MY FIRST ACCOUNT TERM LIFE POLICY

Death Benefit

emPLE will pay the BENEFICIARY the sum assured amount (as stipulated on the schedule) at the time of death of the POLICYHOLDER. This assumes the cost of Education of the named Beneficiary.

Exclusions: Death

• Active participation in war, invasion, acts of foreign enemies...

Job-Loss Benefit

emPLE will pay POLICY HOLDER the agreed job loss benefit upon confirmation that the employer has terminated the appointment of the borrower’s full-time permanent employment. This benefit is limited only to full-time permanent employees and has a waiting period of 3 months.

Exclusions:

• The Job Loss Benefit claim will be declined if the Policyholder's Retrenchment is directly or indirectly attributable to...

Claims Process

Death Claims

POLICY HOLDER must submit the claim on emPLE's prescribed forms (as provided by emPLE). The completed forms, together with the other documentation specified in the forms, are to be submitted to emPLE within 120 days after the POLICYHOLDER’S death, failing which the right to claim will lapse.

emPLE will not be liable for any costs incurred in meeting these requirements.

The required documents are listed as follows:

• The original Life Assurance Notification of Death Claim form

Job Loss Claims

Claims should be submitted within 6 months of retrenchment of the POLICYHOLDER.

POLICY HOLDER shall notify emPLE in writing of the insured event through a claims form with:

• Termination letter of the borrower

Claims shall be processed and paid no later than two working days after the submission of all required documents and upon the execution of claims discharge voucher.