2.1. Subject to Clause 2.3, Clause 2.3 and Clause 2.4, entry into the Competition is open to the Promoter’s customers who are members of pension funds under the Promoter’s administration funds (hereinafter referred to as Eligible Entrant). 

2.2. The following people shall not be eligible to participate in the Competition: 

i. Any person who is an employee, agent or consultant of the Promoter or his immediate family members1.  

ii.Legal persons including any of NICO Group companies.2 

iii.Any person who is an employee, agent, or consultant of the NICO Group or his or her immediate family members.   

2.3.To be eligible to win prizes in the Competition, the Eligible Entrant must register on any one of the following digital platforms at the commencement date of the Competition or as at the time when draws are being conducted: NICO Pension Smart App, USSD (*323#) and online platform found on https://npsonline.mw/  

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4.1. Prizes in the Competition are categorised into the following sub-categories as follows:   

i.Grand Prize: MK 1,000,000.00 (One Million Kwacha)

ii.Each month we will run a draw whereby we draw a series of consolation prizes to that months new registrants. Each month we will run a draw whereby we draw a series of consolation prizes to that months new registrants.

Each month the promotion will reward 1 winner with MK300,000 (Three Hundred Thousand Kwacha), 5 winners with MK100,000 (One Hundred Thousand Kwacha) and 5 winners with MK80,000 (Eighty thousand Kwacha). Out of the 10 monthly consolation prize winners, we will reward 3 winners for USSD registration, 3 winners for app registration, and 3 winners for online portal registration lastly, we will reward 1 principal officer who accesses the platform. 

4.2.Prizes are non-transferable and non-exchangeable.  

4.3.Prizes are redeemable within 6 (six) months from the announcement of winners. All prizes not redeemed within the said 6 (six) months period shall be forfeited.  

4.4.The currency of the prizes shall be Malawi Kwacha.  

8.1. In the case of the intervention of any outside act, agent or event which prevents or significantly hinders the Promoter’s ability to proceed with the Competition on the dates and in the manner described in these terms and conditions, including but not limited to vandalism, power failures, tempests, natural disasters, acts of God, civil unrest, strike, war, act of terrorism, the Promoter may in its absolute discretion cancel the competition and recommence it from the start on the same conditions. 

8.2. The Promoter shall not be held liable for any damage, injury, loss or claim that may occur: 

i. during the draw or any stage of the Competition. 

ii. while undertaking any activity in or connected with their entry into the draw. 

iii. as a consequence of erroneous or incomplete customer information on file. 

iv. due to the publication of any material, including any statements made by the Promoter, staff members or journalist. 

v. arising from or related to any problem or technical malfunction of any computer equipment, software, and internet connection. 

8.3.The Promoter assumes no responsibility for any error, omission, interruption, deletion, defect, delay in operation or transmission, communications line failure, theft or destruction or unauthorized access to, or alteration of, entries, and reserves the right to take any action that may be available. 

8.4. If for any reason the Competition is not capable of running as planned, including infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures or any other causes beyond the control of the Promoter which corrupt or affect the administration security, fairness, integrity or proper conduct of the Competition, the Promoter reserves the right in its sole discretion to take any action that may be available, and to cancel, terminate, modify or suspend the Competition.