Award Categories
| Award Categories | Requirements | Application Fee |
|---|---|---|
| APFinSA Award | (FYP Credits as per table) | SGD 288 |
| APFinSA Excellence Award | 2 x FYP Credits | SGD 288 |
| APFinSA Star Award | 5 x FYP Credits | SGD 388 |
| APFinSA Pinnacle Award | 10 x FYP Credits | SGD 388 |
| APFinSA Leadership Award – Gold | 3 Awardees | SGD 388 |
| APFinSA Leadership Award – Diamond | 5 Awardees | SGD 388 |
| APFinSA Leadership Award – Platinum | 10 Awardees | SGD 388 |
Eligibility
1. Qualification
Any licensed financial practitioner who is able to deliver the required First Year Premium Credits may apply for the respective awards.
2. APFinSA Award Status
An award when conferred shall be valid for one year only. Fresh applications based on attained eligible premiums, shall be submitted for each of the subsequent years.
3. APFinSA Excellence Award
An individual shall be conferred an APFinSA Excellence Award upon meeting 2 times the respective First Year Premium (FYP) Credits..
4. APFinSA Star Award
An individual shall be conferred an APFinSA Star Award upon meeting 5 times the respective First Year Premium (FYP) Credits.
5. APFinSA Pinnacle Award
An individual shall be conferred an APFinSA Pinnacle Award upon meeting 10 times the respective First Year Premium (FYP) Credits.
6. APFinSA Leadership Awards
An individual qualifies for an APFinSA Leadership Award in the following categories:
- “APFinSA Leadership Award – Gold” if he/she has 3 awardees in his/her team.
- “APFinSA Leadership Award – Diamond” if he/she has 5 awardees in his/her team.
- “APFinSA Leadership Award – Platinum” if he/she has 10 awardees in his/her team.
7. Hall of Fame
An individual shall be admitted into the Hall of Fame when he/she qualified for the award for a minimum of 8 years (need not be consecutive years).
Verifications
1. Verifying Production Credits
First year premium production must be verified and endorsed by the financial organization you represent and also by the local association which must be a member of APFinSA.
2. Application Forms
The Application Form will be available on APFinSA website (www.apfinsa.org) from 15 December 2023. The application form must be properly filled, duly signed and sent to respective local national association who is a member of APFinSA.
Closing date of submission is 28 February 2024.
Eligible Products & Credits
| Products (Individual) | Premium Credit |
|---|---|
| Individual Life Insurance | 100% of first year premium |
| Individual Annuities | 100% of first year premium |
| Individual Critical Illness | 100% of first year premium |
| Individual Disability Income | 100% of first year premium |
| Accidental Death and Dismemberment (Individual) | 100% of first year premium |
| Regular Pay Variable Unit Linked Products | 100% of first year premium |
| Long-Term Care (Individual) | 100% of first year premium |
| Endowment Plans/Products (For 5 Years to pay and up) |
100% of first year premium |
| Individual Health Insurance | 100% of first year premium |
| Financial Planning Fees | 100% of first year premium |
| Products (Group) | Premium Credit |
|---|---|
| Premium Deposit Fund | 10% of first year premium |
| Top Up | 10% of first year premium |
| Single Premium (Whole Life and Investment) | 10% of first year premium |
| Mutual Funds/Asset Management Accounts | 10% of first year premium |
| Accidental Death and Dismemberment (Group) | 10% of first year premium |
| Critical Illness (Group) | 10% of first year premium |
| Temporary and Permanent Disability Income (Group) | 10% of first year premium |
| Group Life Insurance | 10% of first year premium |
| Corporate/Group Health Insurance | 10% of first year premium |
| Long-Term Care (Group) | 10% of first year premium |