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Q: |
Could the insured buy the Critical Illness 10-Year Term Insurance and Critical Illness Savings Insurance at the same time?
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A: |
Yes if the aggregate amount of sum insured for Critical Illness benefit per insured does not exceed US$300,000/ HK$2,400,000.
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Q: |
Is there any waiting period for critical illness protection?
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A: |
Yes, the critical illness protection will be effective 90 days after the policy issue date or the date of approval of last reinstatement, whichever is later.
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Q: |
Is the life protection still valid for the insured if the critical illness benefit has been claimed and paid?
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A: |
Life protection will be terminated immediately after the critical illness benefit has been claimed and paid. Either critical illness benefit or death benefit will be payable during the protection period.
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Q: |
Will the premium be refunded if the policy owner surrenders the policy?
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A: |
Premium will not be refunded upon surrender of policy. In the case of Critical Illness Savings Insurance, a lump sum equivalent to the guaranteed cash value and special dividend (if any) at the time of policy surrender will be payable to the policy owner.
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Q: |
Is it necessary for customer to provide medical report to prove the health status when applying for Critical Illness 10-Year Term Insurance or Critical Illness Savings Insurance?
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A: |
If necessary, BEA Life limited ("The Company") may require the customer to provide medical report or undergo a medical examination. The cost of medical examination will be borne by the Company.
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