F
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 thirty (30) days 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: A. The actual additional childcare costs; or B. $800 per month per dependent child under the age of fourteen (14). This Childcare Support Benefit is payable until the earlier of: A. The Life Assured no longer being Totally Disabled or Partially Disabled ; or B. Six (6) monthly Childcare Assistance Benefit payments have been made; or C. The Benefit Period ends. You will need to provide evidence satisfactory to Us each month of the additional childcare fees that have been paid before We will make a payment under the Childcare Support Benefit. This payment is additional to the monthly Benefit.
CHILD CARE SUPPORT BENEFIT
16
WAITING PERIOD REDUCTION
17 If this Mortgage Income and Rent Benefit has a Waiting Period of 26, 52 or 104 weeks the Life Assured can reduce this Waiting Period , without providing any further medical evidence, if the Life Assured’s Business Continuation Cover, Farmers Revenue Protection Cover or New to Business Cover is cancelled due to the Life Assured no longer being Actively Involved in the business or their business is sold and is no longer Actively Trading .
PC-MIRC- 05/2026
Page 12 of 20
Powered by FlippingBook