D In the case of a Policy with a Benefit Period of two (2) years, any injury, sickness, or related condition in respect of which twenty-four (24) months of Income Protection Benefits have already been paid. E In the case of a Policy with a Benefit Period of five (5) years, any injury, sickness, or related condition in respect of which sixty (60) months Income Protection Benefits have already been paid. F In the case of a Policy where the Mental Health Disorder Limitation option has been selected, any Mental Health Disorder or related Mental Health Disorders in respect of which twelve (12) months Income Protection Benefits have already been paid in total. G In the case of a Policy where the Optional Involuntary Redundancy Benefit has been selected, no Involuntary Redundancy Benefit will be paid where; 1. The Life Assured is made redundant within six (6) months following the Policy Commencement Date ; or 2. The redundancy or possible redundancy was known to the Life Assured prior to the Policy Commencement Date ; or 3. The Life Assured was on a fixed term contract of employment or an interim contract; or 4. The Life Assured is made redundant as a direct or indirect result of a strike or labour dispute; or 5. The Life Assured was self-employed, in part-time, seasonal or casual employment; or 6. The Life Assured is employed by and made involuntarily redundant by a close or lineal relation. We will pay a Childcare Support Benefit in the following circumstances: • The Life Assured is Totally Disabled or Partially Disabled and is receiving a monthly Benefit ; and • As a direct result of the Life Assured’s Total Disability or Partial Disability , additional childcare costs are incurred over and above any childcare arrangements which existed prior to the Life Assured becoming Totally Disabled or Partially Disabled , in respect of any dependent child who is under the age of fourteen (14); and • These additional childcare services are not being provided by You or an immediate family member. The amount We will reimburse under the Childcare Support Benefit is the lesser of: • The actual additional childcare costs; or • $800 per month per dependent child under the age of fourteen (14). This Childcare Support Benefit is payable until the earlier of: • The Life Assured no longer being Totally Disabled or Partially Disabled ; or • Six (6) monthly Childcare Assistance Benefit payments have been made; or • The Benefit Period ends.
CHILD CARE SUPPORT BENEFIT
27
PC-IP- 05/2026
Page 16 of 22
Powered by FlippingBook