    2. cancels or surrenders the Qualifying Plan;
    3. lapses the Qualifying Plan;
    4. downgrades the plan type and/or deals with the Qualifying Plan in any way which reduces the total premium payable,
    within twelve (12) months from the date of issue of the Qualifying Plan, the customer shall return the value of cashback to SLFA. This shall include downgrading, cancellation or termination initiated by the insurer.
  • SLFA reserves the right to all legal recourse and/or compensation for the recovery of the cashback from customer.
  • Staff purchases are excluded from participating in the promotion.
  • SLFA reserves the right to vary the terms and conditions or withdraw the promotion or any products from the promotion at any time without prior notice.
  • The decision of SLFA on all matters relating to this Promotion shall be final and binding on all customers.
  • By participating in the Promotion, the customer agrees and consents to SLFA and its related corporations (collectively, the “Companies”), as well as their respective representatives, agents, authorised service providers and relevant third parties, collecting, using and/or disclosing personal data, for purposes reasonably required by the Companies to administer the Promotion and such other purposes as described in SLFA Privacy Statement which is accessible from SLFA website, which the customer confirmed, have read, and understood.
  • SLFA reserves the right to use the promotion for its marketing, promotional and advertising purposes. These shall include all forms of social media, video, news media or any publicity media channel as SLFA deems fit. By participating in the campaign, the customer is deemed to have given consent to SLFA to use his/her personal information, testimony, photographs or videos for such purposes.
  • The terms and conditions of the 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.
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