1. Early and Intermediate Stages of Critical Illness

In the event that the Life Insured is diagnosed with any of the 34 Critical Illnesses at the early stage or 32 Critical Illnesses at the intermediate stage or undergoes any of the procedures for a Critical Illness at the early stage or intermediate stage before the Life Insured’s 75th birthday, we will pay the Death Benefit subject to the conditions for critical illness benefit below.

After a claim is paid for a Critical Illness at the early stage or intermediate stage, if the entire amount of the Sum Insured is not fully paid for the claim, the Sum Insured will be reduced by the amount which was paid for this claim and the policy will continue to be in force with the reduced Sum Insured. We will determine the new premium payable for the reduced Sum Insured. Thereafter, we will only pay the Death Benefit, Total and Permanent Disability benefit, Terminal Illness benefit or Critical Illness benefit (as the case may be) based on the reduced Sum Insured and attaching pro-rated bonuses (if any) which have not been paid.

Major Stages of Critical Illness

In the event that the Life Insured is diagnosed with any of the 38 Critical Illnesses except for an illness which requires Angioplasty & Other Invasive Treatment for Coronary Artery, we will pay a lump sum benefit of 100% of the Death Benefit, subject to the conditions for Critical Illness benefit below. This policy shall terminate and the benefits and insurance coverage provided by this policy shall cease once we make this payment.

In the event that the Life Insured is diagnosed with an illness which requires Angioplasty & Other Invasive Treatment for Coronary Artery, a lump sum benefit of 10% of the Death Benefit is payable, subject to a limit maximum amount of S$25,000. After a claim is paid for Angioplasty and Other Invasive Treatment for Coronary Artery, the Sum Insured will be reduced by the amount which was paid for this claim.

The Critical Illness include Terminal Illness. In the event of a Terminal Illness claim for a Critical Illness, the Death Benefit will only be paid once.

2. If the life insured is diagnosed with any one of the covered special conditions and survives for at least 7 days from the date of diagnosis or date of performance of surgical procedure for the covered special conditions, we will pay 20% of the sum insured (without booster) less any indebtedness, subject to cap a maximum of S$25,000.

Conditions for Special Condition Benefit

1. Only 1 claim can be paid for each covered special condition under the policy.
2. Only 1 claim is allowed for mental illness conditions including Tourette Syndrome (TS), Attention-deficit Hyperactivity Disorder (ADHD), Major Depressive Disorder (MDD), Schizophrenia, Bipolar Disorder and Obsessive-Compulsive Disorder (OCD).
3. We will pay up to 5 claims for the special condition benefits under the policy.
4. There is no waiting period required between claims for the special condition benefits.
5. Any payment made for the special condition benefits will not reduce the sum insured

The coverage for the juvenile special conditions shall cease on the policy anniversary in which the life insured is 18 Age Last Birthday (ALB) or upon the expiry of the policy, whichever is earlier.

3. In the event of death of the life insured while the plan is in force,

1. before the policy anniversary immediately following the 75th birthday of the life insured, we will pay the higher of
   
   a. Sum insured plus accumulated reversionary bonuses (if any) and non-guaranteed terminal bonus (if any); or
   b. Guaranteed Death Benefit,
   
   less indebtedness which are payable for the rest of the year (if any), outstanding premium (if any) and future instalment premiums which are (if any).


2. On or after the policy anniversary immediately following the 75th birthday of the life insured, we will pay the sum insured plus accumulated reversionary bonuses (if any) and non-guaranteed terminal bonus (if any), less indebtedness (if any), outstanding premium (if any) and future instalment premiums which are payable for the rest of the year (if any).
   
   The policy shall terminate and the benefits and insurance coverage provided by this policy shall cease once we make this payment.

4. If the Life Insured is diagnosed with Total and Permanent Disability before the Life Insured’s 85th birthday, we will pay the Death Benefit.

The Policy shall terminate and the benefits and insurance coverage provided by this Policy shall cease once We make this payment.

If the Life Insured is insured under any or more than one (1) policy and/or rider issued by Us with coverage for Total and Permanent Disability, the maximum benefit for Total and Permanent Disability We will pay in total is S$3,000,000 under this Policy and all such Policies and riders. For non-SGD denominated policies, we will determine the conversion rate to be applied.

5. If the Life Insured is diagnosed with Terminal Illness while the Policy is in force, we will advance the Death Benefit. The Policy shall terminate and the benefits and insurance coverage provided by this Policy shall cease once we make this payment.

6. This policy provides you with a Guaranteed Death Benefit which is a multiple of 1 time, 2 times, 3 times or 4 times (“Multiplier”) of the sum insured until the policy anniversary immediately following the 75th birthday of the life insured.

7. You can exercise this option to receive 5 to 15 equal yearly payments starting from the policy anniversary immediately after Your choice of retirement age. You can choose any age of life insured’s age between 55 and 70 as the retirement age. You can utilize up to 85% of the total surrender value available at the time when this option is exercised, subject to a minimum yearly benefit of S$300 and after any amount owing to Us will is first deducted. The surrender value chosen to be utilised for this option will be paid to the life insured over the chosen number of years of equal yearly payments without interest.

This option can only be exercised once during the Policy Term, and it can only be exercised after the Life Insured’s 55th birthday or at the end of Premium Payment Term, whichever is the later. Once this option is exercised, no further changes to the option will be allowed. We reserve the right to change the details of this option at any time by giving thirty (30) days’ written notice in advance.

After this option has been exercised:

1. Sum insured and all attaching bonuses (if any) will be reduced by the same proportion of the surrender value utilized (“Revised Sum Insured”). Future bonuses will be declared based on the revised sum insured. The same Multiplier used for the guaranteed death benefit will apply to the Revised Sum Insured.
2. Surrender value will be reduced by the proportion of the surrender value utilized (“Revised Surrender Value”). Upon surrender while the policy is in force, the surrender value payable will be the Revised Surrender Value and its attaching revised bonuses (if any); plus any unpaid yearly payments for the option; less indebtedness (if any), outstanding premium (if any) and future instalment premiums payable for the year (if any)
3. Policy loan will not be allowed.

8. This benefit guarantees the right to purchase a new whole life or term Policy on the life of the Life Insured without further underwriting. The maximum coverage under the new Policy purchased using this benefit should not be higher than the coverage amount of this Policy in any year, or S$200,000, whichever is the lower.

The option must be exercised once during the policy term and within 90 days (or any other duration, as determined by Us in Our sole discretion) from any of the following events:

1. Life Insured turns 18 years old;
2. First legally recognized marriage of the Life Insured;
3. Life Insured becomes a parent by having a new born child, or legally adopts a child;
4. Life Insured graduates from tertiary education;
5. Life Insured purchases a property (whether residential or commercial), and in any jurisdiction recognized by Us; or
6. Death of the Life Insured’s legally married spouse.

This option may only be exercised once and it must be exercised before the Policy Anniversary on the year where the Life Insured turns 55 years of age. The new whole life or term Policy purchased under this option (“New Policy”) must be on the same benefit terms as this Policy. If this Policy is voided or terminated for whatever reason, the New Policy shall also be voided.

This benefit is only offered to Standard Lives. The premium payable for the New Policy is based on the Life Insured’s attained age at the time of application of the New Policy.