For insurable persons, additional benefit is subject to approval of insurance claim.
Cash Benefit
The plan holder’s beneficiaries shall receive 100% of the Contract Price if the plan holder, who is within the insurable ages of 18 to 60 years (no beyond his/her 60th birthday) at the time of purchase of the plan, dies during the paying period of within five (5) years after the full payment of the plan and the plan holder has not reached the age of 65 upon death.
Unpaid Balance Demmed Paid
The unpaid balance is considered paid if the plan holder, who is within the insurable ages of 18 to 60 years (not beyond his/her 60th birthday) at the time of purchase of the plan, passes away anytime within the paying period and if the plan holder has not reached the age of 65 upon death.
Waiver of Installment
The plan holder, who is within the insurable ages of 18 to 60 years (not beyond his/her 60th birthday) at the time of purchase of the plan, is exempted from paying the installment balance in the event of an uninterrupted disability of at least six (6) months during the paying period and if the plan holder has not reached the age of 60 upon disability.
Accidental Death and Dismemberment
The plan holder’s beneficiaries shall receive a cash benefit equivalent to the Contract Price for accidental loss of life, loss of both hands, both feet, sight of both eyes and a combination thereof. If the plan holder, who is within the insurable ages of 18-55 years old (not beyond his/her 55th birthday) at the time of purchase of the plan, dies due to accident during the paying period and the plan holder has not reached the age of 60 upon death.
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