2 July 2021

ACC2021-24

SPECIAL
ENROLMENT

SEIZE THE OPPORTUNITY

All images are for illustrative purposes and internal communications only.
 EDP Special Enrolment (July to October 2021)

A) EDP Special Enrolment Period

1 July 2021 – 31 October 2021

B) Eligibility
• Open to Agents contracted less than 24 months
• EDP application must be submitted before 31st October 2021

C) EDP Special Enrolment Pre-requisite Production

• YTD TPC 15,000 prior to the EDP Special Enrolment application
• All EDP Special Enrolment application is subject to company approval

ELIGIBILITY PRE-REQUISITE

10,000 TPC
Normal EDP Enrolment Not more than 12 Months Agent (Within 3 Months prior to the EDP
Application)

1. YTD 15,000 TPC

EDP Special Enrolment Open to Agents contracted less
than 24 months 2. Subject to company approval
(July – October 2021)

D) EDP Requirements, Training, Treatments & Benefits

EDP requirements, training, treatments and benefits of EDP remain unchanged as per Circular ACC2021-
10 dated 7 Jan 2021.

Illustrations of possible scenarios listed below:

GENERAL PROVISIONS

1. Treatment of SST
1.1. SST payment amounts will not be counted as part of production, or for persistency calculations.

2. Treatment for Eligibility

2.1. If an Agent is promoted to an Agency Leader during the contest period, then he/she is eligible to
participate under Agency Leader categories.
2.2. If an Agency Leader is demoted to an Agent during the contest period, then he/she is eligible to
participate under Agent categories only.

3. Treatment of rewards.
3.1. All qualifiers must maintain a valid contract with the Company at the time of receiving the reward.
3.2. Rewards won are not exchangeable in lieu of cash or any other benefits in kind, unless otherwise
specified.
3.3. Rewards are subject to tax, in accordance with the requirements of the Inland Revenue Board (IRB).
3.4. Fulfillment of incentives / reward items will be carried out upon the closing of the required monitoring and
tracking period.

4. Premiums / contributions from new business / endorsements which are found to be reduced or cancelled,
within the contest period or within 6 months from the end of the contest period, will be adjusted accordingly.
4.1. The adjustment applies to CFI, lapsation, removal of riders, and any other action that causes a reduction
in premiums / contributions.
4.2. The Company reserves the right to claw back rewards, where applicable.

5. Treatment for production / cases Cancelled From Inception (CFI).

5.1. Any production or case count from policies/certificates which are cancelled from inception, will be
deducted for all relevant contests, as per the cancellation effective date, irrespective of the year in which
the policy/certificate was incepted initially.
5.2. The Company reserves the rights to claw back the relevant rewards, if after the contest period CFI causes
a qualifier to be disqualified from the reward.

6. Treatment for Lapsation.

6.1. Any production or case count from policies/certificates which are captured and lapsed within the same
financial year, will be deducted for all relevant contests, as per the lapsation effective date.
6.2. Any policy/certificate that lapses within the contest period must be revived within the same contest
period, to avoid deduction of production and case count.

7. The Company reserves the right to disqualify any Agency Leader / Agent from receiving the relevant awards,
or claw back the relevant rewards, in the following situations, but not limited to these situations only:
7.1. The Agency Leader / Agent is found to have breached any requirements stipulated by the Company, or
any provision in his/her Agency Agreement with the Company, or if he/she is found to have breached
his/her fiduciary duties to PAMB/PruBSN.
7.2. The Agency Leader / Agent has placed production / case count under their spouse, under any other
Agency Leader / Agent.
7.3. The Agency Leader / Agent has policies/certificates that are detected under premium/contribution
churning.

8. The Company’s decision on all matters relating to any contest or reward will be final and binding on all persons
participating in the contest or reward.
8.1. The Company reserves the right at its absolute discretion to amend, delete or add to any of the rules and
general provisions from time to time, if and when it is necessary, without prior notice.

ACC2021-24
Page 2
The General Provisions on page 2 will apply to all contests in this circular.