SECTION C - INCOME PROTECTION BENEFITS
DISABILITY BENEFIT
1
If the Life Assured is Disabled , We will pay, following the Waiting Period , the monthly Benefit for such period as the Life Assured remains Disabled up to the Benefit Period or until the Life Assured is no longer Disabled , whichever is the sooner. This is a monthly Benefit payable in advance subject to receipt of a progress report completed by the Life Assured and a Medical Practitioner . If the Life Assured is Disabled for part of the month, We will pay You 1/30 th of the monthly Benefit for each day the Life Assured is Disabled . If the Life Assured meets the Disability criteria then after the expiry of the Waiting Period , We will pay a monthly Benefit in advance calculated as the greater of (i) or (ii) below up to the maximum of the monthly Benefit as specified in the Policy Schedule :
HOW MUCH WILL WE PAY
2
(i) (Monthly Benefit - B); or (ii) (A - B) x 75%
where A = Pre-Disability Income ; and B = Post Disability Income
HOW LONG WILL THE INCOME BENEFIT BE PAID
3
We will continue to pay You the Income benefit until any one of the following events occurs: • the injury or sickness giving rise to the claim does not prevent the Life Assured from earning their Pre-Disability Income from personal exertion; or • the Benefit Period ends; or • the Termination of the Policy; or • the Life Assured is no longer under the regular care of a Medical Practitioner for treatment of the injury or sickness; or • the Life Assured is not following the treatment recommended by a Medical Practitioner ; or • death of the Life Assured Successive periods of Disability resulting from the same or related cause within twelve (12) months of resuming work shall be considered a continuation of the same Disability and no Waiting Period shall apply. Such periods of recurrent Disability shall be added to the original Disability period for the purposes of applying the Benefit Period . During a period of Disability, or Recurrent Disability for which a monthly Benefit is being paid, all Total Premiums due will be waived by Us .
RECURRENT DISABILITY BENEFIT
4
WAIVER OF PREMIUM
5
PC-IP LOE Premier- 05/2026
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