Common use of Terminal Illness (TI) Benefit Clause in Contracts

Terminal Illness (TI) Benefit. If the Life insured has a Terminal illness while the policy is in force, We will pay the death Benefit in one lump sum. The maximum aggregate amount payable is Five Million Singapore Dollars (S$ 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 (TI) Benefit. If the Life insured has a Terminal illness while the policy rider is in force, We will pay the death Benefit in one lump sum. The maximum aggregate amount payable is Five Million Singapore Dollars (S$ 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 rider 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 rider ends when We make this payment.

Terminal Illness (TI) Benefit. If the Life insured has a Terminal illness while the policy is in force, We will pay the death Benefit in one lump sum. The maximum aggregate amount payable is Five Million Singapore Dollars (S$ 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 (TI) Benefit. If the Life insured has a Terminal illness while the policy is in force, We will pay the death Death Benefit in one lump sum. The maximum aggregate amount payable is Five Million Singapore Dollars (S$ SGD 5,000,000) per Life insured for all policies and riders issued by Us with Terminal illness Illness Benefit. If the Terminal illness Illness Benefit payable is lesser less than the death Death Benefit, the death Death Benefit will be automatically reduced by the amount paid for the Terminal illness. The policy remains in force and the remaining death Death Benefit is the original death Death Benefit less the amount paid for Terminal illness. If the Terminal illness Illness Benefit payable is the same as the death Death Benefit, the policy ends when We make this payment.