1. For single premium payment term, the capital guarantee applies only at the end of 5th policy year. For any other premium payment terms, the capital guarantee applies at the end of the selected premium payment term only if all yearly premiums due on the policy have been paid before the end of the Grace Period.

2. For regular payment, the yearly income will be payable from the end of the selected premium payment term, as long as the policy is in force and the life insured is alive.
The yearly income comprises of:

1. guaranteed yearly income at 1.8% of the sum insured; and
2. non-guaranteed yearly income (if any).

For single payment, the yearly income will be payable from the end of the 5th policy year as long as the life insured is alive and while the policy is in force.
The yearly income comprises of:

1. guaranteed yearly income at 1.8% of the sum insured; and
2. non-guaranteed yearly income (if any).

For regular payment, the non-guaranteed yearly income rate of 4.2% of Sum Insured is derived from the participating fund earning the illustrated investment rate of return of 4.25% p.a. in the future. The non-guaranteed yearly income rate is 2.0% of Sum Insured if the illustrated investment rate of return is 3.00% p.a. Therefore, the actual amount payable may vary according to the future performance of the participating fund.

For single payment, the non-guaranteed yearly income rate of 4.2% of Sum Insured is derived from the participating fund earning the illustrated investment rate of return of 4.25% p.a. in the future. The non-guaranteed yearly income rate is 2.0% of Sum Insured if the illustrated investment rate of return is 3.00% p.a. Therefore, the actual amount payable may vary according to the future performance of the participating fund.

3. For regular premium payment term: If the life insured dies while the policy is in force and no Contingent Life Insured(s) were appointed, or before the end of the premium payment term, we will pay the sum of:

1. 101% of the total yearly premiums due to-date or the guaranteed cash value, whichever is higher;
2. a non-guaranteed terminal bonus (if any);
3. accumulated guaranteed yearly income and non-guaranteed yearly income (if any); and
4. interest on the accumulated guaranteed yearly income and non-guaranteed yearly income (if any);

less amounts owing (if any), outstanding premium (if any) and future instalment premiums which are required to make up the full year’s premiums (if any).

For single premium payment term: If the life insured dies while the policy is in force, and no Contingent Life Insured(s) were appointed, we will pay the sum of:

1. 101% of the single premium paid or the guaranteed cash value, whichever is higher;
2. a non-guaranteed terminal bonus (if any);
3. accumulated guaranteed yearly income and non-guaranteed yearly income (if any); and
4. interest on the accumulated guaranteed yearly income and non-guaranteed yearly (if any);

less amounts owing (if any).

4. For single premium payment term, if the life insured is diagnosed with a terminal illness while the policy is in force and no Contingent Life Insured(s) were appointed, we will advance the death benefit.

For regular premium payment term, if the life insured is diagnosed with a terminal illness while the policy is in force and no Contingent Life Insured(s) were appointed, or before the end of the premium payment term, we will advance the death benefit.

5. In the event of death of the current Life Insured or when the current Life Insured is diagnosed with terminal illness, the appointed primary Contingent Life Insured as stated in our records shall be the new life insured of this policy, subject to conditions.