Terms and Conditions of Prudential Prosperity Draw (the “Lucky Draw”)


A. Promotion Details

  1. Definitions:
    1. Prudential” means Prudential Assurance Company Singapore (Pte) Limited.

    2. “Eligible Customers” means both new and existing Prudential customer, who has a valid Singapore residential address and Singapore registered mobile number in Prudential’s records and has purchased an Eligible Insurance Plan and/or Eligible Insurance Protection Plan during the Lucky Draw Qualifying Period and there is no cancellation of policies within the fourteen (14) day free-look period.

    3. “Lucky Draw Qualifying Period” means the period between 1st February 2018 and 31st March 2018 (both dates inclusive).

    4. “Eligible Insurance Protection Plan” means any of the following Basic Plans that are on annual premium payment mode:

      Basic Plans
      PRUeasy term PRUlady PRUman PRUpersonal accident
      PRUTerm Vantage (SGD) PRUTerm Vantage (USD) PRUlink enhanced protector PRUlife
      PRUlife limited pay PRUfirst gift PRUterm ascend PRUterm plus advantage
      PRUmortgage PRUmortgage refund premier PRUmultiple crisis cover PRUearly stage crisis cover
      PRUlife multiplier flex PRULife Vantage Achiever II (SGD) PRULife Vantage Achiever II (USD)


    5. “Eligible Insurance Plan” means all other Prudential products that are on annual premium payment mode except for products with premiums that are funded by CPF savings.

  2. Eligibility
    1. This Lucky Draw is open to all Eligible Customers.

    2. The following categories of persons are not eligible to participate in the Lucky Draw: employees and financial consultants/representatives of Prudential, suppliers of the Prize(s), and any other company professionally connected to the Lucky Draw.

  3. Lucky Draw Mechanisms
    1. Prudential shall conduct one (1) lucky draw on the date set out below:

      Lucky Draw Qualifying Period Lucky Draw Date Number of winner(s)
      Submission and Inception 1 February 2018 – 31 March 2018 23 April 2018 97

    2. Eligible Customer has to satisfy the following during the Lucky Draw Qualifying Period in order to stand a chance to win the Prize(s) (as defined in Clause 5):


      With purchase of
      Eligible Insurance Plans on annual premium payment mode
      With purchase of
      Eligible Insurance Protection Plans on annual premium payment mode
      Number of Lucky Draw chances with every S$200 Annualised Premiums* 1 chance 18 chances

      *Annualised premium is defined as the total premium due in a year for the policy and supplementary benefit(s). Single premium products’ annualised premiums are calculated as 10% of total premiums paid.

    3. This Lucky Draw is only applicable for purchase of Eligible Insurance Plans and/or Eligible Insurance Protection Plans which are on annual premium payment modes.

    4. The number of chances for the Lucky Draw is determined on a per policy basis.

    5. Annualised premiums will be round down for purpose of calculating the number of chances for the Lucky Draw.

    6. Lucky Draw chances are accumulative throughout the Lucky Draw Qualifying Period. There are no limits to the number of chances Eligible Customers may earn during the Lucky Draw Qualifying Period.

  4. Conduct of Lucky Draw
    1. The Lucky Draw will be conducted at 7 Straits View, #06-01 Marina One East Tower, Singapore 018936 (or such another venue, date as may be determined at Prudential’s discretion.)

    2. A total of ninety-seven (97) winners (each a “Winner”) will be drawn at random by an audited lucky draw system. The Lucky Draw will be conducted in the presence of and be witnessed and audited by an employee of Prudential together with an external auditor. The number of winners for each Lucky Draw Qualifying Period is set out in Clause 3a.

  5. Prize(s)
    1. Each Winner will be eligible to win a prize (“Prize”). Prizes for the Lucky Draw are as follows:

      Description of Prizes Number of winner(s)
      Cash prize of S$18,888 1
      Cash prize of S$8,888 8
      Cash prize of S$888 88

    2. The Prizes are non-transferable, non-refundable and non-exchangeable for cash, credit, goods or benefits in kind.

    3. The Prizes must be redeemed no later than 31st July 2018, unless stated otherwise. If a Winner fails to claim his/her Prize within the time frame, his/her Prize will be forfeited and the Winner shall not have any claim against Prudential for such forfeiture. Prudential reserves the right to deal with the unclaimed Prize(s) in its sole discretion including donating the same to a charity of Prudential’s choice, where applicable.

  6. Prize Redemption/Collection
    1. The Winners of the Lucky Draw will be notified via SMSes and in writing by ordinary post based on their mailing address indicated for their policy ten (10) working days after the Lucky Draw has been conducted.

B. General Terms and Conditions for the Lucky Draw

  1. In case of any misconduct, fraud or abuse committed by an Eligible Customer, Prudential reserves the right to disqualify the Eligible Customer from the Lucky Draw. Prudential also reserves the right to disqualify any Eligible Customer without having to enter into any correspondences on their decisions.

  2. If Prudential subsequently discovers or determines in its absolute discretion that an Eligible Customer is not entitled to or is disqualified to participate in the Lucky Draw or is unable to adhere to the terms and conditions in relation to this Lucky Draw, Prudential shall, at its sole discretion, decide on the following: (i) forfeit the prize; and/or (ii) re-claim the prize from the Winner and select another qualifying Eligible Customer.

  3. Prudential will endeavour to hold the Lucky Draw on and at the advertised date, time and venue and by the mode (manually or electronically) as advertised, but reserves the right, in its sole and absolute discretion, to conduct the Lucky Draw by another mode in such circumstances as Prudential may deem appropriate.

  4. Acceptance of Prize shall constitute a release and discharge of Prudential by each Winner from any liability, claims, demands, causes of action, and/or damages which the Winner may have, whether known or unknown at the present time, of any nature whatsoever, arising out of or relating to: (i) the Lucky Draw, (ii) personal injury and/or property damage, theft, loss or death suffered by the Winner as a result of the redemption, use and/or enjoyment of the Prize, and/or (iii) any tax liabilities in relation to the Lucky Draw, Prize and/or use of enjoyment of the same.

  5. Prudential reserves the right to disclose and publish the name, and such other particulars (including photograph) of any Winner in such mode and manner as Prudential may in its sole discretion deem appropriate for publicity purposes and the Winner agrees to be photographed, the disclosure of his/her personal particulars, the use of his/her name, picture, image and voice for publicity purposes connected with the Lucky Draw and to co-operate with and participate in the activities organized by Prudential for this purpose without additional compensation.

  6. By participating in the Lucky Draw, i.e. by meeting the eligibility requirements, each Eligible Customer is deemed to have accepted and agreed to be bound by these Terms and Conditions and any other instructions, terms and conditions that Prudential may issue from time to time. In the event the Eligible Customer does not agree to these terms and conditions, he/she should opt out by responding to the SMS notification sent by Prudential to all Eligible Customers after the end of the lucky draw qualifying period.

  7. Prudential assumes no responsibility for incomplete, lost, late, damaged, illegible or misdirected forms or email communication, for technical hardware or software failures of any kind, lost or unavailable network connections, or failed incomplete, garbled or delayed electronic transmission which may limit an Eligible Customer’s ability to participate in the Lucky Draw.

  8. Prudential has the sole and absolute discretion to exclude any Eligible Customers from participating in the Lucky Draw without any obligation to furnish notice and/or reason.

  9. Prudential reserves the right to disqualify or disregard any Eligible Customer who does not comply with the Terms and Conditions.

  10. Prudential may at its discretion forfeit the Prize, or, if already awarded, reclaim the Prize at the expense of the Winner without payment, compensation, or having to give any reason whatsoever in the event Prudential subsequently discovers that the Winner is not eligible to participate in the Lucky Draw and/or to receive the Prize.

  11. Prizes are subject to availability while stocks last. Prudential reserves the right to replace any Prize with items of similar value at any time without prior notice.

  12. Prudential shall not be liable for any loss of, damage to, defects, delay, mis-delivery or non-delivery of the Prize.

  13. Prudential reserves the right to deal with any unclaimed Prize in any manner it deems fit. Prudential reserves the right to request for the Winners’ proof of eligibility, identity and/or otherwise for the purposes of verifying the Winner’s claim to the Prize(s) at the time of prize collection. Prudential is under no obligation whatsoever to disclose the identity of the Winners or to publish the same for any reason at any point of time.

  14. The Prizes are not exchangeable for cash, credit or any other items of equivalent value. The validity period of the Prize is non-extendable. Prudential will be under no obligation to replace or pay to Winner the value of any Prize(s) that are not utilised by the Winners before the end of the validity period of the Prize(s) as may be stipulated by Prudential and/or relevant merchants.

  15. The Lucky Draw is not valid in conjunction with other promotions carried out by Prudential, unless stated otherwise.

  16. By participating in this Lucky Draw, each Eligible Customer agrees and consents under the Personal Data Protection Act (Cap 26 of 2012) to the collection, use and disclosure of any and all personal data of the Eligible Customer by/to Prudential, advertising and promotional agencies of the Lucky Draw, appointed vendor who manages the fulfillment and/or redemption of Prize(s), and such other third party, in Prudential’s absolute discretion, consider appropriate or necessary in connection with the Lucky Draw and redemption of Prize(s).

  17. If an Eligible Customer provides Prudential with personal data of any third party, that Eligible Customer hereby:

    1. Agrees on behalf of that third party to be bound by the Terms and Conditions contained herein; and
    2. Consents on behalf of that third party, to Prudential’s collection, use, disclosure and processing of his/her personal data in accordance with the Terms and Conditions contained herein.

    The Eligible Customer warrants that he/she has obtained the said third party’s prior consent to such collection, use, disclosure and processing of his/her personal data by Prudential and that the personal data that the Eligible Customer provides to Prudential is true, accurate and complete.

  18. Prudential shall not be liable for any third party’s misuse of the Eligible Customer‘s submitted information and photograph as a result of the Eligible Customer taking part in the Lucky Draw.

  19. Unless prohibited by law, participation in the Lucky Draw constitutes permission for Prudential, its advertising and promotional agencies to use any of the Eligible Customers’ names, and/or likeness for advertising and promotional purposes. Each Eligible Customer further agrees and acknowledges that the copyright and all other intellectual property rights in and to all photographs or audio-video or other recordings of the Eligible Customer taken or made in connection with the Lucky Draw shall vest solely and absolutely in Prudential without any compensation to the Eligible Customer.

  20. Prudential may at any time at its absolute discretion, without prior notice or assigning any reason thereof or being liable to any person, (i) suspend, cancel or terminate the Lucky Draw, or (ii) delete, vary, supplement, amend, modify any one or more of the terms and conditions of the Lucky Draw. Prudential’s determination of all matters in connection with the Lucky Draw and the Prize shall be final, binding and conclusive. Prudential is not obliged to give any reason or prior notice on any matter concerning the Lucky Draw or the Prize. No appeal, correspondence or claims will be entertained. Prudential has the right and discretion to determine whether a party has met the requirements of the Lucky Draw and/or to receive the Prize. Eligible Customers shall not be entitled to any damages or compensation whatsoever or howsoever arising as a result of such amendment, suspension or termination.

  21. By participating in the Lucky Draw, all Eligible Customers agree and undertake to, at all times, indemnify, keep indemnified, and hold Prudential, its employees and agents harmless against all losses (including direct, indirect, incidental and/or consequential losses), damages (including general, special, and/or punitive damages), demands, injuries (other than personal injury caused by Prudential’s negligence), claims, costs, penalties, interest and fees (including all legal fees as between solicitor and client or otherwise on a full indemnity basis whether or not incurred in respect of any real, anticipated, or threatened legal proceedings), howsoever caused by, arising or resulting from, whether directly or indirectly, their participation in the Lucky Draw, acceptance or usage of any Prize, and/or any breach or purported breach of these Terms and Conditions and/or any applicable law.

  22. Prudential makes no warranty or representation as to the quality, merchantability or fitness for purpose of the merchants’ goods and services in respect of the Prize(s). Any dispute about the same must be resolved directly with the merchant. Merchant terms and conditions apply.

  23. In the event of any inconsistency or discrepancy between the Terms and Conditions and the contents of any brochure, marketing and/or promotional materials relating to the Lucky Draw, these Terms and Conditions shall prevail.

  24. Any trademarks, graphic symbols, logos or intellectual property contained in any materials used in connection with this Lucky Draw, in particular the Prize(s), are the property of their respective owners. Prudential is not affiliated with, or endorsed or sponsored by, such owners and their relevant affiliates.

  25. Failure by Prudential to exercise any of its right or remedy under these Terms and Conditions does not constitute a waiver of that right or remedy.

  26. The Terms and Conditions shall be governed by Singapore law and the Eligible Customers agree to submit to the exclusive jurisdiction of the courts of Singapore.

  27. A person who is not a party to any agreement governed by these terms and conditions shall have no right under the Contracts (Right of Third Parties) Act (Cap 53B) to enforce any of these terms and conditions.

Important Note

You are recommended to read the product summary and seek advice from a qualified Prudential Financial Consultant for a financial analysis before purchasing a policy suitable to meet your needs. Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable (if any) may be less than the total premiums paid. Investment products are subject to investment risks including the possible loss of the principal amount invested. The value of the units and the income accruing to the units (if any) may fall or rise. For Accident plans, the benefits will only be payable upon the occurrence of an accident. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. Premiums for some of the plans are not guaranteed and may be adjusted based on future claims experience. Foreign currency policies (e.g. USD) are subject to foreign exchange risk.

The information on this website is for reference only and is not a contract of insurance. Please refer to the exact terms and conditions, specific details and exclusions applicable to these insurance products in the policy documents that can be obtained from your Prudential Financial Consultant. The information contained on this website is intended to be valid in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore.

Information is correct as at 1 February 2018.

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