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News & Events |
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| IGI Rewards - Terms & Conditions |
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- The points accumulated are based on the Gross premium value of policies booked and settled with IGI. Gross premium means the amount of premium before the inclusion of taxes, and other surcharges, which include 5% administrative charges, 10% central excise duty, 1% federal insurance fee and Rs. 20 stamp duty.
- Points will be generated on Gross premium earned on sale of Travel Sure policies with effect from 30 April 2009.
- The Points accumulated can only be redeemed once the net premium against the policy is collected and net realized by IGI Insurance, net premium is the total figure inclusive of all taxes.
- Redemption order for any merchandise or item (a “Product”) is subject to IGI insurance’s approval and availability of the Product and supplier restrictions at the time of delivery.
- IGI Insurance does not act as supplier of the product. Its role is to simply place an order with the supplier on behalf of the winner for provision of rewards.
- IGI Insurance has taken and will take all reasonable care to ensure that product details and specifications as given on this gallery are accurate, but does not accept any liability for any inaccuracy contained therein. All descriptions of rewards are based on information provided by suppliers and IGI Insurance cannot accept any liability as to the accuracy of such descriptions.
- If a reward arrives damaged or faulty, you must notify IGI Insurance within two days of the receipt of the item giving full details including the name of the courier company or person. IGI Insurance shall assume no liability of any damaged item after two days of receipt.
- IGI Insurance reserves the right to change the Terms and Conditions at any time and without prior notice. IGI Insurance also reserves the right to substitute any reward for another reward of comparable value and nature.
- IGI Insurance’s decision on the reward redemption is final and no correspondence and dispute will be entertained.
- If at any time, any dispute arises in connection with either the IGI Rewards or these Terms and Conditions, IGI Insurance’s decision in connection with the same shall be final and binding.
- Participating travel agents must qualify as Authorized Travel Agents.
- IGI Insurance reserves the right to change or add to the gifts/prizes at any time.
- Redemption will be done at the end of each quarter.
- Minimum balance retained at all times will be 5% of the total points accumulated. This 5% will not be redeemable.
- Refunds on settled policies would be treated as a deduction in points upto the amount initially earned in points on sale of the same policy.
- The rewards being offered by M/s. IGI are not a matter of right, but an extra incentive being given to the travel agent depending upon the profitability of the venture and M/s. IGI reserves its right to call back this reward scheme, at any point in time, and at its free will, and further that no challenge could be made against the said withdrawal action.
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