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POLICY TERMS AND CONDITIONS
Unilifeglobal Limited. (the "Company") will, in return for the payment
of the premiums on the due dates, pay the benefits described in
this policy (the "Policy") under the circumstances specified in the
conditions to the person or persons entitled to receive payment.
The Policy is issued on the basis of a proposal and declaration
accepted by the Company. All requests or notices to the Company,
including requests to exercise any options available under the
Policy, should be sent in writing to the Company at its Head Office,
together with the Policy where required by the Company.
The benefits will be paid on production of the Policy and such
other documents as the Company may require, at the Company's
Head Office, which is in London. All sums payable by or to the
Company shall be payable in the currency specified in the Policy
Schedule.
The Policy defined by its unique number comprises these Policy
conditions, together with any future amendments, the Policy
Schedule and any attaching policy exclusions.
The Policy and the Proposal for it constitute the entire contract.
Any fraud, concealment, or deliberate mis-statement by or known
to the Insured shall render the whole Insurance null and void and
all claims hereunder shall be forfeited.
Conditions Applicable to the International Term Plan
1 Definitions and Law
1.1
This insurance shall be governed by the Laws of Mauritus
and subject to the exclusive Jurisdiction of the courts of
Mauritius.
1.2 In the Policy, unless the context indicates otherwise, the
singular is deemed to include the plural, and the masculine
the feminine, and vice versa.
1.3
"Actuary" means the Actuary appointed by the Company.
1.4
"Death Benefit" means such benefits (Sum Assured and if
applicable the Accidental Death Benefit Sum Assured) as
shown in the Policy Schedule which become payable on
the death of the Life Assured.
1.5
"Due Date" means the monthly, semi-annual or annual
anniversary of the Start Date as applies to the Selected
Premiums as shown in the Policy Schedule.
1.6
"Life Assured" means the life or lives assured as shown in
the Policy Schedule.
1.7
"Minimum Sum Assured" means the minimum Sum Assured
allowed by the Company under this Policy.
1.8
"Policy Owner" means the policy owner as shown in the
Policy Schedule.
1.9
"Protection Benefits" means the totality of benefits shown
in the Policy Schedule which are effected on the life of
the Life Assured (to include the Sum Assured and if
applicable the Accidental Death Benefit Sum Assured).
1.10 "Selected Premium" means the selected monthly premium,
selected semi-annual premium or the selected annual
premium as shown in the Policy Schedule.
1.11 "Start Date" is stated on the Policy Schedule being the
date upon which the company assumes risk in respect of
the benefits provided under the Policy.
1.12 "Sum Assured" is the death benefit payable as shown in
the Policy Schedule.
1.13 "Basic Premium" is the premium payable for the basic
death benefit as shown in the Policy Schedule.
1.14 "Guaranteed Premium" means that once underwritten the
premium is guaranteed for the term of the policy.
2
Days of Grace
2.1
Thirty Days of Grace (the "Days of Grace") are allowed for
the Payment of due Selected Premiums.
2.2
A premium payment will not be regarded as having been
received until the payment is received by the Company.
2.3
The Selected Premiummust be paid in the Policy Currency,
be of an amount that meets or exceeds the minimum
permitted premium by the Company, by a method
acceptable to the Company and in accordance with the
Selected Premium Frequency.
2.4
If the Death Benefit becomes payable all premiums due
but unpaid shall be deducted by the company from the
Death Benefit before it is paid.
2.5
If a Selected Premium remains unpaid at the end of the
Days of Grace, the Policy shall, at the Company's discretion,
terminate without value.
3 Misstatement of Date of Birth
If the Date of Birth of the Life Assured is found to be other
than that stated in the proposal for this Policy, any benefits
payable will be those as determined by the Company
which the Premiums paid would have provided based on
the correct Date of Birth
4
Variation
Should there be a change affecting the Policy as a result
of legislation or otherwise, or should circumstances be
such that the Company determines that it is impractical
or impossible to give full effect to the Policy, then the
Company shall have the right to make such alterations to
the Policy as the Actuary deems appropriate.
Terms and Conditions
International Term 100
1
