• only one reduction in Waiting Period under this Benefit is allowed without evidence of health; • any loadings, exclusions or special terms on the cancelled policy will be applied to the reduced Waiting Period Benefit . If the Life Assured is Totally Disabled or Partially Disabled and able to receive an Income Protection Benefit under this policy, and they also hold a Business Continuation Cover, Farmers Revenue Protection Cover or New to Business Cover, then the Waiting Periods applicable to the Life Assured under each policy will be served concurrently from the disablement date. If during the Waiting Period under this policy, the Life Assured should suffer a recurring disability under their Business Continuation Cover, Farmers Revenue Protection Cover or New to Business Cover policy, after returning to full-time work, the portion of their Waiting Period for their Income Protection Benefit under this policy will be considered to have been continuous and only the remaining period will apply. We will pay You a Partial Disability Bridging Benefit if: • You have been receiving a Total Disability Benefit under this Policy ; and • the Life Assured is no longer Totally Disabled ; and • based on the information provided to, and requested by Us , We reasonably expect that a Partial Disability Benefit (as defined in Clause three (3) “Partial Disability Benefit” under Section C) will be payable for that Life Assured for the first month after the Life Assured ceased to be Totally Disabled . The Partial Disability Bridging Benefit is a lump-sum payment equivalent to 1/3rd (33.3%) of the final monthly Total Disability Benefit paid before the Life Assured ceased to be Totally Disabled . The Partial Disability Bridging Benefit is paid at the end of the final month in respect of which a Total Disability Benefit was claimed for by the Life Assured . Payment of the Partial Disability Bridging Benefit does not affect the amount of the Partial Disability Benefit (as defined in Clause three (3) “Partial Disability Benefit” under Section C) and does not affect the amount of the Enhanced Partial Disability Income Benefit (as defined in Clause thirty one (31) “Enhanced Partial Disability Income Benefit” under section C). The Partial Disability Bridging Benefit is payable once for all claims resulting from the same or a related injury or illness. The Partial Disability Bridging Benefit is not payable where a lump sum payment has been made in lieu of monthly Benefit payments. We will pay You an Enhanced Partial Disability Income Benefit if: • the Life Assured has been receiving a Total Disability Benefit under this Policy ; and • the Life Assured is no longer Totally Disabled ; and • the Life Assured is entitled to a Partial Disability Benefit (as defined in Clause three (3) “Partial Disability Benefit” under Section C) for that Life Assured .
CONCURRENT WAITING PERIOD
29
PARTIAL DISABILITY BRIDGING BENEFIT
30
ENHANCED PARTIAL DISABILITY INCOME BENEFIT
31
PC-IP- 05/2026
Page 18 of 22
Powered by FlippingBook