Common use of Option Right Clause in Contracts

Option Right. 7.1 The policyholder has the right to increase the insured capital each year of insurance. This is an exception to Article 2.5. These increases will be accepted by the insurer without further examination of the health of the insured person, provided that the following conditions are met: - the insurance is accepted upon commencement without any increase in premium; - the increase does not exceed 15% of the last insured capital; - after application of the option right, the insured capital must not exceed twice the capital insured upon commencement; - The increase shall take effect on the next contract expiry date and the written request for increase shall be made at least one month before the contract expiry date. 7.2 The right of option referred to in the previous paragraph expires: - when the insured person reaches the age of 60; - if the option right has not been exercised for three consecutive years; - if the insured is wholly or partially incapacitated for work. - if the insured has undergone treatment and/or examination by a medical specialist in the year immediately preceding the request for an increase: 1. heart and/or vascular diseases, 2. malignant diseases, 3. diseases of the brain or nervous system, 4. diabetes; - if antibodies against HIV have been found in the blood of the insured (the insured is HIV positive). 7.3 The increase shall take effect on the next contract expiry date.

Option Right. 7.1 The policyholder has the right to increase the insured capital each year of insurance. This is an exception to Article 2.5. These increases will be accepted by the insurer without further examination of the health of the insured person, provided that the following conditions are met: - the insurance is accepted upon commencement without any increase in premium; - the increase does not exceed 15% of the last insured capital; - all the increases during the term of the insurance may not add up to more than 100.000,- euros; - after application of the option right, the insured capital must not exceed twice the capital insured upon commencement; - The increase shall take effect on the next contract expiry date and the written request for increase shall be made at least one month before the contract expiry date. 7.2 The right of option referred to in the previous paragraph expires: - when the insured person reaches the age of 60; - if the option right has not been exercised for three consecutive years; - if the insured is wholly or partially incapacitated for work. - if the insured has undergone treatment and/or examination by a medical specialist in the year immediately preceding the request for an increase: 1. heart and/or vascular diseases, 2. malignant diseases, 3. diseases of the brain or nervous system, 4. diabetes; - if antibodies against HIV have been found in the blood of the insured (the insured is HIV positive). 7.3 The increase shall take effect on the next contract expiry date.

Option Right. 7.1 The policyholder has the right to increase the insured capital each year of insurance. This is an exception to Article 2.5. These increases will be accepted by the insurer without further examination of the health of the insured person, provided that the following conditions are met: - the insurance is accepted upon commencement without any increase in premium; - the increase does not exceed 15% of the last insured capital; - all the increases during the term of the insurance may not add up to more than 100.000,- euros; - after application of the option right, the insured capital must not exceed twice the capital insured upon commencement; - The increase shall take effect on the next contract expiry date and the written request for increase shall be made at least one month before the contract expiry date. 7.2 The right of option referred to in the previous paragraph expires: - when the insured person reaches the age of 60; - if the option right has not been exercised for three consecutive years; - if the insured is wholly or partially incapacitated for work. - if the insured has undergone treatment and/or examination by a medical specialist in the year immediately preceding the request for an increase: 1. heart and/or vascular diseases, 2. malignant diseases, 3. diseases of the brain or nervous system, 4. diabetes; - if antibodies against HIV have been found in the blood of the insured (the insured is HIV positive). 7.3 The increase shall take effect on the next contract expiry date.

Option Right. 7.1 The policyholder has the right to increase the insured capital each year of insurance. This is an exception to Article 2.5. These increases will be accepted by the insurer without further examination of the health of the insured person, provided that the following conditions are met: - the insurance is accepted upon commencement without any increase in premium; - the increase does not exceed 15% of the last insured capital; - all the increases combined during the duration Of the insurance may not amount to more than € 100.000,-; - after application of the option right, the insured capital must not exceed twice the capital insured upon commencement; - The increase shall take effect on the next contract expiry date and the written request for increase shall be made at least one month before the contract expiry date. 7.2 The right of option referred to in the previous paragraph expires: - when the insured person reaches the age of 60; - if the option right has not been exercised for three consecutive years; - if the insured is wholly or partially incapacitated for work. - if the insured has undergone treatment and/or examination by a medical specialist in the year immediately preceding the request for an increase: 1. heart and/or vascular diseases, 2. malignant diseases, 3. diseases of the brain or nervous system, 4. diabetes; - if antibodies against HIV have been found in the blood of the insured (the insured is HIV positive). 7.3 The increase shall take effect on the next contract expiry date.

Option Right. 7.1 The policyholder has the right to increase the insured capital each year of insurance. This is an exception to Article 2.5. These increases will be accepted by the insurer without further examination of the health of the insured person, provided that the following conditions are met: - the insurance is accepted upon commencement without any increase in premium; - the increase does not exceed 15% of the last insured capital; - after application of the option right, the insured capital must not exceed twice the capital insured upon commencement; - The increase shall take effect on the next contract expiry date and the written request for increase shall be made at least one month before the contract expiry date. 7.2 The right of option referred to in the previous paragraph expires: - when the insured person reaches the age of 60; - if the option right has not been exercised for three consecutive years; - if the insured is wholly or partially incapacitated for work. - if the insured has undergone treatment and/or examination by a medical specialist in the year immediately preceding the request for an increase: 1. heart and/or vascular diseases, 2. malignant diseases, 3. diseases of the brain or nervous system, 4. diabetes; - if antibodies against HIV have been found in the blood of the insured (the insured is HIV positive). 7.3 The increase shall take effect on the next 6 contract expiry date.

Option Right. 7.1 The policyholder has the right to increase the insured capital each year of insurance. This is an exception to Article 2.5. These increases will be accepted by the insurer without further examination of the health of the insured person, provided that the following conditions are met: - the insurance is accepted upon commencement without any increase in premium; - the increase does not exceed 15% of the last insured capital; - after application of the option right, the insured capital must not exceed twice the capital insured upon commencement; 6 - The increase shall take effect on the next contract expiry date and the written request for increase shall be made at least one month before the contract expiry date. 7.2 The right of option referred to in the previous paragraph expires: - when the insured person reaches the age of 60; - if the option right has not been exercised for three consecutive years; - if the insured is wholly or partially incapacitated for work. - if the insured has undergone treatment and/or examination by a medical specialist in the year immediately preceding the request for an increase: 1. heart and/or vascular diseases, 2. malignant diseases, 3. diseases of the brain or nervous system, 4. diabetes; - if antibodies against HIV have been found in the blood of the insured (the insured is HIV positive). 7.3 The increase shall take effect on the next contract expiry date.