• The Life Assured’s employer has ceased or intends to cease to carry on the business for the purpose of which the Life Assured was employed or has ceased or intends to cease to carry on that business in the place where the Life Assured was so employed; or • the requirements of that business for the Life Assured to carry out work of a particular kind in the place the Life Assured was so employed has ceased or diminished or are expected to cease or diminish.
BENEFIT PERIOD
11
Means the Benefit Period specified in the Policy Schedule .
NORMAL DOMESTIC DUTIES
12
Means the tasks performed by the Life Assured whose sole occupation is to maintain the family home. These tasks include cleaning of the home, cooking of meals for their family, doing the family laundry, shopping for the family’s groceries and taking care of any dependent relative (where applicable). Normal Domestic Duties does not include duties outside the Life Assured’s home for salary, reward or profit. Means the Waiting Period specified in the Policy Schedule of continuous Total Disability or Partial Disability which must elapse before the monthly Benefit becomes payable. The Waiting Period can be interrupted by up to five (5) days or up to seven (7) days if the Waiting Period is thirteen (13) weeks or longer, when the Life Assured returns to work. When the Waiting Period is interrupted by a return to work the Waiting Period will not stop and will be extended by one (1) day for each day the Life Assured returns to work up to the maximums detailed in the preceding sentence. Means working an average of more than 30 hours per week in the six months prior to cancellation of Business Continuation Cover, Farmers Revenue Protection Cover or New to Business Cover.
WAITING PERIOD
13
ACTIVELY INVOLVED
14
ACTIVELY TRADING
15
Means undertaking any activity carried on for the production of income from selling goods or performing services.
(INSIGHT 35.0.0) – May 2019 (Updated August 2019)
(Updated July 2021) (Updated May 2026)
PC-IP- 05/2026
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