Waiver of Premium-5-Year Renewable Term

Waiver of Premium (5-Year Renewable Term) (the 'Supplementary Benefit') is an optional supplementary benefit to be attached to Well Protect 5-Year Renewable Term Life Plan (the 'Basic Plan'). It waives premiums of the Basic Plan should total disability occur to the life insured of the Basic Plan.

Key Feature
Product Summary

Waiver of Premium

If the life insured sustains total disability for 183 consecutive days, premiums of the Basic Plan (together with premiums of the Supplementary Benefit) falling due will be waived, until the earlier of the life insured reaches age 65 or termination of total disability. Issue age of the Supplementary Benefit is from age 18 to 60.

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If the life insured sustains total disability for 183 consecutive days, premiums of the Basic Plan (together with premiums of the Supplementary Benefit) falling due will be waived, until the earlier of the life insured reaches age 65 or termination of total disability. Issue age of the Supplementary Benefit is from age 18 to 60.

Total Disability

Total disability means complete working incapacity of the life insured resulting from injury or sickness which occurs or manifests after the effective date of the Supplementary Benefit:

During the first two years of disability, to engage in any work, occupation or profession for which he is reasonably suited by education, training or experience to earn or to obtain any wages, compensation or profit; and
Beyond the first two years of disability, to engage in any work, occupation or profession to earn or to obtain any wages, compensation or profit.

The occurrence of any of the following shall also be considered as 'total disability':

Permanent loss of sight of both eyes; or
Loss of two limbs or the permanent total loss of use of two limbs; or
(a) Permanent loss of sight of one eye; and (b) Loss of one limb or the permanent total loss of use of one limb.

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Total disability means complete working incapacity of the life insured resulting from injury or sickness which occurs or manifests after the effective date of the Supplementary Benefit:

During the first two years of disability, to engage in any work, occupation or profession for which he is reasonably suited by education, training or experience to earn or to obtain any wages, compensation or profit; and
Beyond the first two years of disability, to engage in any work, occupation or profession to earn or to obtain any wages, compensation or profit.

The occurrence of any of the following shall also be considered as 'total disability':

Permanent loss of sight of both eyes; or
Loss of two limbs or the permanent total loss of use of two limbs; or
(a) Permanent loss of sight of one eye; and (b) Loss of one limb or the permanent total loss of use of one limb.

Waiver of Premium-5-Year Renewable Term

Product type:

Supplementary Benefit

Issue age:

Age 18 to 60

Policy currency:

Same as the basic plan

Premium payment term and benefit term:

To age 65

Premium structure:

Based on the issue age, gender and smoking habit

Premium payment mode:

Same as the basic plan

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Product Brochure (PDF 0.91 MB)

Note：

1. This plan is underwritten by Well Link Life Insurance Company Limited.

2. The above content contains general information for reference only and does not form part of the policy. Please refer to the policy document for benefit coverage and exact terms and conditions.

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