Please carefully read through the following declaration before accepting.
Download Terms and Conditions
1.I/We warrant in favour of International Wealth that:
1.1 I/We confirm that I/We have read the product literature including the policy Terms and Conditions.
1.2 I/We hereby consent to receiving our Policy Schedule and Terms and Conditions in digital format (should the Applicant(s) wish to receive their Policy Schedule and Terms and Conditions in paper-based form, then the Applicant(s) should notify International Wealth of their requirement).
1.3 By signing this Application, I/We agree to the policy being governed by the policy Terms & Conditions. I/We confirm that all of the information I/We have provided in this application, along with any supporting forms, questionnaires, statements, reports or other information are true and complete.
1.4 I/We confirm that to the best of our knowledge and belief, I/We are not subject to any legislation that would make my/our investment into this policy unlawful.
1.5 I/We are aware that International Wealth does not provide investment advice, is not responsible for managing the investments and does not determine whether or not investments are suitable for me/us. I/We understand that International Wealth offers access to a range of investment instruments including funds, shares, ETF’s and structured notes offered by external companies. I/We accept that ultimate responsibility for the selection of investments lies with me/us and/or our appointed Financial Advisor; if funds underperform and as a consequence the policy drops in value, I/We accept this is not the fault of International Wealth.
1.6 I/We request that International Wealth allocates my/our premium to the investments selected as part of this Application. In order for International Wealth to do this I/We confirm the following:
a) I/We agree to International Wealth acting on instructions received from me/us or our appointed Financial Advisor, and I/We will read the documentation issued by the fund manager/product promoter for each investment prior to selecting it for our policy.
b) I/We are aware that some investments may have terms and conditions that could: restrict International Wealth from realising a cash value when requested and prevent International Assurance paying out benefits from the policy in a timely fashion; result in International Wealth having to pay back some or all of the sale proceeds if an adjustment has to be made after the payment. If International Wealth is required to make such a repayment and the policy value is too low to cover it, or I/we have surrendered the policy, I/We agree to compensate International Wealth for any loss that it has suffered as a result.
c) I/We accept that International Wealth has the right to sell funds linked to the policy without requiring our permission. International Wealth may do this if it decides that a fund may have harmful legal, tax or other consequences under law.
d) I/We are aware that there may be fees to pay when International Wealth sells one or more of the investments linked to the policy. Any fees due when selling an investment should be detailed by the fund manager/product promoter in the fund/product documentation.
e) I/We confirm that I/We are aware of the fees that I/We may pay in relation to our chosen investments.
1.7 I/We have fully familiarised ourselves with any applicable income tax and exchange control laws and regulations regarding the purchase of investments.
1.8 I/We are not prevented or restrained legally, commercially or otherwise from purchasing the product from International Wealth in accordance with the terms of this agreement.
2. I/We hereby indemnify International Wealth, the Company, its officers, all shareholders in and the directors of the Company and cells and hold them harmless against any claims that might hereafter be made against them arising from the purchase or sale of any investments.
3. I/We declare that I/we are not, nor are any beneficiaries nor lives assured, resident in Mauritius for the purpose of the Income Tax Laws in force in Mauritius and undertake to notify International Wealth if this declaration ceases to be correct.
4. I/We understand our application will not be accepted unless cleared funds and the applicable Know Your Client information has been received with valid supporting documentation. Details of the required additional documentation are available on request from your Financial Advisor. The Compliance Officer reserves the right to request any further documentation as and when required.
5. I/We the undersigned, confirm that I/We have read this application and accept the terms and conditions, which may be amended from time to time. The Terms & Conditions are also available on the company's website - www.international-assurance.com
6. I/We acknowledge and agree that:
6.1 International Wealth has informed us that it has a Data Protection and Privacy Policy which is available on its website as a download;
6.2 International Wealth has informed us that it has a Complaints Handling Policy which is available on its website as a download;
6.3 information provided to International Wealth by me/us will be stored on their computer systems and manually by its agents and delegates;
6.4 I/We as the Guardian/parent of the Child ( Minors under the age of 16 years of age ) under the beneficiaries section of this application form hereby consent to the use of the Data provided;
6.5 for the purposes of the Data Protection Act 2017 in force in Mauritius (the “Data Protection Law”) and other relevant data protection legislation which may be applicable, International Wealth is required to specify the purposes for which it will hold personal data. International Wealth will only use such information for the purposes set out below (collectively, the “Purposes”), being to:
6.5.1 process our personal data (including sensitive personal data) as required by or in connection with our investments with International Wealth including the processing of personal data in connection with credit and money laundering checks on ourselves;
6.5.2 communicate with us as necessary in connection with our affairs and generally in connection with our
investments with International Wealth;
6.5.3 provide personal data to such third parties as International Wealth may consider necessary in connection with our affairs and generally in connection with our investments with International Wealth including to third parties outside Mauritius;
6.5.4 without limitation, provide such personal data to the Financial Advisor, notwithstanding that any such party may be outside Mauritius;
6.5.5 transfer personal data to other companies within the same group as International Wealth (including to any such companies which are outside Mauritius), including by means of electronic communications;
7. I/We declare that the information provided in this application and any additional documentation is true and complete to the best of my/our knowledge and that I/We agree to provide additional information if requested by International Wealth.
7.1 I/We understand our rights as Data Subjects as detailed in International Wealth’s Data Protection and Privacy Policy and that I/we have the rights to:
7.1.1 on written instruction, request International Wealth to provide us/me, without excessive delay and free of charge, confirmation as to whether or not personal data relating to ourselves is being processed and a copy of the data processed.
7.1.2 on written instruction, request International Wealth to provide me/us with details of how it protects our personal data.
7.1.3 on written instruction, request International Wealth to restrict the use of our personal data.
7.1.4 on written instruction, request International Wealth to amend any personal data it holds on ourselves.
7.1.5 on written instruction, request International Wealth to destroy the Data held on ourselves (unless the keeping of said Data is required by Law).
8. I/We declare that the information provided in this application and any additional documentation is true and complete to the best of our knowledge and that we agree to provide additional information if requested by International Wealth.
9. In providing International Wealth with information, i/we hereby represent and warrant to International Wealth that i/we have obtained the consent of any data subjects other than ourselves to the International Wealth holding and using their personal data for the purposes other than the purpose set out above (including the explicit consent of the data subjects for the processing of any sensitive personal data for the purposes set out above) and that we will use our best endeavours to obtain the consent of the data subjects to International Wealth and using personal data for the processing of any personal data for the purpose set out above. For the purposes of this application form, “data subject”, “personal data” and “sensitive personal data” shall have the meanings attributed to them in the Data Protection Law.
10. I/We understand that International Wealth does not provide legal/tax or financial advice and it is our responsibility to seek independent legal/tax or financial advice before completing the application form.
11. I/We declare that all monies transferred to International Wealth or its agents/delegates come from legitimate sources and agree to further justify the source of the funds to International Wealth on request.
12. I/We understand that I/We are solely responsible for investments in International Wealth, the value of which may rise or fall and that there is no financial guarantee against loss of investment.
13. I/We hereby authorise International Wealth to accept facsimile/e-mail/other electronic documents and instructions regarding our International Wealth Portfolio Bond (hereafter referred to as ‘electronic documents and instructions’). I/We accept that if I/We suffer any loss as a result of International Wealth’s acceptance or interpretation of any electronic documents and instructions coming from or purporting to come from me/us or our Financial Advisor, I/We shall have no claim against International Wealth. I/We further agree to indemnify International Wealth against any claims, demands, proceedings or actions which may be brought against International Wealth (by any person, including us) and against any liabilities, costs, charges, losses or expenses incurred directly or indirectly by International Wealth as a result of it acting in accordance with any electronic documents and instructions given (other than where there is fraud, gross negligence or wilful misconduct on the part of International Wealth or its officers or employees).
14. I/We agree to this policy being governed by Mauritius law and to the Courts in Mauritius having the right to decide any case that may be brought in relation to this policy.