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The following terms and conditions govern our Raffle Draw. Therefore, it is important that you read and understand them thoroughly before you engage in the Raffle Draw. 

By entering this Raffle Draw you are agreeing to be bound by the terms and conditions set out herein. 

  1. Raffle Draw will be valid from 01st of January 2021 to 31st March 2021
  2. Policyholders with new policies above 15,000/- monthly, 45,000/- quarterly, 75,000/- half yearly & 150,000/- annual premiums will be eligible for this raffle draw
  3. Customer/Policyholder is eligible for multiple entries and will be allowed an entry to the Raffle Draw for every Rs. 100,000 Annualized Premium* (ANBP) paid
  4. A customer/Policyholder has only one chance to win and entitled for one gift (according to the below table**) even though he/she has obtained multiple entries on multiple policies
  5. All policies should be introduced and accepted during the raffle draw period.
  6. Single premium & DTA policies will not be eligible for the draw 
  7. Raffle draw will be held 3rd week of April 2021 and the winners will be communicated via press ads. 
  8. On the day of the raffle draw there should be no outstanding premiums due and all policies must be in-force
  9. Union Assurance employees (including sales staff) and immediate family members will not be qualified to take part in this raffle draw.
  10. Union Assurance reserves the right to alter or amend the terms and conditions as it deems fit from time to time without any prior notice to the policyholder 
  11. Raffle draw prizes are not convertible to cash 

 

*Annualized Premium (ANBP) means the premium paid for a period of 1 year calculated by multiplying the premium paid by the mode (monthly =12, quarterly = 4, half yearly = 2, Annual =1) and will be rounded to the closest Rs. 100,000 for calculation purposes 

** Gifts table

 

 

Prize

No of winners

1st Place

 

iPhone 12 ProMax – 512GB

1

2nd Place

 

iPad Air 2020 (Cellular & WiFi) + Apple Pencil 2nd Gen + Keyboard

1

3rd Place

 

SAMSUNG Smart TV 55″ 

1

4th Place

10th Place

ASUS UX363 Laptops

7

11th Place

20th Place

SAMSUNG Smart TV 43″ (Full HD)

10

21th Place

30th Place

Samsung A30 phones

10

31st Place

50th Place

Mobitel Wifi router + free connection for 1 year (50GB per month)

20