Common use of Survival Benefit Clause in Contracts

Survival Benefit. If the Life insured survives and the policy is still in force at the payout date, you will receive the survival benefit according to the Survival Benefit Receiving Option that was selected. The survival benefit is the sum of; a) total premiums paid on the basic policy; b) reversionary bonus (if any); and c) performance bonus (if any); less any outstanding amount owing to Us. You have the option of receiving the survival benefit either in a lump sum or in yearly payments of 5 or 10 years (via direct credit to your designated bank account). While you can choose one of these options at the application stage, if you did not state your choice of option, the default option is to receive the survival benefit in a lump sum at the end of the 15th policy year. You may write in to Etiqa to change the survival benefit receiving option at any time before the end of the 14th policy year. (a) If you opt to receive the survival benefit in one lump sum at the end of the 15th policy year, the policy will end when we make this payment. This payment is the maturity benefit. (b) If you opt to receive the survival benefit in 5 yearly payments, you will receive the amount including non- guaranteed interest* earned on the survival benefit balance starting from the payout date and every anniversary thereafter up to the 19th policy year, so long as your policy is valid. The yearly payment on the 19th policy year will be paid as the maturity benefit. (c) If you opt to receive the survival benefit in 10 yearly payments, you will receive the amount including non- guaranteed interest* earned on the survival benefit balance starting from the payout date and every anniversary thereafter up to the 24th policy year, so long as your policy is valid. The yearly payment on the 24th policy year will be paid as the maturity benefit. Yearly payments cannot be deposited with Etiqa and we may change the interest rate at any time by giving you 30 days’ notice. *Interest earned each year will be spread over the remaining years.

Survival Benefit. If the Life insured survives and the policy is still in force at the payout date, you You will receive the survival benefit according in the way You have chosen to the receive it. Survival Benefit Receiving Option that was selected. The survival benefit is the sum of; a) total premiums Premiums You paid on the basic policyBasic policy (not inclusive of interest and Automatic Premium Benefit); b) reversionary bonus (if any); and c) performance bonus (if any); less any outstanding amount owing to that You still owe Us. You have the option of receiving the survival benefit Benefit either in a lump sum or in yearly payments of 5 ten (10) or 10 fifteen (15) years (via direct credit to your Your designated bank account). While you can choose one of these options at the application stage, if you did not state your choice of option, the default option is to receive the survival benefit in a lump sum at the end of the 15th policy year. You may write in to Etiqa Us to change the survival benefit Benefit receiving option at any time twelve (12) months before the end of the 14th policy yearpayout date. (a) If you You opt to receive the survival benefit Benefit in one lump sum at the end of the 15th policy yearsum, the policy will end when we We make this payment. This payment is the maturity benefitBenefit. (b) If you You opt to receive the survival benefit Benefit in 5 ten (10) yearly payments, you You will receive the amount including non- non-guaranteed interest* earned on the survival benefit Benefit balance starting from the payout date and every anniversary thereafter up to the 19th policy 21st Policy year, so long as your Your policy is valid. The yearly Yearly payment on the 19th policy 21st Policy year will be paid as the maturity benefitBenefit. (c) If you You opt to receive the survival benefit Benefit in 10 fifteen (15) yearly payments, you You will receive the amount including non- non-guaranteed interest* earned on the survival benefit Benefit balance starting from the payout date and every anniversary thereafter up to the 24th policy 26th Policy year, so long as your Your policy is valid. The yearly Yearly payment on the 24th policy 26th Policy year will be paid as the maturity benefitBenefit. Yearly payments cannot be deposited with Etiqa Us and we We may change the interest rate at any time by giving you 30 You thirty (30) days’ notice. *Interest earned each year will be spread over the remaining years.

Survival Benefit. If the Life insured survives and the policy is still in force at the payout Payout date, you You will receive the survival benefit according Benefit in the way You have chosen to the receive it. Survival Benefit Receiving Option that was selected. The survival benefit is the sum of;: a) total premiums Premiums You paid on the basic policyBasic policy and any compulsory supplementary benefit (excluding interest and Automatic Premium Benefit); b) reversionary bonus (if any); and c) performance bonus (if any); less any outstanding amount owing to that You still owe Us. Survival Benefit Receiving Option You have the option of receiving the survival benefit Benefit either in a lump sum or in yearly payments of 5 10 or 10 15 years (via direct credit to your Your designated bank account). While you You can choose one of these options at the application stage, if you You did not state your Your choice of option, the default option is to receive the survival benefit Benefit in a lump sum at the end of the 15th policy Policy year. You may write in to Etiqa to change the survival benefit Benefit receiving option at any time before the end of the 14th policy Policy year. (a) If you You opt to receive the survival benefit Benefit in one lump sum at the end of the 15th policy Policy year, the policy will end when we We make this payment. This payment is the maturity benefitBenefit. (b) If you You opt to receive the survival Benefit in 10 yearly payments, You will receive the amount including non- guaranteed interest* earned on the survival Benefit balance starting from the Payout date and every anniversary thereafter up to the 24th Policy year, so long as Your policy is valid. Yearly payment on the 24th Policy year will be paid as the maturity Benefit. c) If You opt to receive the survival benefit in 5 15 yearly payments, you You will receive the amount including non- guaranteed interest* earned on the survival benefit balance starting from the payout Payout date and every anniversary thereafter up to the 19th policy 29th Policy year, so long as your Your policy is valid. The yearly Yearly payment on the 19th policy year will be paid as the maturity benefit. (c) If you opt to receive the survival benefit in 10 yearly payments, you will receive the amount including non- guaranteed interest* earned on the survival benefit balance starting from the payout date and every anniversary thereafter up to the 24th policy year, so long as your policy is valid. The yearly payment on the 24th policy 29th Policy year will be paid as the maturity benefit. Yearly payments cannot be deposited with Etiqa and we We may change the interest rate at any time by giving you You 30 days’ notice. *Interest earned each year will be spread over the remaining years.

Survival Benefit. If the Life insured survives and the policy is still in force at the payout Payout date, you You will receive the survival benefit according Benefit in the way You have chosen to the receive it. Survival Benefit Receiving Option that was selected. The survival benefit is the sum of;: a) total premiums Premiums You paid on the basic policyBasic policy and any compulsory supplementary Benefit (excluding interest and Automatic Premium Benefit); b) reversionary bonus (if any); and c) performance bonus (if any); less any outstanding amount owing to that You still owe Us. You have the option of receiving the survival benefit Benefit either in a lump sum or in yearly payments of 5 10 or 10 15 years (via direct credit to your Your designated bank account). While you You can choose one of these options at the application stage, if you You did not state your Your choice of option, the default option is to receive the survival benefit Benefit in a lump sum at the end of the 15th policy Policy year. You may write in to Etiqa to change the survival benefit Benefit receiving option at any time before the end of the 14th policy Policy year. (a) If you You opt to receive the survival benefit Benefit in one lump sum at the end of the 15th policy Policy year, the policy will end when we We make this payment. This payment is the maturity benefitBenefit. (b) If you You opt to receive the survival benefit Benefit in 5 10 yearly payments, you You will receive the amount including non- non-guaranteed interest* earned on the survival benefit Benefit balance starting from the payout date and every anniversary thereafter up to the 19th policy year, so long as your policy is valid. The yearly payment on the 19th policy year will be paid as the maturity benefit. (c) If you opt to receive the survival benefit in 10 yearly payments, you will receive the amount including non- guaranteed interest* earned on the survival benefit balance starting from the payout Payout date and every anniversary thereafter up to the 24th policy Policy year, so long as your Your policy is valid. The yearly Yearly payment on the 24th policy Policy year will be paid as the maturity benefitBenefit. c) If You opt to receive the survival Benefit in 15 yearly payments, You will receive the amount including non-guaranteed interest* earned on the survival Benefit balance starting from the Payout date and every anniversary thereafter up to the 29th Policy year, so long as Your policy is valid. Yearly payment on the 29th Policy year will be paid as the maturity Benefit. Yearly payments cannot be deposited with Etiqa and we We may change the interest rate at any time by giving you You 30 days’ notice. *Interest earned each year will be spread over the remaining years.