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Scotia Insurance Education Wealth Plan Scholarships

Enter to WIN a Scotia Insurance Education Scholarship valued at $150,000

The promotion will give existing ScotiaMINT customers the chance of winning a scholarship to a tertiary or secondary institution. One (1) Tertiary/Secondary Scholarship valued at J$150,000 will be offered in each branch.

Promotion Dates: July 25 to August 19, 2022

Grand prize draw: August 25, 2022

Eligible Applicants: This promotion will provide persons who have saved consistently during this period, and maintained their pre-authorized payments eligibility for entry into this promotion.

Click here to download  application form

Official Rules and Regulations

Eligibility

This promotion is open to legal residents of Jamaica where the Education Wealth Plan is opened, who are 18 years of age or older, with the exception of employees of The Bank of Nova Scotia Jamaica Limited (hereinafter referred to as “The Bank”) and its respective parent companies (The Bank of Nova Scotia), subsidiaries (The Scotia Jamaica Building Society, Scotia Investments Limited and Scotia Jamaica Life Insurance Company Limited) and those living in the same household of each and their immediate families (spouses, parents, children and siblings and their respective spouses).

The scholarship is applicable only to existing customers who have a ScotiaMINT policy and have established a Pre-Authorised Payment (PAP) plan for at least 12 months consistently.

Only current ScotiaMINT policies that have not missed any payments will be considered providing they have met the minimum requirements as established in this document. 

To be eligible for this scholarship the policyholder must have maintained 12 months minimum monthly Pre-Authorised Payments as follows: JA$3,500 premium to ScotiaMINT policy.

How to qualify for annual scholarships 

Existing ScotiaMINT customers who have maintained 12 months minimum monthly PAP may apply for the scholarship. Application forms are available in branches or on the Scotiabank website at jm.scotiabank.com/sjlic/products-and-services/scotiamint.html. The scholarship recipient will be chosen by way of random draw based on applications submitted. Once selected applicants must state the beneficiary of the scholarship at this time and submit a letter of acceptance (in the case of new students) or a transcript (in the case of returning students).    The beneficiary of the scholarship can either be the policyholder or the policyholder’s child / beneficiary.

This promotion will provide persons who have saved consistently during this period, and maintained their pre-authorized payments eligibility for entry into this promotion. 

Conditions

  • To be confirmed, winners will be required to provide proof of the winner or beneficiary age (passport / birth certificate), proof of ownership of the policy that has won, and complete an Affidavit of Eligibility Prize Acceptance and Release.
  • Winner must provide consent for Scotia Jamaica Life Insurance Company Limited to obtain their name, address and other information for the purpose of administering this Promotion and for other uses by Scotia Jamaica Life Insurance Company Limited as permitted by applicable law.
  • Customers who choose to surrender their ScotiaMINT policy prior to the end of the promotional period and whose policies have not maintained 12 months minimum Pre-Authorised Payments at the time of the prize draw will not qualify for the contest.
  • Scotia Jamaica Life Insurance Company Limited reserves the right to void any and all entries of an entrant who the company believes has attempted to tamper with or impair the administration, security, fairness or proper play of this promotion – with the consent of the Betting Gaming and Lotteries Commission
  • This promotion is subject to all applicable laws of Jamaica.
  • Applicants will be required to complete a Test of Skill correctly on the application form.

“Scotia Insurance E__u__at__on W__a__th  P__an Promotion”

(Scotia Insurance Education Wealth Plan Promotion)

and sign an Affidavit of Eligibility/Prize Acceptance and Release.

Failure to accurately complete the “Test of Skill” will render the customer ineligible to claim the prize. 

Prizes

Eligible customers who have a ScotiaMINT policy and have met the conditions will have the chance to win a scholarship towards education as follows:

One (1) Tertiary/Secondary Scholarship valued at $150,000, offered in each branch.

These to be awarded by way of policyholder applying for a scholarship.  All ScotiaMINT policyholders that met the conditions will be eligible to apply for the scholarship.

Application forms are available in branches and online. Applications submitted will be pooled and the awardee selected by manual random draw. Entries will be placed in a drum for prize drawing.

Current customers who have not maintained their minimum monthly PAP of J$3500, or who have not submitted all the required documents, will be disqualified.

Conditions for Receiving Scholarships:

  • Award of Scholarships are designed to cover one (1) academic year.
  • Tertiary/Secondary school scholarship awardees cannot be in their last year of study and must provide an acceptance letter (in the case of new students) or transcript (in the case of returning students) at the time of application
  • Awards may be used to cover the cost of tuition, books or uniforms and will be made payable to the relevant institution or company.
  • In the event that the winner has already paid the costs of tuition, books or uniforms, winner will be reimbursed upon provision of legitimate receipts.
  • Winners may be the policyholder or policyholder's child or beneficiary.
  • Policyholder's child will be required to provide proof of parentage via a birth certificate
  • Award is non-transferable except where awardee is the policyholder's child or beneficiary
  • Winners may not re-apply for any future awards.

Prizes are subject to change at the discretion of the Bank with the authorization of the Betting Gaming and Lotteries Commission and must be accepted as awarded. No children under the age of 18 are permitted to participate in this promotion. In instances where the awardee is under 18, the adult named on the policy will receive the award on behalf of the child.

The winner’s name may be published in the media. Winner must agree to the use of his/her photograph without compensation in any forthcoming publicity by the Bank. Winner will be responsible for any taxes not explicitly stated as part of their prize. Winner’s refusal to have their photo taken and published in the media will in effect serve to forfeit their prize and another winner will be chosen. As a note this is limited to the policyholder/policyholders and the beneficiary is not required to participate in any promotional / advertising unless he/she consents.

Winner will be notified by telephone and within (5) days from the date of the draw. We will attempt to contact each winner via telephone five times within the business day. If the winner cannot be contacted by telephone within five (5) days at a number on the Scotia Insurance records then the back-up winners will be contacted for prize. For each branch, two back up winners will be drawn after selecting the winners at the grand prize drawing and those persons will be called in the case the first winners are inaccessible. If we are unable to contact the winner or the back-up winners, then prize will be retained for future use. Winners will be required to provide proof of their age and a sign an Affidavit of Eligibility/Prize Acceptance and Release within five days of notification to be declared winner. Winner’s name may also be published in the media.

Scotiabank list of branches

Branch

Address

Brown’s Town

Main Street P.O. Box 35, St. Ann

Christiana

Main Street P.O. Box 11,  Manchester

Constant Spring Road

132-132a Constant Spring P.O. Box 684, Kingston

Fairview

Fairview Financial Centre Building, 1 Port Avenue Fairview, Montego Bay, St. James

Falmouth

Trelawny Wharf P.O. Box 27

Hagley Park Road

128 Hagley Park Road P.O. Box 5, Kingston

Half Way Tree

82-84 Half Way Tree Road, P.O. Box 5, Kingston

Junction

Junction P.O. Box 22,  St. Elizabeth

Liguanea

125-127 Old Hope Road P.O. Box 45, Kingston

Linstead

42 King Street P.O. Box 19, Linstead

Mandeville

1A Caledonia Road P.O. Box 106,  Manchester

May Pen

36 Main Street P.O. Box 32, May Pen

Montego Bay

6-7 Sam Sharpe Square P.O. Box 311, Montego Bay

Morant Bay

23 Queen Street P.O. Box 30,  St. Thomas

Negril

Negril Square,  Westmoreland

New Kingston

2 Knutsford Boulevard P.O. Box 307, Kingston

Ocho Rios

Main Street P.O. Box 150 Ocho Rios,  St. Ann

Oxford Road

6 Oxford Road P.O. Box 109, Kingston

Port Antonio

3 Harbour Street P.O. Box 79, Portland

Port Maria

57 Warner Street P.O. Box 6, St. Mary

Portmore

Lot 2 Cookson Pen P.O. Box 14, Portmore

Santa Cruz

77 Main Street P.O. Box 20

Savanna-La-Mar

19 Great Georges Street P.O. Box 14,  Westmoreland

Scotiabank Centre

Corner Duke & Port Royal Streets P.O. Box 709, Kingston

Spanish Town

6 March Pen Road, Shops 25 & 26 Oasis Shopping Plaza, Spanish Town

St. Ann’s Bay

18 Bravo Street P.O. Box 2, St. Ann

UWI Mona

Corner Ring Road & Shed Lane P.O. Box 156, Kingston