(a) Duty of disclosure:
(i) You must take reasonable care to disclose all material facts which you know or ought to know which could impact your risk profile and ensure that all your answers to the questions are full, complete, correct, honest and to the best of your knowledge as these information form the basis of your contract.
(ii) You also have a duty to inform the Company of any change in the information given to the Company earlier before the Company issues the Policy to you, before you renew or change any of the terms of your Policy. If you don’t, your Policy may be cancelled, or treated as if it never existed, or your claim rejected or not paid in full.
(i) Entry age for an adult is 18 to 75 years of age (inclusive).
(ii) Entry age for a Child is 30 days after birth up to 19 years of age or up to 25 years of age if the Child is a full-time student at an accredited institution of higher learning.
(iii) The Policy can be renewed for each Insured Person up to the age of 100 years.
1. The Compensation for ‘Accidental Death & Permanent Disablement’ Benefit applicable for Children is 25% of the Plan selected.
2. When an Insured Person attains the age of 76 years at time of renewal, the Compensation applicable to the Benefits (not including ‘Snatch Theft’ Benefit) provided under the Policy reduces to 50% of the Compensation.
This policy is only offered to the following occupation classes:
(i) Occupational Class 1 – Professionals and persons engaged in executive or non-manual, administrative or clerical duties solely in offices or similar non-hazardous places.
(ii) Occupational Class 2 – Persons engaged in duties of supervisory nature or travelling outside office for business purposes with no exposure to hazardous conditions and not involved in any manual labour.
(iii) Occupational Class 3 – Persons engaged in occasional or regular manual work not particularly hazardous in nature but involving the use of tools or light machinery.
1. Persons engaged in Class 3 occupation can opt to purchase Plans 1 & 2 only.
2. Persons engaged in occupations with high risk or exposure to hazardous conditions are not covered under this Policy. For further information on this, please refer to the policy wordings.
(c) Cash Before Cover:
The Company must receive the premium due on or before the Premium Due Date. No Benefits will be payable for any claim that occurs during a period for which premium was not received.
(i) The Company must be notified as soon as it is reasonably practical and in any event within 30 Days after the date of Accident or Sickness which leads to a claim.
(ii) The Company must be provided with all reasonable and necessary evidence required by the Company to support a claim within 90 Days after the date of Accident or Sickness which leads to a claim.
(iii) Failure to comply with (i) above may result in the Company’s rejection of all or part of the claim. Reasons include, but are not limited to, if it is made so long after the event that the Company is unable to investigate it fully, or may result in the Insured Person not receiving the full amount claimed if the amount payable changes as a result of the delay.
(iv) In the event the Insured Person is a Child, all dealings in relation to any claim will be between the Insured Person’s Parent and the Company.
(e) Number of policies:
Only one individual policy providing the same product underwritten by the Company is allowed. If more than one policy is held, the Company will consider the Insured Person to be insured under the Policy with the highest compensation or, where the compensation under each policy is identical, under the policy that was first issued.
You are eligible for an additional 20% increase of the Compensation for ‘Accidental Death’ and ‘Permanent Disablement’ Benefits on every Anniversary Date up to a maximum of 5 consecutive years if the policy is continuously renewed without interruption and the Policy remains Claims Free for all Insured Persons throughout the Policy Period.
1. Refer to the terms and conditions under section ‘Renewal Bonus’ of this product in the policy wordings for further details on Renewal Bonus.
2. Renewal Bonus is not applicable to Parents.