Coverage Term
Payment Mode
Insurable Age
- 20 – 60 years (at the end of the coverage period, the insured shall not be older than 65)
- The insured must be K-Home Loan customer
Minimum Sum Insured
Benefits and Coverage
The insured would be entitled to the following coverage throughout the contract term.
- In case of death by all causes (except by the causes under exclusion): coverage is equal to the reducing sum insured at the time of death
- In case of total and permanent disability (TPD) (except by the causes under exclusion): pay in following scenarios:
2.1 In case the total and permanent disability continue for ar least 180 days, the Company would pay 100% of the sum insured at the time the disability starts in accordance with the redcing sum insured schedule stated in the policy, and this contract is deemed cease.
2.2 In case the total and permanent disability has apparent proof or obvious medical indication, the Company would pay 100% of the sum insured at the time the disability starts in accordance with the redcing sum insured schedule stated in the policy, and this contract is deemed cease.
Only the life insurance premium is eligible for personal income tax deduction according to the Notification of the Director- General of the Revenue Department on Income Tax No. 172 announced on 30 December 2008; however, the insurance term shall be at least 10 years or more.
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