What Do We Mean With These Words. 16-17
1. Our Agreement
1.1 The Agreement
What Do We Mean With These Words. Age means the Age at next birthday. Assignee means any person to whom You have transferred Your rights as the Policy o wner and the assignment is registered with Us. Basic policy means the policy as it exists, including the supplementary terms and any Endorsement made to it, without any optional supplementary Benefit / rider. Benefit(s) means any payments that We will pay and/or the amount of Premium that We will waive when certain events defined in this policy occur. Doctor means a licensed person who is qualified by degree in western medicine to practice medicine. The license is given by the appropriate medical authority of his country of residence to practice medicine within his scope of licensing and training. This cannot be the Life insured, a family member or a relative. Endorsement means any written change to the policy which is issued and properly authorised by Us. Expiry date means the date the policy ends and where no Benefit is payable. Life insured means the person whom We provide the cover for. The Life insured does not have any right to the policy, unless he/she is also the Policy owner. Non-participating means it does not share in any surplus or profits of the Company’s fund. Policy commencement date means the date the policy commences, as shown in the Policy Information Page. Policy issue date means the date We issue the policy. This is shown in the Policy Information Page. Policy owner is the person named as the owner in the Policy Information Page or any Endorsement issued by Us. The Policy owner has full rights on the policy, unless the policy has been transferred to another party. Pre-existing condition means the existence of any signs or symptoms before the Policy issue date, the last increase in policy’s Sum insured made, whichever is later, for which treatment, medication, consultation, advice, or diagnosis has been sought or received by the Life insured or would have caused any reasonable and sensible person to get medical advice or treatment. Premium(s) is the amount of money that You pay to Us to keep this policy in force. Prohibited Person means a person or entity who is, or who is related to a person or entity:
a) subject to laws, regulations or sanctions administered by any inter-government, government, regulatory or law enforcement authorities of any country, which will prohibit or restrict Us from providing insurance or carrying out any transaction under this policy; or
b) who is involved in any terrorist or illegal activitie...
