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i) NTUC Vouchers

Regular Premium Plans
Annual Premium Amount NTUC Vouchers
3,600 - 8,000 125
8,001 - 11,000 175
11,001 - 14,000 250
14,001 - 17,000 325
17,001 - 20,000 400
20,001 & Above 500
Single Premium Plans
Annual Premium Amount NTUC Vouchers
30,000 - 75,000 50
75,001 - 120,000 100
120,001 - 180,000 150
180,001 - 250,000 250
250,001 - 500,000 350
500,001 & Above 450

 

ii) Special 12 Months Term Deposit Bundle Promotion.

Subject to Annual Premium Amount*
Deposit Amount 12 month
SGD 10,000 - 49,999.99 12 Month Promotion Rate + 0.25%*
SGD 50,000 - 100,000 12 Month Promotion Rate + 0.25%*

Minimum Deposit Amount: SGD $10,000
Maximum Deposit Amount: SGD $100,000

*Term Deposit Amount is derived based on the following:

  • Term Deposit Amount placed can be up to 4 times the Annual Premium Amount.
  • Minimum Regular Premium Amount to be eligible is SGD/USD 10,000.
  • The effective rate would be 0.25% of the current 12 month promotional rate offered by the Bank if there is no promotional rates for 12 month term deposit, 0.25% above board rate would apply.
  • Minimum Premium Term of insurance plan has to be at least 5 Years

*Prevailing Board Rate is subject to change without prior notice. Please visit www.sbising.com for Prevailing Board Rate and other terms & conditions.

 

Terms and conditions:

  1. NTUC Voucher/TD Bundle promotion is applicable for selected plans only:
  2. Customer can choose to take either NTUC Voucher rewards OR promotional TD bundle rate. NTUC Voucher rewards and TD bundle rates are only applicable for premiums paid by cash. Insurance plans payment using CPF funds are not eligible.
  3. NTUC Voucher rewards will only be given to the customer after the 14-day free-look period.
  4. NTUC Voucher rewards/Time Deposit Bundle rates quoted are applicable for insurance submissions for a limited period only and determined by SBI in its absolute discretion.
  5. TD Bundle Deposit application form can be sent and placed along with the insurance application form but if the insurance policy is surrendered / free looked / not incepted within the deposit tenor, normal board rate (at the time of placement of deposit) will be accorded for the time deposit bundle.
  6. This is an independent promotion and cannot be clubbed with any other offer and/or promotion from the bank.

Important Notes

SBI shall not be responsible for the quality, merchantability or the fitness for any purpose or any other aspect of the products and/or services provided by third parties. Notwithstanding anything herein, SBI shall not at any time be responsible or held liable for any loss, injury, damage, or harm suffered by or in connection with the products and/or services provided by third parties.

SBI has the right to vary the terms and conditions of the Promotion without prior notice or withdraw or discontinue the promotion at any time without any notice or liability. SBI decision on all matters relating to the Promotion will be at their absolute discretion and will be final and binding. In the event of any inconsistency between these terms and conditions and any brochure, marketing or promotional material relating to the promotion, these Terms and Conditions will prevail.

Buying a life insurance is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premium paid.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.