INCREASING INCOME BENEFIT
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You can apply to increase the Income Protection Benefit at any time while Your Policy remains in force without needing to provide further medical evidence if: • the Life Assured is under age 55 at the time of the option to increase; and • no Benefit is being received or payable under this Income Protection Benefit and premiums are not being waived; and • the Income Protection Benefit is less than $12,000 per month.
The maximum increase is 10% per year of the Income Protection Benefit in addition to any Consumer Price Index Increase .
The total of all increases in the Income Protection Benefit cannot exceed the original Income Protection Benefit at the Policy Commencement Date . You must apply in writing to Us and provide evidence satisfactory to Us of the Life Assured’s increased income within 60 days of the increase in income. This is likely to be confirmation of the increase in salary from the Life Assured’s employer or confirmation in writing by the Life Assured’s accountant that there has been an increase in income. We will pay a Home Care Benefit in addition to the Income Protection Benefit , if the Life Assured is Totally Disabled and an appropriate registered Medical Practitioner certifies that the Life Assured requires Full-Time Care at home because of the Life Assured’s Total Disability . The Full-Time Care must be provided by either a person whose profession it is to provide nursing or similar services or a direct family member who is in paid work for at least 28 hours per week immediately before the Life Assured became Totally Disabled and who has given up that work to care for the Life Assured . The amount of the Home Care Benefit each month will be the lesser of: • the monthly Benefit specified in the Policy Schedule ; or • $2,500 per month; or • The cost of the care, if it is provided by a person whose profession it is to provide nursing or similar services. Where the Home Care Benefit is paid for an incomplete month, payment will be at the rate of 1/30th (one-thirtieth) of the monthly Benefit per day. This Benefit starts from the expiry of the first three successive nights of the Life Assured receiving Full-Time Care at home until the earlier of: • an appropriate registered Medical Practitioner certifying that Full-time Care is no longer required; or • We have paid this Benefit for six consecutive months.
HOME CARE BENEFIT
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PC-IP- 05/2026
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