|No of years from Policy commencement date||Surrender Charge / Partial Withdrawal Charge (% of amount withdrawn from Account Value)|
|7 and above||0%|
|With ‘Lump Sum’ Premium
Payment of first year premium and pre-payment of second year premium at application
|Payment of premiums over 2 Years
Payment of first year premium only at application
|· First Year Premium & Second Year Premium
Only payable via Direct Debit – DBS/POSB bank account
|· First Year Premium |
Only payable via Direct Debit – DBS/POSB bank account · Second Year Premium
This payment can be made through the following options after you receive our premium notice closer to the premium due date:
a) GIRO through a DBS/POSB bank account registered with us during application.
b) FAST (Fast And Secure Transfers), offered by participating banks in Singapore, to our Malayan Banking Berhad account (Account No.: 04011519938).
When you are making this payment via FAST, please key in your NRIC/FIN to allow us to identify the payment you had made. You may refer to Appendix A for reference on where to enter your NRIC/FIN in the FAST screen.
Note: For use of FAST, there is a maximum limit of S$200,000 per transaction subject to your daily or monthly withdrawal limits.
c) Cheque. The cheque payment should be crossed and made payable to “Etiqa Insurance Pte. Ltd.” Please indicate your name and NRIC/FIN on the reverse side of your cheque. You may download our Business Reply Envelope and mail it to: One Raffles Quay #22-01 North Tower Singapore 048583.
|Policy Anniversary Date||Scheduled Deduction Dates|
|1st attempt||2nd attempt (If 1st attempt unsuccessful)|
|1st of current month to 15th of current month||10th (of current month)||25th (of current month)|
|16th of current month to 31st of current month||25th (of current month)||10th (of following month)|