Pas sive War Risk

1. Passive War Risk • Mandatory selection with the face amount cover • War means:war or war like operations, invasion, act of foreign enemy, hostilities, mutiny, riot, civil commotion, civil war, rebellion, insurrection, conspiracy, military, usurped power, martial law or state of siege • Max. War Risk benefit paid out is 1Mn • War Risk premium = 0.4% per 1000 of face amount • Iraq, Afghanistan, Columbia – Excluded from coverage

2. Waiver of Premium • For STR, passport copy with visa page of spouse is required • Maximum STR cover is 100k • In the event of insured’s death – claim amt + spouse can buy another policy upto the level of STR amt (Med is reqd.) • Maximum STR that can be applied is $200k or upto 50% of husband’s insurance cover whichever is lower

3. Spouse Term Rider • For STR, passport copy with visa page of spouse is required • Maximum STR cover is 100k or upto 50% of husband’s insurance cover whichever is lower • In the event of insured’s death – claim amt + spouse can buy another policy upto the level of STR amt (Med is reqd.) • STR will continue if main insured is disabled and WP starts paying for the policy • CI for Spouse if selected will be issued as Stand alone

4. Critical Care • 32 Dread Diseases • Stand Alone (cannot be canceled for 1st five years) • Level Premium (At Entry Age) • Renewable up to age 75 (guaranteed renewability) • Telemedicine / E-Consultation (Second Medical Opinion) • Payment upon Diagnosis • Waiting Period 120 days • Max CI cover = 5 times annual income • Max of CI, RBP from ALICO = 5 times annual income • Real CI cover which separates the Life Insurance needs – non accelerated

5. Check list of documents required to join the ‘Whole Life’ plan • Application with full details furnished by the client. Signature and name of the sales agent (Witness) and the client to be furnished. • Illustrations print out signed by the client. • Provide valid passport copy with valid visa page of the client • In case of face amount request of above $250,000 or age of client above 55, client needs to go through medical check up. • In case of face amount request of above $500,000, client needs to furnish and sign the confidential financial report (UND52). • In case of face amount request of above $750,000 both the client and the sales agent needs to furnish and sign the financial report (UND52 and UND54)

6. Underwriting Guidelines • Housewife can buy ‘WL’ with max cover upto 200K or upto 50% of husband’s insurance cover whichever is lower • All children should have equal insured coverage; no partiality • Maximum life cover = 10 times annual income • 8th and 9th month of pregnancy – cannot buy insurance • 1st to 7 months of pregnancy – cannot buy any living benefit (CI) • one month after delivery – can buy insurance • 20 cigarettes per day and above is medical and mostly sub std.

7. Basic Medical UND

8. CI Medical UND :

9. Definition: Owner/Holder and Insured • The person who is buying Insurance is made is ‘Proposed Insured’ • The person who pays premium is ‘Owner/Applicant’ • If Insured dies – WL is closed and A/C value paid to Insured’s beneficiary • If Owner dies – WL can be continued by another person (Insurable interest) paying the premiums; or NCSV is paid to Owner’s beneficiary

10. Check list – Application • Full name as in passport (should match with Illustration) • Passport No, Sex, DOB as in passport, Age last Birthday (as in Illustration) • Nationality (as in passport), any other nationality, place of birth, Marital Status • Average Annual Income – last 12 months, Other sources of income • Residence Address with Flat No, Street No, Area, Emirate, Country, Tel • Occupational Status – all the fields, with Office address; PO Box • Applicant/owner name – owner/holder and Insured is different, Rel. to insured • Send correspondence to – • Amt of insurance in words, in USD, Plan Duration, Mode of payment, Modal planned premium (TP + excess) • Riders – WP, CC – mention amt • Multiple Beneficiaries allowed • Fund allocation to be in multiples of 10% ( in line with strategy in illustration)

11. Check list – Application • All details of ‘OTHER INSURED’ to be filled if STR is required • Riders for ‘OTHER INSURED’ is not available as of now • Tick the selected riders as in Illustration, mention amt of coverage, years • Beneficiaries for ‘OTHER INSURED’ to be mentioned • Existing insurance for all ‘OTHER INSURED’ and ‘OWNER’ • Answer YES/NO for all the Questions in Part A and B • In case any of the Questions are YES, then fill the table below • Write Question for which answer is YES, Name of the person for whom the answer is YES (Owner or Insured) • Check the Med. Chart and attach – Med. Exam Sheet • Original to be send to be given to client to submit to ALICO doctor • Second copy to be sent to ALICO • Third copy to be retained in the bank