F The Total Premium under this Policy is not being waived for any reason; and G Only one (1) increase is permitted in any 12 month period. The maximum single increase to the Sum Assured that can be exercised under clause five (5) Business Increase Option is the lesser of: • The amount We determine is justified by the financial evidence submitted in support of the Policy review; or • Twenty percent (20%) of the Sum Assured at the time of the Policy review. The overall maximum Sum Assured can be increased to under the Business Increase Option is the lesser of: • Two (2) times the Sum Assured at the Policy Commencement Date ; or • Fifty thousand ($50,000) per month During a period of Total Disability or Recurrent Disability for which a monthly Benefit is being paid, all Total Premiums due will be waived by Us . If the Life Assured takes a period of leave without pay from his/her regularly remunerated occupation, You may elect to: A Suspend cover and the payment of Total Premiums for a maximum of twelve (12) months provided You have given Us prior notice and obtained Our approval. We will resume cover without requiring evidence of health for any insured person when the requested suspension period expires. Once cover is reinstated, Total Premiums must recommence. B We will not pay any Benefits under this Policy in respect of any event incurred while cover is suspended. C You can elect to keep Your cover in force. The annual Total Premium or instalment of the Total Premium is payable for the entire duration of the Benefit . Please note that the Premium Rates are not guaranteed and are subject to review from time to time. The Premium will be determined by the Premium Rates in effect at that time.
MAXIMUM INCREASES UNDER BUSINESS INCREASE OPTION
6
WAIVER OF PREMIUM
7
LEAVE WITHOUT PAY
8
PREMIUM
9
BCP-BCC- 05/2019
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