Common use of WHAT IS COVERED Clause in Contracts

WHAT IS COVERED. In the event that the Insured Person is diagnosed with a Major Critical Illness or undergoes a Major Surgical Procedure while the Plan is in force, we will pay the Sum Insured as the Major Critical Illness Benefit to you (see Section 2.1). In the event that, while the Plan is in force and after the Major Critical Illness Benefit has become payable, the Insured Person is diagnosed with a subsequent Major Critical Illness or undergoes a subsequent Major Surgical Procedure, we will pay the Sum Insured as the Multiple Cover Benefit to you (see Section 2.2). In the event that the Insured Person dies while the Plan is in force, we will pay 5% of the Sum Insured as the Compassionate Death Benefit to the Beneficiary (see Section 2.3). These are explained in more detail in Part 2. It is also important that you understand the conditions under which the Insured Person may not be covered, and this is explained in Part 3.