This option expires upon termination of the Policy in accordance with Clause 8 “Termination”, Section B. This option will cease once the maximum total Sum Assured of $16,000,000 has been reached. This Benefit will expire on the Policy Anniversary Date after the Life Assured reaches seventy (70) years old. This option is available to You if it is specified on the Policy Schedule . You may increase the Life Cover Benefit without further medical or financial evidence on the Policy Anniversary Date of the Policy by the lesser of: A 20% per annum of the original Life Cover Sum Assured ; or B 20% per annum of the current Life Cover Sum Assured ; or C $250,000. You must make such increases in writing within 90 days of the Policy Anniversary Date(s) . The Life Cover Premium for the increased cover will be based on the age of the Life Assured and our Premium Rates at the time the option is exercised, and will be subject to any loading or restrictions (if any) which may apply to this Policy . The maximum total increases per Life Assured under this option are limited to the lesser of one (1) times of the original Life Cover Sum Assured or $1,000,000. You may make no more than five (5) such increase; and No increase may be made after the fifty-fifth (55 th ) birthday of the Life Assured . The Life Cover Benefit may be renewed up to the anniversary of the Policy Commencement Date following the Life Assured attaining age One Hundred (100). Should the Life Assured be diagnosed by a Registered Medical Specialist as having an illness which is likely to result in the death of the Life Assured within twelve (12) months of diagnosis, a lump sum up to the amount of the Life Cover Benefit will be paid. The Life Cover Benefit will be reduced by the amount of payment made. We shall have the right to call for an examination at Our expense, of either the Life Assured or the evidence used in arriving at such diagnosis, by an independent acknowledged expert in the field of medicine concerned selected by Us , and the opinion of such expert as to such diagnosis shall be binding on You , the Life Assured and Us . If the Policy Schedule shows that You have selected the Terminal Illness Booster Benefit option, should the Life Assured be diagnosed by a Registered Medical Specialist as having an illness which is likely to result in the death of the Life Assured within twelve (12) months of diagnosis, and have survived thirty (30) days after diagnosis, a lump-sum amount of 50% of the Life Cover Benefit will be paid, subject to a maximum payment of $250,000. We shall have the right to call for an examination at Our expense, of either the Life Assured or the evidence used in arriving at such diagnosis, by an independent acknowledged expert in the field of medicine concerned selected by Us , and the opinion of such expert as to such diagnosis shall be binding on You , the Life Assured and Us .
FUTURE INSURABILITY OPTION
6
RENEWAL
7
TERMINAL ILLNESS BENEFIT
8
TERMINAL ILLNESS BOOSTER BENEFIT OPTION
9
PC-LC-05/2026
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