Terminal Illness Benefit. Once an employee is diagnosed with a terminal illness and a medical practitioner establishes they have a life expectancy of six (6) months or less. The employee will be provided access to 50% of their death benefit.
Terminal Illness Benefit. If the Life insured has a terminal illness while the policy is in force, we will advance the death benefit. The maximum aggregate amount payable is $5 million per Life insured for all policies and riders issued in Singapore with terminal illness benefit. If the terminal illness benefit payable is lesser than the death benefit, the death benefit will be automatically reduced by the amount paid for the terminal illness. The policy remains in force and the remaining death benefit is the original death benefit less the amount paid for terminal illness. If the terminal illness benefit payable is the same as the death benefit, the policy ends when we make this payment.
Terminal Illness Benefit. We will not pay the terminal illness benefit if it is due to: intentional acts (sane or insane) such as self-inflicted injuries, suicide or attempted suicide; AIDS, AIDS-related conditions or infection in the presence of HIV except HIV due to blood transfusion and occupationally acquired HIV.
Terminal Illness Benefit. 3.3.1. Subject to Sections 3.4, 4, 5, 9.4, 9.5 and 9.11 below, if the Life Insured is Diagnosed with Terminal Illness at any time during the Policy Term, We shall on receipt of Your written request, pay the following benefits to the Life Insured:
i. Up to 50% (Fifty percent) of the Guaranteed Maturity Sum Assured or the Reduced Paid Up Maturity Sum Assured, as the case may be, on the date of intimation, subject to a maximum cumulative amount of INR 10,00,000 (Rupees Ten Lakhs) under all Our policies issued with respect to the Life Insured which provide for Terminal Illness benefit, on the approval of Terminal Illness claim filed by You. Upon payment of the Terminal Illness benefit, the benefits under all policies then in force, which provide for the Terminal Illness benefit will be proportionately reduced and will be payable in accordance with the terms of the respective policies.
ii. The maturity benefit or the death benefit or the Surrender Value, as the case may be, will be reduced by the amount of Terminal Illness benefit already paid and the remaining maturity benefit or remaining death benefit or the remaining Surrender Value, as the case may be, will be payable, subject to the terms of this Policy.
3.3.2. If the Life Insured is alive during the Policy Term and the Policy is not under Reduced Paid Up Mode, You shall continue to pay all the due Premiums.
3.3.3. The bonus(es), if any, will be declared by Us on the basis of the original Guaranteed Maturity Sum Assured.
3.3.4. Terminal Illness benefit can be availed under this Policy only once during the Policy Term.
Terminal Illness Benefit. We will not pay the Terminal illness Benefit if the Terminal illness is directly or indirectly, wholly or partly caused by:
a) Intentional acts (sane or insane) such as self-inflicted injuries, suicide or attempted suicide; or
b) Acquired Immune Deficiency Syndrome (AIDS), AIDS-related conditions or infection in the presence of Human Immunodeficiency Virus (HIV) except HIV due to blood transfusion and occupationally acquired HIV. When there is condition(s) specific to the Life insured which We will not cover, We will state them on Our Letter of Conditional Acceptance. When any of the exclusion happens, We will return the total Premiums paid (less any amounts previously paid to You under this policy) without interest, less any amounts owing to Us.
Terminal Illness Benefit. If You qualify for benefits under the definition of Terminally Ill, You may take a Penalty Free Withdrawal up to an amount equal to the Terminal Illness Withdrawal Percentage multiplied by the Accumulation Value. If You elect to take 100% of the Accumulation Value under this provision, the Contract will terminate after the benefit has been paid. If there are Joint Owners, the benefits under this Rider may only be elected once if either Joint Owner become Terminally Ill.
Terminal Illness Benefit. 4.1 If the Life Assured is diagnosed with Terminal Illness while the Policy is in force, the Company will pay the Death Benefit in one lump sum.
Terminal Illness Benefit. If the primary Life insured has a Terminal illness while the policy is in force and there is no appointed secondary Life insured, We will pay the death Benefit in one lump sum. If there is an appointed secondary Life insured, We will pay the death Benefit in one lump sum if the last surviving Life insured has a Terminal illness. The maximum aggregate amount payable is Five Million Singapore Dollars (SGD 5,000,000) per Life insured for all policies and riders issued by Us with Terminal illness Benefit. If the Terminal illness Benefit payable is lesser than the death Benefit, the death Benefit will be automatically reduced by the amount paid for the Terminal illness. The policy remains in force and the remaining death Benefit is the original death Benefit less the amount paid for Terminal illness. If the Terminal illness Benefit payable is the same as the death Benefit, the policy ends when We make this payment.
Terminal Illness Benefit. We do not pay the Terminal illness Benefit if the Terminal illness is directly or indirectly, wholly or partly caused by:
a) Intentional acts (sane or insane) such as self-inflicted injuries, suicide or attempted suicide;
b) Pre-existing conditions within the first 12 months from the Policy issue date, the date in which the secondary Life insured becomes the new Life insured or the latest Reinstatement date, whichever is later; or
c) Acquired Immune Deficiency Syndrome (AIDS), AIDS-related conditions or infection in the presence of Human Immunodeficiency Virus (HIV) except HIV due to blood transfusion and occupationally acquired HIV.
Terminal Illness Benefit. Withdrawal charges will be waived if the Primary Annuitant has a terminal illness. A terminal illness is an illness that is expected to result in the death of the Primary Annuitant in 12 months or less. An Owner requesting waiver of withdrawal charges is required to provide proof, satisfactory to the Company, of the Primary Annuitant's terminal illness. The proof must include a certification from a licensed physician stating that the Primary Annuitant's life expectancy is 12 months or less. No withdrawal charges will be waived if the determination that the Primary Annuitant's life expectancy is 12 months or less was first made prior to the Issue Date. No Purchase Payments can be made to the contract once proof of terminal illness is provided to the Company.
