PRODUCT SUMMARY Dread Disease Premium Waiver (ILP) (WOP1) 1. Rider Description Dread Disease Premium Waiver (ILP) is a unit-deducting rider that waives future regular premiums on the basic policy for the remaining term of the rider upon diagnosis of the insured with a specified dread disease (DD) during the term of the rider. The maximum entry age is 54 last birthday and the rider will not cover beyond age 84 last birthday of the insured. 2. Benefits Dread Disease (DD) Waiver Benefit Upon diagnosis of the insured with a specified DD during the term of the rider, future regular premiums on the basic policy will be waived for the remaining term of the rider. The basic policy will continue to apply (as if the regular premiums have been paid) during this period even though regular premiums are not paid. During this period, a change in the regular premium of the basic policy is not allowed. The specified DDs covered under this rider are: No. 1* Major Cancers 21* Motor Neurone Disease 2* Heart Attack of Specified Severity 22* Primary Pulmonary Hypertension No. 3* Stroke 23* 4* Coronary Artery By-Pass Surgery 24* Benign Brain Tumour 5* Kidney Failure 25* Viral Encephalitis 6* Aplastic Anaemia 26* Bacterial Meningitis 7* End Stage Lung Disease 27* Blindness (Loss of Sight) 8* End Stage Liver Failure 28* Major Head Trauma HIV Due to Blood Transfusion and Occupationally Acquired HIV 9* Coma 29* Paralysis (Loss of Use of Limbs) 10* Deafness (Loss of Hearing) 30* Terminal Illness 11* Heart Valve Surgery 31* Progressive Scleroderma Page 1 of 6
12* Loss of Speech 32* Apallic Syndrome 13* Major Burns 33* Systemic Lupus Erythematosus with Lupus Nephritis 14* Major Organ / Bone Marrow Transplantation 34* Other Serious Coronary Artery Disease 15* Multiple Sclerosis 35* Poliomyelitis 16* Muscular Dystrophy 36* Loss of Independent Existence 17* Parkinson s Disease 37 Chronic Adrenal Insufficiency (Addison's Disease) 18* Surgery to Aorta 38 Chronic Relapsing Pancreatitis 19* Alzheimer s Disease / Severe Dementia 39 Cardiomyopathy (Class IV) 20* Fulminant Hepatitis Please refer to the policy contract for the full definitions of each DD and the circumstances in which the claim can be made. A waiting period of 90 days will apply from the cover start date for major cancers, heart attack of specified severity, coronary artery by-pass surgery and other serious coronary artery disease. For coronary artery by-pass surgery, the date of diagnosis shall refer to the date of diagnosis of the medical condition that leads to the surgical procedure, and not the date of the surgical procedure. *The Life Insurance Association Singapore (LIA) has standard Definitions for 37 severe-stage Dread Diseases (Version 2014). This Dread Disease falls under Version 2014. You may refer to www.lia.org.sg for the standard Definitions (Version 2014). For Dread Diseases that do not fall under Version 2014, the definitions are determined by the insurance company. 3. Insurance Cover Charges There is a monthly insurance cover charge payable for this rider throughout the term of the rider. This charge is based on the insured s age, gender, smoker status and the rider s sum at risk at the time this charge is due. This charge will be taken from the cash-in value of the basic policy by cancelling units at the bid price. The sum at risk means the regular premiums of the basic policy for the remaining term of the rider. Please note that the insurance cover charge for this rider is not guaranteed. Income will give at least one months notice before making any change. The insurance cover charge rates are shown in Appendix 1. 4. Premium Holiday If the basic policy enters into a premium holiday, the insurance cover charge for the rider will continue to apply by cancelling units at bid price. During this premium holiday period, the coverage for the rider will continue till age 84 last birthday of the insured or the basic policy ends when the cash-in value of the basic policy falls to zero or becomes negative. Page 2 of 6
5. Exclusions There are certain conditions under which no benefits will be payable under this rider as listed below. Please refer to the policy contract for the full details of the exclusions. Dread Disease Waiver Benefit The benefit is not payable if the claim arises from: deliberate acts such as self-inflicted injuries, illnesses or attempted suicide; deliberate misuse of drugs or alcohol; acquired immunodeficiency syndrome (AIDS), AIDS-related complex or infection by human immunodeficiency virus (HIV), except as stated under HIV due to blood transfusion and occupationally acquired HIV; or major cancers, heart attack of specified severity, coronary artery by-pass surgery or other serious coronary artery disease, where the insured was diagnosed with the disease within 90 days after the cover start date. For coronary artery bypass surgery, the date of diagnosis shall refer to the date of diagnosis of the medical condition that leads to the surgical procedure, and not the date of the surgical procedure. The benefit is also not payable if the insured has a material pre-existing condition. 6. Lapse In the event the basic policy ends or when the cash-in value of its units fall to zero or becomes negative or is vested, the rider will lapse. 7. Reinstatement Period If the basic policy lapses because the cash-in value of its units falls to zero or becomes negative, and the rider lapses, reinstatement of both the basic policy and the rider is allowed within 36 months by starting to pay regular premiums for the basic policy again. However, in situations where the cash-in value has become negative, a top-up in addition to the regular premium may be required before the reinstatement of the basic policy and the rider. Satisfactory proof of the insured's good health has to be provided and there is no change in the risks covered by both the basic policy and this rider. DISCLAIMER This product summary does not form a part of the contract of insurance. It is only meant to be a simplified description of the product features which apply to this plan and does not explain the whole contract. The contents of this product summary may be different from the terms of cover eventually issued. Please read the policy contract for the precise terms, conditions and exclusions. Only the terms, conditions and exclusions in the policy contract will be enforceable by the policyholder and Income. Page 3 of 6
Appendix 1 Yearly insurance cover charge rates for Dread Disease Premium Waiver (ILP) based on $1,000 sum at risk Age^ Male Non Smoker Male Smoker Female Non Smoker Female Smoker 0 0.99 0.99 0.76 0.76 1 0.92 0.92 0.69 0.69 2 0.85 0.85 0.63 0.63 3 0.75 0.75 0.59 0.59 4 0.70 0.70 0.55 0.55 5 0.62 0.62 0.50 0.50 6 0.57 0.57 0.46 0.46 7 0.51 0.51 0.42 0.42 8 0.51 0.51 0.42 0.42 9 0.51 0.51 0.42 0.42 10 0.51 0.51 0.42 0.42 11 0.51 0.51 0.42 0.42 12 0.51 0.51 0.42 0.42 13 0.51 0.51 0.42 0.42 14 0.51 0.51 0.42 0.42 15 0.51 0.51 0.45 0.45 16 0.51 0.51 0.47 0.47 17 0.51 0.52 0.51 0.74 18 0.51 0.54 0.57 0.82 19 0.51 0.56 0.59 0.91 20 0.51 0.59 0.63 0.97 21 0.52 0.61 0.63 1.03 22 0.54 0.65 0.66 1.08 23 0.56 0.70 0.68 1.16 24 0.59 0.76 0.70 1.22 25 0.63 0.81 0.74 1.31 26 0.65 0.81 0.74 1.35 27 0.67 0.81 0.78 1.37 28 0.67 0.81 0.80 1.41 29 0.70 0.81 0.82 1.47 30 0.76 0.89 0.89 1.58 31 0.83 0.98 1.08 1.92 32 0.91 1.06 1.29 2.31 Page 4 of 6
33 0.92 1.12 1.52 2.76 34 0.96 1.20 1.79 3.22 35 0.96 1.23 1.79 3.22 36 0.98 1.25 1.79 3.22 37 0.98 1.27 1.80 3.30 38 1.20 1.59 1.99 3.67 39 1.47 2.00 2.19 4.02 40 1.77 2.43 2.34 4.32 41 2.08 2.89 2.52 4.67 42 2.38 3.36 2.75 5.12 43 2.76 3.93 3.12 5.83 44 3.13 4.52 3.56 6.70 45 3.53 5.15 4.02 7.60 46 3.53 5.15 4.02 7.60 47 3.77 5.64 4.02 7.60 48 4.19 6.32 4.13 7.84 49 4.65 7.06 4.15 7.93 50 5.12 7.84 4.17 7.98 51 5.61 8.62 4.19 8.05 52 6.10 9.40 4.20 8.10 53 6.56 10.14 4.41 8.52 54 7.03 10.88 4.77 9.21 55 7.55 11.65 5.20 10.05 56 8.12 12.52 5.66 10.95 57 8.79 13.52 6.08 11.78 58 9.63 14.76 6.42 12.43 59 10.67 16.27 6.67 12.91 60 11.97 18.17 6.88 13.33 61 11.97 18.84 7.13 13.79 62 12.08 21.60 7.46 14.43 63 14.08 24.99 7.95 15.35 64 16.41 28.88 8.60 16.61 65 18.88 32.92 9.43 18.18 66 21.32 36.84 10.43 20.09 67 23.54 40.27 11.58 22.29 Page 5 of 6
68 25.37 42.95 12.91 24.80 69 27.63 46.27 14.78 28.35 70 29.88 49.50 16.87 32.33 71 32.10 53.19 19.04 36.51 72 34.01 56.33 20.82 39.93 73 36.65 60.73 22.66 43.45 74 38.37 66.48 22.66 43.45 75 42.28 73.22 23.24 44.55 76 46.57 80.67 24.90 47.72 77 51.09 88.49 26.51 50.84 78 55.64 96.38 28.12 53.90 79 60.05 104.00 29.65 56.85 80 64.13 111.08 31.14 59.71 81 65.96 114.23 36.93 70.81 82 68.42 118.48 39.29 75.32 83 70.92 122.86 41.75 80.03 84 73.51 127.32 44.30 84.93 ^Age last birthday Page 6 of 6