1. We reserve the right to require survival proof of the insured for each policy year. We must receive survival proof in satisfactory written notice (in the form and manner specified by us) within 45 days upon our request, subject to the administrative rules of the Company in force from time to time. If we do not receive satisfactory survival proof within such timeframe, we shall have the right to suspend all subsequent Monthly Guaranteed Annuity Payments unless and until we receive, and at our absolute discretion to accept other satisfactory survival proof produced at the expenses of the insured or the policyholder. If the insured dies while payment of Monthly Guaranteed Annuity Payment is being suspended, any suspended Monthly Guaranteed Annuity Payment will be payable as part of death proceeds upon receipt of due proof.
2. In the event that the policy is issued after the 1^st policy monthiversary, any Monthly Guaranteed Annuity Payment(s) that would have been paid on the policy monthiversary(ies) prior to policy issuance, will accrue (without interest) and be paid to the policy within a reasonable time after the policy is issued (subject to the administrative rules of the Company), based on the annuity payment option selected by you.
3. Should the total single premiums for all your JoyAhead policies are less than or equal to HKD 3 million, there is no medical underwriting. Any application for JoyAhead is subject to approval of the Company.
4. After the waiting period of 3 years, we will pay the Dementia Companion Benefit if the insured is first diagnosed as suffering from Severe Dementias and before the policy anniversary on or immediately following the insured’s 80th birthday (whichever is earlier). The amount of which is equivalent to 100% of the Monthly Guaranteed Annuity Payment as at the time when this benefit becomes payable. This benefit will be payable starting from the next policy monthiversary after the date of first diagnosis and lasts for 10 years or until the policy terminates (whichever is earlier). For details of Dementia Companion Benefit, including any circumstances not covered by this benefit, please refer to the product brochure and policy contract.
5. Starting from the end of the 3^rd policy year, a terminal dividend may be payable upon policy surrender or the death of the insured. The terminal dividend is not guaranteed and may be reduced or increased by the Company from time to time.
6. The notional amount is used for the calculation of premium and relevant policy values of this plan; it is not equivalent to the death benefit of the insured and is only one of the factors in determining the death benefit payable. If you have changed the notional amount, the amount of Monthly Guaranteed Annuity Payment and corresponding Dementia Companion Benefit (if applicable) amount will be adjusted accordingly.

Information on this webpage is for reference only, and not intended to be a complete description of the applicable terms and conditions. Please refer to the product brochure and policy contract for detailed terms and conditions. You should not purchase a policy based on the information on this website alone.