INFLATION ADJUSTABLE OPTION
5
If the Policy Schedule shows You have selected this option, the Mortgage, Income and Rent Benefit will increase on each anniversary of the Policy Commencement Date by an amount equal to the Consumer Price Index Increase for the year ended 30 September for which figures are available at the date the monthly Benefit is to be increased. You may decline any Consumer Price Index Increase . This option expires upon termination of the Policy in accordance with Clause 9 “Termination” under Section B above. This option will cease once the maximum total annual Sum Assured of $300,000 has been reached. If the Policy Schedule shows You have selected this option, the Consumer Price Index Increase will cease during any period of Claim, unless you have selected the Optional Inflation Adjustable Claim Benefit. The Inflation Adjustable Option will re-commence from the date your claim is finalised, and You will have the option to continue with this or decline the Consumer Price Index Increase. If the Policy Schedule shows You have selected this option and You are receiving a Benefit under this Policy at the anniversary or a subsequent anniversary of the Policy Commencement Date , We will increase the monthly Benefit payable by the most recent Consumer Price Index Increase . When You are no longer disabled, You can choose to keep the higher levels of Benefit and the Premium will increase accordingly. This Benefit does not apply if you have selected the Level Benefit Option as per Clause 14 “Level Benefit Option” under section C below. This Benefit expires upon termination of the Policy in accordance with Clause 9 “Termination” under Section B above. If the Policy Schedule shows that You have selected the Mental Health Disorder Limitation option, then if during the term of this Benefit , the Life Assured is Totally Disabled as a direct or indirect result of a Mental Health Disorder as defined under Clause 13 “Mental Health Disorder” under Section D below, the total Benefit Period for all claims arising out of this disability will be twelve (12) months from the end of the Waiting Period irrespective of the Benefit Period shown in the Policy Schedule . If the Life Assured becomes Totally Disabled while being unemployed for more than twelve (12) months, the definition of Total Disability will be based on the definition for Class 5 occupations irrespective of the Occupational Class specified in the Policy Schedule . If the Life Assured becomes Totally Disabled within twelve (12) months of becoming unemployed, then the Benefit payable will be assessed as normal without the restrictions.
OPTIONAL INFLATION ADJUSTABLE CLAIM BENEFIT
6
MENTAL HEALTH DISORDER LIMITATION OPTION
7
IF UNEMPLOYED
8
LEAVE WITHOUT PAY AND SUSPENSION OF COVER
9
You can apply to suspend cover for a Life Assured for a period of up to twelve (12) months if they:
• Take a period of Leave Without Pay from all regularly remunerated occupations; • Take employer approved parental leave;
PC-MIRC- 05/2026
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