Common use of Corporate Buffer Clause in Contracts

Corporate Buffer. We will provide a Corporate Buffer as specified in the Policy Schedule or Certificate of Insurance during the Policy Period provided that: (i) All other terms, exclusions and conditions contained in the Policy or endorsed thereon remain unchanged; (ii) Coverage under this Benefit can be opted for the listed conditions as chosen by You based on the requirements of the group and as specified in the Policy Schedule or Certificate of Insurance; (iii) This Benefit will be available for those Insured Persons, who have already exhausted their Sum Insured limit and Reloaded Sum Insured (if applicable, under Section III.28 or III.29) subject to a limit of per Insured Person/ family or for an Illness/Injury/ medical condition as listed in the Policy Schedule or Certificate of Insurance; (iv) Any Benefit accrued under this cover cannot be carried forward to the subsequent Policy Year.