RENT, LIFE
& WORK
INSURANCE

Alex has recently been made redundant by his company. He has been having really a hard time looking for a new job because of how competitive the job market is in his field of work.

With our Instant Redundancy Cover plan, Alex will now have enough money to get by until he is able to find himself a new job.

Redundancy Benefit

This is an optional benefit. If you have a Redundancy Benefit, it will be shown in the schedule.

You cannot have the Redundancy Benefit unless you also have the Loan and Rent Assistance Benefit for the same life assured.

What we cover

If the life assured:

Is made redundant at least 90 days after the policy start date; and

Was employed continuously for 90 days prior to the effective date of the redundancy, we will pay you the Redundancy Benefit for the life assured.

What we pay

The Redundancy Benefit is the monthly amount shown in the schedule.

We will pay the Redundancy Benefit monthly in advance for three months, commencing four weeks after the effective date of the redundancy.

Meet Mark and Jane, a lovely young couple who just purchased a house and a car. Mark is worried about the amount of loans Jane could be left with if he suddenly passes away.

Mark decided to get an Instant Life Cover plan. This makes sure that Jane would be able to stand on her feet while giving Mark the peace of mind he needs.

Life Benefit

This is an optional benefit. If you have a Life Benefit, it will be shown in the schedule.

What we cover

If the life assured dies or is diagnosed with a terminal illness, we will pay you the Life Benefit for the life assured.

What we pay

The Life Benefit is the amount shown in the schedule. We will pay the Life Benefit only once for a life assured, i.e. we will pay if the life assured either dies or is diagnosed with a terminal illness but not both.

What is excluded?

We will not pay the Life Benefit if the life assured’s death or terminal illness is directly or indirectly caused or contributed to by:

• Suicide or attempted suicide within thirteen months after the policy start date; or
• A Pre-Existing Condition (as defined below); or
• The life assured participating in a Hazardous Activity (as defined below).

John has a 9 to 5 job and makes just enough money to pay his bills. One day, John was diagnosed with chronic fatigue syndrome which left him unable to work for a long period of time.

Good thing John got the Instant Loan and Rent Cover plan beforehand. This enabled him to keep the roof over his head while he recuperates.

Loan and Rent Assistance Benefit

This is an optional benefit. If you have a Loan and Rent Assistance Benefit, it will be shown in the schedule.

What we cover

If the life assured is Totally Disabled for at least four weeks in a row after the policy start date, we will pay you the Loan and Rent Assistance Benefit for the life assured.

What we pay

The Loan and Rent Assistance Benefit is the monthly amount shown in the schedule. We will pay the Loan and Rent Assistance Benefit as follows:

First Payment Period – we will pay you monthly in advance for each of the first three months after expiry of the four week period.

Second Payment Period – if, after the first three months, the life assured still is Totally Disabled from the same cause, we will pay you monthly in advance for each of the next three months.