Common use of Errors in Age / Gender / Smoker Status Clause in Contracts

Errors in Age / Gender / Smoker Status. Country of Residence If the Age, gender, smoker status and/or country of residence of the Life insured is not correctly stated such that the Premium paid is wrong, We reserve the rights to adjust the Benefits. For underpayment of Premium, the claims will be pro-rated as if You have purchased a lower cover. For overpayment of Premium, We will refund the excess Premium paid without interest less any change in the unit price(s) of the ILP sub-fund. Based on the correct Age, gender, smoker status and/or country of residence, if the Life insured is not eligible to apply for this policy, We will not pay any Benefits and the policy will be terminated. When this happens, We will refund all Premiums paid (less any change in the unit price(s) of the ILP sub-fund and any costs incurred by the Company in assessing the risk under the policy, such as payments for medical check-up and other expenses. Any partial withdrawal previously paid to You under this policy will also be deducted.

Errors in Age / Gender / Smoker Status. Country of Residence If the Age, gender, smoker status and/or country of residence of the Life insured is not correctly stated such that the Premium paid is wrong, We reserve the rights to adjust the Benefits. For underpayment of Premium, the claims will be pro-rated as if You have purchased a lower cover. For overpayment of Premium, We will refund the excess Premium paid without interest less any change in the unit price(s) of the ILP sub-fund. Based on the correct Age, gender, smoker status and/or country of residence, if the Life insured is not eligible to apply for this policyrider, We will not pay any Benefits and the policy rider will be terminated. When this happens, We will refund all Premiums paid (less any change in the unit price(s) of the ILP sub-fund and any costs incurred by the Company in assessing the risk under the policyrider, such as payments for medical check-up and other expenses. Any partial withdrawal previously paid to You under this policy rider will also be deducted.

Errors in Age / Gender / Smoker Status. Country of Residence If the Age, gender, smoker status and/or country of residence of the Life insured is not correctly stated such that the Premium paid insurance charge is wrong, We reserve the rights to adjust the Benefits. For underpayment of Premiuminsurance charge, the claims will be pro-rated as if You have purchased a lower cover. For overpayment of Premiuminsurance charge, We will refund the excess Premium paid insurance charge without interest less any change in the unit price(s) of the ILP sub-fund. Based on the correct Age, gender, smoker status and/or country of residence, if the Life insured is not eligible to apply for this policy, We will not pay any Benefits and the policy will be terminated. When this happens, We will refund all Premiums paid (less any change in the unit price(s) of the Portfolio fund / ILP sub-fund funds) and any costs incurred by the Company in assessing the risk under the policy, such as payments for medical check-up and other expenses. Any partial withdrawal previously paid to You under this policy will also be deducted.