If the Life Insured is diagnosed with any of the following Dread Diseases by a Physician before the Policy Anniversary on or immediately following the Life Insured's 75^th birthday and within the Benefit Term of the Basic Plan, a cash payment² which is equal to the Sum Assured of Best Care Dread Disease 30, less Indebtedness (if any) will be paid in advance from the Sum Assured of the Basic Plan. The Sum Assured of the Basic Plan will be reduced after the Dread Disease Benefit is paid while the premium shall be proportionally reduced.

Dread Diseases include:

1. The Benefit shall terminate automatically: (1) if and when the Benefit expires; or (2) if and when the Basic Plan to which the Benefit is attached terminates; or (3) if and when a premium remains unpaid at the end of Grace Period as specified in the General Provisions; or (4) if the Sum Assured under the Benefit has been fully paid; or (5) on the Policy Anniversary on or immediately following the Life Insured's 75^th birthday. Hong Kong Life reserves the right to cancel the Benefit at any time by giving 30 days' notice in writing to the Policyowner.
2. In the event of the Life Insured's survival for 30 days following the Diagnosis by a Physician as suffering from above Dread Disease(s), a cash payment will be paid.
3. Protection will be valid before the Life Insured aged 60.

The Benefit shall not cover any claims caused directly, or indirectly, wholly or partly, by any one of the following occurrences:

1. the symptoms of Dread Disease first occurred prior to the Issue Date of the Benefit, or within 90 days following the Issue Date, date of endorsement or the date of any reinstatement of the Benefit, whichever is later;
2. Acquired Immunodeficiency Syndrome (AIDS), AIDS related complex or infection by Human Immunodeficiency Virus (HIV), other than those acquired through blood transfusion;
3. suicide or self-inflicted injuries while sane or insane;
4. war whether declared or undeclared or any act thereof, invasion, civil commotion, riots or any warlike operations;
5. service in the armed forces in time of declared or undeclared war or while under orders for warlike operations or restoration of public order;
6. violation or attempted violation of the law or resisting arrest or participation in any brawl or affray;
7. engaging in or taking part in (a) driving or riding in any kind of race; (b) professional sports; (c) underwater activities involving the use of breathing apparatus; (d) flying or other aerial activity except as a fare-paying passenger in a commercial aircraft;
8. intoxication by alcohol, narcotics or drugs.

Risk

Exchange Rate Risk

If the Policy Value and premium of the Plan are calculated in USD, all benefit amount will be presented in USD. If the benefit amount is received in terms of HKD, it is subject to the exchange rate between USD and HKD as determined by Hong Kong Life at the time of payment. Due to the potential fluctuation of the exchange rate, if USD depreciates substantially against HKD, the benefit value (calculated in HKD) of the Policy may be substantially decreased; if USD appreciates substantially against HKD, the premium (calculated in HKD) of the Policy may be substantially increased.

Credit Risk of Issuer

The Plan is issued and underwritten by Hong Kong Life. Your Policy is subject to the credit risk of Hong Kong Life. In the worst case, you may lose all the premium paid and benefit amount.

Inflation Risk

When reviewing the values shown in the Insurance Proposal, please note that the cost of living in the future is likely to be higher than it is today due to inflation.