SECTION C - MORTGAGE INCOME AND RENT BENEFITS
TOTAL DISABILITY BENEFIT
1
If, the Life Assured :
• has been Totally Disabled or Partially Disabled for the Waiting Period ; and • is Totally Disabled at the end of the Waiting Period; We will pay you the monthly Benefit subject to Clause 13 “Offsets” under Section D of this Policy in advance from the end of the Waiting Period until the earliest of:
• the Life Assured is no longer Totally Disabled , or
the Benefit Period ends, or
•
• the Policy ends. Any payment for a period of less than one month is calculated on a pro-rata basis. Successive periods of disability resulting from the same or related cause within twelve (12) months of resuming work shall be considered a continuation of the same disability and no Waiting Period shall apply. Such periods of recurrent disability shall be added to the original Total or Partial Disability period for the purposes of applying the Benefit Period . We will pay a Partial Disability Benefit if the Life Assured is Partially Disabled (as defined in Clause 2 under Section D below) and the Waiting Period has elapsed. The amount payable under the Partial Disability Benefit will be a percentage of the monthly Sum Assured as shown in the Policy Schedule . The percentage is the difference between the hours per week that the Life Assured is able to work while Partially Disabled and the average number of hours that the Life Assured worked in the three (3) months immediately prior to becoming Totally Disabled ; calculated as a percentage of the average number of hours that the Life Assured worked in the three (3) months prior to becoming Totally Disabled . Calculation: % = (hours worked on average in the three (3) months prior to Total Disability - hours worked while Partially Disabled) / hours worked on average in the three (3) months prior to Total Disability . For example, if the Life Assured is able to work 20 hours per week while Partially Disabled and was working 40 hours per week on average in the three months immediately prior to becoming Totally Disabled then the percentage payment will be 50% of the monthly Sum Assured as shown in the Policy Schedule . To allow Us to accurately assess the ongoing validity of a Partial Disability claim, the Partial Disability benefit will be paid monthly in arrears until the Life Assured is no longer Partially Disabled . During a period of Total, Partial or Recurrent Disability for which We have accepted a claim, all Total Premiums due will be waived by Us .
RECURRENT DISABILITY BENEFIT
2
PARTIAL DISABILITY BENEFIT
3
WAIVER OF PREMIUM
4
PC-MIRC- 05/2026
Page 8 of 20
Powered by FlippingBook