Terminal Illness (TI) Benefit Clause Samples
The Terminal Illness (TI) Benefit clause provides for the early payment of a portion or all of a life insurance policy’s death benefit if the insured is diagnosed with a terminal illness, typically defined as having a life expectancy of 12 to 24 months or less. To access this benefit, the policyholder must submit medical evidence confirming the diagnosis, and the insurer will review and approve the claim before disbursing funds. This clause is designed to offer financial support to the insured during a critical time, helping cover medical expenses or other needs, and alleviates the financial burden associated with terminal illness.
Terminal Illness (TI) Benefit. If the Life insured has a Terminal illness while the policy is in force, We will pay the death Benefit in one lump sum. The maximum aggregate amount payable is Five Million Singapore Dollars (S$ 5,000,000) per Life insured for all policies and riders issued by Us with Terminal illness Benefit. If the Terminal illness Benefit payable is lesser than the death Benefit, the death Benefit will be automatically reduced by the amount paid for the Terminal illness. The policy remains in force and the remaining death Benefit is the original death Benefit less the amount paid for Terminal illness. If the Terminal illness Benefit payable is the same as the death Benefit, the policy ends when We make this payment.
Terminal Illness (TI) Benefit. We do not pay the TI Benefit if the TI is directly or indirectly, wholly or partly caused by:
a) Intentional acts (sane or insane) such as self-inflicted injuries, suicide or attempted suicide;
b) Pre-existing conditions within the first 12 months from the Policy Issue date or the latest Reinstatement date, whichever is later; or
c) Acquired Immune Deficiency Syndrome (AIDS), AIDS-related conditions or infection in the presence of Human Immunodeficiency Virus (HIV) except HIV due to blood transfusion and occupationally acquired HIV.
Terminal Illness (TI) Benefit. We do not pay the TI Benefit if the TI is directly or indirectly, wholly or partly caused by:
a) Intentional acts (sane or insane) such as self-inflicted injuries, suicide or attempted suicide; or
b) Pre-existing conditions within the first twelve (12) months from the Policy issue date or the latest Reinstatement date, whichever is later; or
c) Acquired Immunodeficiency Syndrome (AIDS), AIDS-related conditions or infection in the presence of Human Immunodeficiency Virus (HIV) except HIV infection due to blood transfusion and occupationally acquired HIV. When TI exclusion happens, You have the option to either continue with this policy or to surrender the policy. When there is condition(s) specific to the Life insured which We will not cover, We will state them on Our offer of conditional acceptance, the Policy Information Page and Endorsement.
Terminal Illness (TI) Benefit. If the Life insured has a Terminal illness while the policy is in force, We will pay the Death Benefit in one lump sum. The maximum aggregate amount payable is Five Million Singapore Dollars (SGD 5,000,000) per Life insured for all policies and riders issued by Us with Terminal Illness Benefit. If the Terminal Illness Benefit payable is less than the Death Benefit, the Death Benefit will be automatically reduced by the amount paid for the Terminal illness. The policy remains in force and the remaining Death ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, #▇▇-▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ T+65 6336 0477 ▇▇▇.▇▇▇▇▇.▇▇▇.▇▇ Benefit is the original Death Benefit less the amount paid for Terminal illness. If the Terminal Illness Benefit payable is the same as the Death Benefit, the policy ends when We make this payment.
Terminal Illness (TI) Benefit. We do not pay the TI Benefit if the TI is directly or indirectly, wholly or partly caused by: • Intentional acts (sane or insane) such as self-inflicted injuries, suicide or attempted suicide; • Pre-existing conditions within the first twelve (12) months from the Rider issue date; or • Acquired Immunodeficiency Syndrome (AIDS), AIDS-related conditions or infection in the presence of Human Immunodeficiency Virus (HIV) except HIV infection due to blood transfusion and occupationally acquired HIV. When TI exclusion happens, You have the option to either continue with this rider or to surrender the rider. When there is condition(s) specific to the Life insured which We will not cover, We will state them on Our offer of conditional acceptance and the Endorsement.
Terminal Illness (TI) Benefit. If the Life insured is diagnosed with TI while the policy is in force, We will pay the Death Benefit in one lump sum. When We make this payment, the policy ends. The maximum aggregate amount payable is Five Million Singapore Dollars (SGD 5,000,000) per Life insured for all policies and riders issued by Us with TI Benefit.
Terminal Illness (TI) Benefit. If the Life insured has a TI while the policy is in force, We will pay the Death Benefit in one lump sum. The maximum aggregate amount payable is Five Million Singapore Dollars (SGD 5,000,000) per Life insured for all policies and riders issued by Us with TI Benefit. If the TI Benefit payable is lesser than the Death Benefit, the Death Benefit will be automatically reduced by the amount paid for the TI. The policy remains in force and the remaining Death Benefit is the original Death Benefit less the amount paid for TI. If the TI Benefit payable is the same as the Death Benefit, the policy ends when We make this payment.
Terminal Illness (TI) Benefit. We do not pay the TI Benefit if the TI is directly or indirectly, wholly or partly caused by:
a) intentional acts (sane or insane) such as self-inflicted injuries, suicide or attempted suicide;
b) Pre-existing conditions within the first twelve (12) months from the Policy Issue date, the date in which there is a new Life insured or the latest Reinstatement date, whichever is later; or
c) Acquired Immune Deficiency Syndrome (AIDS), AIDS-related conditions or infection in the presence of Human Immunodeficiency Virus (HIV) except HIV due to blood transfusion and occupationally acquired HIV. ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, #▇▇-▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ T+65 6336 0477 ▇▇▇.▇▇▇▇▇.▇▇▇.▇▇
Terminal Illness (TI) Benefit. If an Insured Cardmember suffers from a condition for the first time in his/ her life, from one or more diseases where his/her life expectancy is twelve (12) months or less from the date of application for TI Benefit, the Insurance Company will pay half of the TI Benefit to the Bank towards settlement of the Outstanding Balance of the Card and pass on the remaining half to the Insured Cardmember, upon receipt of due proof of the TI in writing satisfactory to the Insurance Company. The TI Benefit shall be equal to 200% of the Outstanding Balance of the Card as at the claim date.
Terminal Illness (TI) Benefit. If the Life insured has a TI while the policy is in force, We will pay the Death Benefit in one lump sum. The maximum aggregate amount payable is Five Million Singapore Dollars (SGD 5,000,000) per Life insured for all policies and riders issued by Us with TI Benefit. The amount to be aggregated for USD policies is derived by applying an exchange rate determined by Us to the USD amount. ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, #▇▇-▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ T+65 6336 0477 ▇▇▇.▇▇▇▇▇.▇▇▇.▇▇ If the TI Benefit payable is less than the Death Benefit, the Death Benefit will be automatically reduced by the amount paid for the TI. The policy remains in force and the remaining Death Benefit is the original Death Benefit less the amount paid for TI. If the TI Benefit payable is the same as the Death Benefit, the policy ends when We make this payment.