30% Discount on year 2 premium paid in advance​

How much do I pay for year 3 premium onward?

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Based on the example above, you are required to pay annual premium of $1,000 from year 3 onward as normal to continue the in-force status of your Policy.

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Can I request the year 2 premium I already pay back?

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You are allowed to request refund of Year 2 Premium Paid in Advance that is discounted back if Year 2 has not reached. However, you are not entitled to this discount anymore. You are required to pay due year 2 premium in full to continue the in-force status of the Policy.

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What if I want to cancel my Policy after purchase?​

If you cancel your Policy within 21 days from policy issuance date, your initial premium and Year 2 Premium Paid in Advance that is discounted will be refunded, minus medical examination cost (if any).

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What if I surrender my Policy (after 21 days from policy issuance date) before my policy reaches year 2?​

If you surrender your Policy before reaching year 2, Year 2 Premium Paid in Advance that is discounted shall be refunded. Surrender value (if any) shall be payable as per usual practice of policy terms and conditions.

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What if claim happens before reaching my policy reaches year 2?​

If claim happens in year 1 and has not reached year 2, Year 2 Premium Paid in Advance that is discounted shall be refunded. Then the claim shall be assessed and settled as per usual practice of policy terms and conditions.

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Underwriting​

The acceptance of your new Policy is subject to underwriting as usual practice. 

Other notes​

The rest of product’s terms and conditions under Insurance Policy are applicable as usual practice.

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