Waiting Period & Exclusions – Dread Disease Benefit

Waiting Periods

“Waiting Periods” means the periods, starting on the Commencement of Insurance, and any increase to the Sum Assured or benefit amount, during which the occurrence of a claim does not result in a benefit under this Addendum becoming payable. For the purpose of this definition “occurrence of a claim” means the earlier of any of the following events:

• The Life Assured is finally diagnosed with the relevant Dread Disease Covered;
• The underlying condition which requires the procedure is finally diagnosed;
• The Life Assured becomes aware that they contracted the relevant Dread Disease Covered;
• The actual occurrence of the relevant Dread Disease Covered.

The Waiting Periods for this Benefit shall be:

• From Commencement of Insurance – 180 days.

Exclusions

OMART will not be obliged to make payment in respect of any illness or bodily injury arising directly or indirectly from or traceable to:

Pre-existing Conditions,Defects, Illnesses, Injuries and Disabilities

• If the Life Assured becomes ill, injured or disabled while the policy is in force due to any condition, physical defect, illness, bodily injury or disability which the Life Assured was aware of and/or received medical advice or treatment during the 24 months prior to the commencement date, or date of any reinstatement, or increase in cover, no claim will be paid and all premiums paid will be forfeited.

NB: Kindly refer to your policy document for the detailed waiting periods,exclusions, terms and conditions relating to the Bond Protection Endurance Policy.