In consideration of your agreeing to accept my authorisation for you to debit my Credit/Debit Card to pay insurance premium(s) under the given policy number(s), I expressly agree to the following Terms and Conditions:
- AIA shall determine to make the debit on regular intervals within a month and not be held responsible for any claims, loss, damage and expenses arising from the successful processing of the debit or the unsuccessful processing of the debit as authorised due to exceeding credit limit, malfunction of system, electricity failure and/or all other factors beyond the control of AIA. I shall resolve the problem with my Credit/Debit Card company at my own responsibility as AIA is only responsible for making arrangement to debit my Credit/Debit Card account through the Card Centre as per my authorisation.
- I will notify AIA in writing of any changes, loss or replacement of my Credit/Debit Card or cancellation of this authorisation one month before next premium(s) due, which shall only become effective after AIA has duly acknowledged receipt of such requests. AIA may at any time terminate this debit arrangements without assigning any reason by giving me one month’s notice in writing and/or change the Terms and Conditions of Credit/Debit Card without prior notice to me.
- I hereby agree to keep AIA indemnified against any claims, loss, damage and expenses which AIA may suffer arising from my authorisation to debit my Credit/Debit Card accounts as aforesaid.
- Insurance protection shall only commence from the date of approval of this application and subject to the successful processing of the debit by the Card Centre for the full modal premium(s) which, shall not be considered paid if otherwise.