Marsh (Singapore) Pte Ltd
8 Marina View #09-02
Asia Square Tower 1
Singapore018960
(65) 6922 8388, Fax (65) 6333 8380
DEBIT NOTE
Global Schools Group Holdings Limited
C/O : 27 Punggol Field Walk Singapore 828649
Portcullis Chambers, 4th Floor, Ellen Skelton Bldg
3076 Sir Francis Drake Highway,Road Town
VG 1110 GST No. M2-0013522-9
Invoice No : I01484509 Period of Ins. : 01-Oct-2024 to 01-Oct-2025
Invoice Date : 02-Oct-2024
Our Reference : 14496-0168525-002 Slip No. : FDO/202409/109/005
Policy Number : 1000178849-CY
Class of Risk : Directors & Officers Liability
Premium Warranty : 29-Nov-2024
Expiry Date
Transaction Description
Master Singapore
Being renewal premium for the policy period from 01/10/2024 to 01/10/2025 (Both dates at 12.01 am)
Premium: SGD 18,500.00 (GST not applicable)
SGD
Gross Premium Due to Insurer/ Reinsurer 18,500.00
For inquiries, please contact Eemin Lui, [email protected] TOTAL DUE 18,500.00
Please indicate the Invoice No. when making premium payment
To the extent your Marsh contact has not provided you with the Marsh terms of business or you have not separately agreed
otherwise in writing, by instructing Marsh to provide services to you, you acknowledge and agree that the provision of such
services shall be subject to the Terms of Business (https://www.marsh.com/sg/en/about/about-marsh/terms-of-business.html)
relevant to such services. Our Terms of Business contain important information, including but not limited to, details of our
regulatory and statutory obligations, our respective duties in relation to the services and any limitation of our liability. Marsh
is fully committed to the principle of transparency in our insurance transactions. As part of that commitment, we provide a
statement (https://www.marsh.com/sg/about/about-marsh/transparency-and-disclosure.html ) that details the types of
remuneration Marsh and its affiliates may earn connected to such services.
BANKING INFORMATION
Bank Name: ANZ Banking Group Ltd - Singapore For SGD payments using GIRO/FAST:
Bank Address: 10 Collyer Quay, #22-00 Ocean Financial Centre, Account No.: 190173 00001
Singapore 049315
Swift Code: ANZBSGSX Other modes of payment:
Bank/ Branch Code: 7931/050 Account No.: 190173 SGD 00001 (SGD payments except GIRO/FAST)
Beneficiary's Name: Marsh (Singapore) Pte Ltd 190173 AUD 00001 (AUD payments)
Beneficiary's Address: 8 Marina View #09-02 190173 EUR 00001 (EUR payments)
Asia Square Tower 1 171918 CNY 00001 (CNY payments)
Singapore 018960 171918 GBP 00001 (GBP payments)
171918 JPY 00001 (JPY payments)
171918 NZD 00001 (NZD payments)
171918 THB 00001 (THB payments)
190173 USD 00001 (USD and all other currencies)
This is not a Tax Invoice The insurance company’s tax invoice is attached or will be sent to you shortly
Company Registration Number: 197200396D
FIN/Renewal/REN/01/10/2024
Marsh (Singapore) Pte Ltd
8 Marina View #09-02
Asia Square Tower 1
Singapore018960
(65) 6922 8388, Fax (65) 6333 8380
Note: The above bank accounts are not tagged to PayNow. Please do not effect payment via PayNow.
Company Registration Number: 197200396D
FIN/Renewal/REN/01/10/2024
Marsh (Singapore) Pte Ltd
8 Marina View #09-02
Asia Square Tower 1
Singapore018960
(65) 6922 8388, Fax (65) 6333 8380
Premium Payment Warranty
1. Notwithstanding anything herein contained but subject to clause 2 hereof, it is hereby agreed and declared that if the period of
insurance is 60 days or more, any premium due must be paid and actually received in full by the Company (or the intermediary
through whom this Policy was effected) within 60 days of the:-
(a) inception date of the coverage under the Policy, Renewal Certificate or Cover Note; or
(b) effective date of each Endorsement, if any, issued under the Policy, Renewal Certificate or Cover Note.
2. In the event that any premium due is not paid and actually received in full by the Company (or the intermediary through whom
this Policy was effected) within the 60-day period referred to above, then:-
(a) the cover under the Policy, Renewal Certificate, Cover Note or Endorsement is automatically terminated immediately
after the expiry of the said 60 day period;
(b) the automatic termination of the cover shall be without prejudice to any liability incurred within the said 60-day period;
and
(c) the Company shall be entitled to a pro-rata time on risk premium subject to a minimum of S$25.00.
3. If the period of insurance is less than 60 days, any premium due must be paid and actually received in full by the Company (or
the intermediary through whom this Policy was effected) within the period of insurance.
Company Registration Number: 197200396D
FIN/Renewal/REN/01/10/2024
Uttam Gupta/GISES/INDIA
From: Asaithambi Aarthi/PG-SMARTCAMPUS/GIIS/SINGAPORE
Sent: Wednesday, November 27, 2024 12:28 PM
To: AP Singapore/GISES/INDIA; Ravi Prakash/GISES/INDIA; Reshmi Nair/GISES/INDIA
Cc: Alok Kumar Srivastava/GISES/INDIA; P Venkateswar Rao/PG-SMARTCAMPUS/GIIS/SINGAPORE
Subject: Re: Global Schools Holdings (Group) Limited - Directors & Officers Liability Insurance Renewal 2
Attachments: 1000178849_9003_000_Customer Tax Invoice[98][1].pdf; Premium_I01484509_0168525_002_GLO
_ OFFICERS[73].pdf
Hi Ms Reshmi,
With regards to our call, Please make premium payment to Marsh (Singapore) Pte Ltd, as they bill on behalf the insurer to collect
Attached the premium invoice of Marsh.
Regards,
Aarthi
Date: Wednesday, 27 November 2024 at 12:34 PM
To: Asaithambi Aarthi/PG-SMARTCAMPUS/GIIS/SINGAPORE <
[email protected]>
Cc: Reshmi Nair/GISES/INDIA <
[email protected]>, Alok Kumar Srivastava/GISES/INDIA
<
[email protected]>, P Venkateswar Rao/PG-SMARTCAMPUS/GIIS/SINGAPORE <venkateswar.
AP Singapore/GISES/INDIA <
[email protected]>
Subject: RE: Global Schools Holdings (Group) Limited - Directors & Officers Liability Insurance Renewal 2024/2025
Hi Aarthi,
We are not able to pay any invoice without payment cycle. There are 2 payment cycle to vendor payments so we can pay accordin
and 15th and payment date is 15th and 30th-31st of every month so please share invoices according to these cycle.
Thanks & RegaRds,
Ravi Prakash
Deputy Manager Finance
GLOBAL INDIAN SCHOOL EDUCATION SERVICES PVT LTD.
1
Address : 6th Floor, Tower B, Majestic Knowledge Boulevard-A8A,
Sector 62, Noida-201301
M +91-999 9577 722
From: Asaithambi Aarthi/PG-SMARTCAMPUS/GIIS/SINGAPORE <[email protected]>
Sent: 27 November 2024 08:02
To: AP Singapore/GISES/INDIA <
[email protected]>
Cc: Reshmi Nair/GISES/INDIA <
[email protected]>; Ravi Prakash/GISES/INDIA <
[email protected]Srivastava/GISES/INDIA <
[email protected]>; P Venkateswar Rao/PG-SMARTCAMPUS/GIIS/SINGAPORE
<
[email protected]>
Subject: FW: Global Schools Holdings (Group) Limited - Directors & Officers Liability Insurance Renewal 2024/2025
Importance: High
Dear AP team,
Kindly process the payment for marsh Insurance policy.
Premium
No. Class of Insurance Marsh Debit Note No.
(GST not applicable)
Directors & Officers Liability
1 I01484509 S$ 18,500.00
(Master Singapore)
Total Premium Due: S$ 18,500.00
Attached the invoice for your reference.
Please note that the amount to be paid in full settlement of S$ 18,500.00 before 29 November 2024.
Regards,
Aarthi
From: Prafulla Rout/GSG/SINGAPORE <[email protected]>
Date: Wednesday, 27 November 2024 at 10:27 AM
To: Asaithambi Aarthi/PG-SMARTCAMPUS/GIIS/SINGAPORE <
[email protected]>
2
Cc: P Venkateswar Rao/PG-SMARTCAMPUS/GIIS/SINGAPORE <[email protected]>
Subject: RE: Global Schools Holdings (Group) Limited - Directors & Officers Liability Insurance Renewal 2024/2025
Almost 10% increase. Ok, please pay.
From: Asaithambi Aarthi/PG-SMARTCAMPUS/GIIS/SINGAPORE <[email protected]>
Sent: Wednesday, November 27, 2024 10:26 AM
To: Prafulla Rout/GSG/SINGAPORE <
[email protected]>
Cc: P Venkateswar Rao/PG-SMARTCAMPUS/GIIS/SINGAPORE <
[email protected]>
Subject: Re: Global Schools Holdings (Group) Limited - Directors & Officers Liability Insurance Renewal 2024/2025
Yes Mr Prafulla,
Please refer to the trail email. Also, Attached the invoice of last year Marsh debit note of 17000 SGD for your reference.
Regards,
Aarthi
From: Prafulla Rout/GSG/SINGAPORE <[email protected]>
Date: Wednesday, 27 November 2024 at 10:24 AM
To: Asaithambi Aarthi/PG-SMARTCAMPUS/GIIS/SINGAPORE <
[email protected]>
Cc: P Venkateswar Rao/PG-SMARTCAMPUS/GIIS/SINGAPORE <
[email protected]>
Subject: RE: Global Schools Holdings (Group) Limited - Directors & Officers Liability Insurance Renewal 2024/2025
If I correctly remember, I asked about last year premium. Do you find out?
From: Asaithambi Aarthi/PG-SMARTCAMPUS/GIIS/SINGAPORE <[email protected]>
Sent: Wednesday, November 27, 2024 10:18 AM
To: Prafulla Rout/GSG/SINGAPORE <
[email protected]>
Cc: P Venkateswar Rao/PG-SMARTCAMPUS/GIIS/SINGAPORE <
[email protected]>
Subject: Re: Global Schools Holdings (Group) Limited - Directors & Officers Liability Insurance Renewal 2024/2025
Importance: High
Hi Mr Prafulla,
Kindly approve for payment at your earliest.
3
Regards,
Aarthi
From: Asaithambi Aarthi/PG-SMARTCAMPUS/GIIS/SINGAPORE <[email protected]>
Date: Monday, 25 November 2024 at 4:25 PM
To: Prafulla Rout/GSG/SINGAPORE <
[email protected]>
Cc: P Venkateswar Rao/PG-SMARTCAMPUS/GIIS/SINGAPORE <
[email protected]>
Subject: Re: Global Schools Holdings (Group) Limited - Directors & Officers Liability Insurance Renewal 2024/2025
Hi Mr Prafulla,
Please approve the payment for marsh Insurance policy.
Premium
No. Class of Insurance Marsh Debit Note No.
(GST not applicable)
Directors & Officers Liability
1 I01484509 S$ 18,500.00
(Master Singapore)
Total Premium Due: S$ 18,500.00
Regards,
Aarthi
From: Asaithambi Aarthi/PG-SMARTCAMPUS/GIIS/SINGAPORE <[email protected]>
Date: Thursday, 21 November 2024 at 1:58 PM
To: Prafulla Rout/GSG/SINGAPORE <
[email protected]>
Cc: P Venkateswar Rao/PG-SMARTCAMPUS/GIIS/SINGAPORE <
[email protected]>
Subject: Re: Global Schools Holdings (Group) Limited - Directors & Officers Liability Insurance Renewal 2024/2025
Hi Mr Prafulla,
Attached the invoice of last year Marsh debit note of 17000 SGD.
Regards,
Aarthi
4
From: Prafulla Rout/GSG/SINGAPORE <[email protected]>
Date: Wednesday, 20 November 2024 at 10:10 AM
To: Asaithambi Aarthi/PG-SMARTCAMPUS/GIIS/SINGAPORE <[email protected]>
Subject: RE: Global Schools Holdings (Group) Limited - Directors & Officers Liability Insurance Renewal 2024/2025
How much we paid last time?
From: Asaithambi Aarthi/PG-SMARTCAMPUS/GIIS/SINGAPORE <[email protected]>
Sent: Wednesday, November 20, 2024 10:08 AM
To: Prafulla Rout/GSG/SINGAPORE <
[email protected]>
Subject: Re: Global Schools Holdings (Group) Limited - Directors & Officers Liability Insurance Renewal 2024/2025
Importance: High
Hi Mr Prafulla,
Please approve the payment for marsh Insurance policy.
Premium
No. Class of Insurance Marsh Debit Note No.
(GST not applicable)
Directors & Officers Liability
1 I01484509 S$ 18,500.00
(Master Singapore)
Total Premium Due: S$ 18,500.00
Regards,
Aarthi
From: Asaithambi Aarthi/PG-SMARTCAMPUS/GIIS/SINGAPORE <[email protected]>
Date: Tuesday, 19 November 2024 at 8:02 PM
To: Prafulla Rout/GSG/SINGAPORE <
[email protected]>
Subject: FW: Global Schools Holdings (Group) Limited - Directors & Officers Liability Insurance Renewal 2024/202
Hi Mr Prafulla,
Kindly approve for payment at your earliest possible.
5
Premium
No. Class of Insurance Marsh Debit Note No.
(GST not applicable)
Directors & Officers Liability
1 I01484509 S$ 18,500.00
(Master Singapore)
Total Premium Due: S$ 18,500.00
To be paid in full settlement of S$ 18,500.00 before 29 November 2024.
Regards,
Aarthi
From: P Venkateswar Rao/PG-SMARTCAMPUS/GIIS/SINGAPORE <[email protected]>
Date: Tuesday, 19 November 2024 at 3:50 PM
To: Asaithambi Aarthi/PG-SMARTCAMPUS/GIIS/SINGAPORE <
[email protected]>, Prafulla Ro
<
[email protected]>
Subject: Re: Global Schools Holdings (Group) Limited - Directors & Officers Liability Insurance Renewal 2024/2025
Approved
From: Asaithambi Aarthi/PG-SMARTCAMPUS/GIIS/SINGAPORE <[email protected]>
Date: Tuesday, 19 November 2024 at 3:49 PM
To: P Venkateswar Rao/PG-SMARTCAMPUS/GIIS/SINGAPORE <
[email protected]>, Prafulla R
<
[email protected]>
Subject: FW: Global Schools Holdings (Group) Limited - Directors & Officers Liability Insurance Renewal 2024/202
Hi Mr Venkat/Mr Prafulla,
Kindly approve for payment for marsh Insurance policy.
Premium
No. Class of Insurance Marsh Debit Note No.
(GST not applicable)
Directors & Officers Liability
1 I01484509 S$ 18,500.00
(Master Singapore)
6
Total Premium Due: S$ 18,500.00
To be paid in full settlement of S$ 18,500.00 before 29 November 2024.
Regards,
Aarthi
Date: Tuesday, 19 November 2024 at 2:39 PM
To: Asaithambi Aarthi/PG-SMARTCAMPUS/GIIS/SINGAPORE <
[email protected]>
Cc: Prafulla Rout/GSG/SINGAPORE <
[email protected]>, P Venkateswar Rao/PG-SMARTCAMPUS
<
[email protected]>
Subject: RE: Global Schools Holdings (Group) Limited - Directors & Officers Liability Insurance Renewal 2024/2025
Hi Aarthi,
Following the D&O coverage summary & Marsh debit note, we are sending you the policy documents.
Please find attached
Global Schools’ group D&O policy
Group policy’s AIG tax invoice (for GST filing)
Local admitted policies/invoice
Japan
Malaysia
The Dubai LAP’s document is still pending; we are chasing AIG for this.
Gently,regards.
Ee Min /FINPRO,Marsh Specialty
Sent: Wednesday, October 9, 2024 3:39 PM
To: '
[email protected]' <
[email protected]>
Cc: '
[email protected]' <
[email protected]>; '
[email protected]' <venkateswar
Lui, Eemin <
[email protected]>
Subject: Global Schools Holdings (Group) Limited - Directors & Officers Liability Insurance Renewal 2024/2025
Dear Aarthi,
7
GLOBAL SCHOOLS HOLDINGS (GROUP) LIMITED
INSURANCE RENEWAL 2024 / 2025
PERIOD OF INSURANCE: 01 OCTOBER 2024 TO 01 OCTOBER 2025 (BOTH DATES AT 12.01 AM)
We are pleased to enclose our Coverage Summary and Debit Note for your kind attention.
Premium
No. Class of Insurance Marsh Debit Note No.
(GST not applicable)
Directors & Officers Liability
1 I01484509 S$ 18,500.00
(Master Singapore)
Total Premium Due: S$ 18,500.00
Please be advised that all policy documents will be sent by email. No hard copy will be issued unless specific
We are following up on the policy documents and will forward to you upon receipt from your Insurer.
In compliance with the 60 days premium payment warranty, please arrange to let us have your payment to ‘Marsh
settlement of S$ 18,500.00 before 29 November 2024 to ensure continuity of your insurance coverage. Please indic
when making premium payment.
The Policy(ies) contains exclusions, limitations and other provisions and should be consulted for details of the cove
requirements, including any endorsements that may be issued after the policy inception. It is important that you review
understand its various exclusions and conditions. Please contact us immediately if there is anything which you believ
the negotiated coverage and terms or if you have any questions or require clarification of any aspect.
As issues surrounding Liability claims may arise many years after the close of the policy year, we suggest you reta
prevailing legal and regulatory requirements.
In addition, we would like to draw your attention to the following:
‘Duty of Disclosure of material information’ – The quotation(s) from insurers is based
has been provided by you which should contain all facts material to the risk.
information which might influence the insurers in deciding whether to accept the
and the information should be kept updated. A failure to give full disclosure of ma
the insurer to avoid the policy from inception. This is your duty precedent to a
material information that you overlooked disclosing at the time of entering into
know immediately;
Warranties and subjectivities – If any warranties and subjectivities are shown on yo
policies, please ensure that you understand and are able to follow their requireme
immediately as a breach of the warranty or subjectivity will usually enable the in
8
from the date of that breach. This is the position regardless of whether there is a
warranty or subjectivity breached and the loss which leads to that breach becom
Claims Notification – Your Policy is subject to claims reporting obligations that requi
as soon as you become aware of any potential claim. Any verbal notifications sho
notification as soon as possible. This is to avoid denial of coverage by insurer
have any questions about reporting of claims, please call us at Marsh and we wo
Sanctions Disclaimer – Marsh is unable to provide insurance or reinsurance brokin
other services or provide any benefit to the extent that the provision of such serv
applicable law or expose Marsh or its affiliates to any sanction, prohibition or restr
Council Resolutions or under other trade or economic sanctions, laws or regulati
Please keep the Coverage Summary in a safe place for your future reference. We trust the enclosures are in order.
Please do not reply to this email as the contents are auto-generated. Should you have any queries, plea
servicer. Thank you.
Yours sincerely
SG Client Operations on behalf of Eemin Lui
Marsh (Singapore) Pte Ltd
8 Marina View #09-02, Asia Square Tower 1
Singapore 018960
/sk
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