- Underwriting is subject to the Company’s rules.
- Premium of this rider is entitled to personal income tax deduction according to the Notification of the Director-General of the Revenue Department on Income Tax No. 383.
- Extra Care Rider (N) must be attached to the policies in force.
- Terms of Service of MTL Global Connect are as specified by the Company
Warning: Buyer should have an understanding in the details of coverage and conditions every time before making a decision to purchase insurance.
- Any illnesses which exist within 30 days counting from the effective date or the latest date of renewal of the rider, whichever is the latest; or
- Illnesses due to the following diseases which exist within 120 days counting from the effective date or the latest date of renewal of the rider, whichever is the latest.
1. Tumors, cysts, or all types of malignancy/cancer 2.All types of hernia 3.Tonsillectomy or adenoidectomy 4.Varicose vein 5.Hemorrhoid
6.Pterygium or cataract 7.All types of stone 8. Endometriosis
Policy Renewal on Anniversary Date
This rider may be renewed on the policy’s anniversary date without having to provide evidence but the company reserves the right to adjust the premium as specified in section 14: Premium Adjustment, as approved by the Insurance Commissioner, except in any of the following event, the company shall reserve the right not to renew the rider. If decided not to renew the rider, company must inform the insured in writing at least 30 days before the end of the effective period.
1) In case there is the evidence that the insured omits the disclose any fact in the insurance application form or reinstatement form, health declaration form and other declarations related to the formation of health insurance rider which is material so that the Company may be induced to charge higher premium, or refuse to enter into the insurance contract, or provide the coverage with conditions.
2) The insured makes a claim from the fact that he/she has requested for the treatment for injury or illness without medical necessity.
3) The insured makes total claims from all companies for compensation from hospitalization higher than the actual income.
Premium Adjustment
The company may adjust the premium on policy anniversary date due to many factors such as:
1) Age, career class of each individual.
2) Increased medical fees or overall loss ratio under this rider by notifying the insured in writing at least 30 days in advance.
However, the adjusted premium must be within the amount already approved by the Insurance Commissioner.
Buyer should have an understanding in the details of coverage and conditions every time before making a decision to purchase insurance.
1. What is insurable age and when does the coverage end?
- Insurable age is from 11-75 years old and the coverage period is provided until the age of 81.
2. Does Extra Care Rider (N) need to be attached to a life insurance policy (base contract)?
Yes, this health rider must be attached to a life insurance policy.
3. After I buy it, will it be effective immediately?
- Any illnesses which exist within 30 days counting from the effective date or the latest date of renewal of the rider, whichever is the latest; or
- Illnesses due to the following diseases which exist within 120 days counting from the effective date or the latest date of renewal of the rider, whichever is the latest.
- Tumors, cysts, or all types of malignancy/cancer
- All types of hernia
- Tonsillectomy or adenoidectomy
- Varicose vein
- Hemorrhoid
- Pterygium or cataract
- All types of stone
- Endometriosis
4. Does premium of Extra Care Rider (N) increase based on increasing age range?
Yes, it is based on increasing age range of the insured.
5. What is deductible?
It is the amount of expenses paid by the insured, other welfare or other policies (if any). Extra Care Rider (N) will cover the amount exceeding the deductible amount. The limit is in accordance with a chosen plan.
6. Does Extra Care Rider (N) cover room and board fees, daily hospital fee, and hospitalization in Intensive Care Unit (ICU)?
Yes, it covers up to 15 days. When accumulated with the benefit of daily room and board fees, this shall not exceed 120 days. The Company shall pay 2 times the room and board fees, and daily hospital fee.
7. Is health checkup required when applying for Extra Care Rider (N)?
It is subject to the Company’s rules.
8. Is it entitled to tax deduction?
Yes, it is entitled to personal income tax deduction according to the Notification of the Director-General of the Revenue Department on Income Tax No. 383.