If the Life Insured becomes totally and permanently disabled due to injury or sickness and loses his/ her working ability before age 60 for 6 consecutive months or above, premiums payable of the Waiver of Premium (the "Waiver of Premium") and Basic Plan will be waived within the period of disability. The premium will remain unchanged throughout the Premium Payment Term.

During the continuance of Total and Permanent Disability,

1. no change in the Basic Plan or the mode of payment of premiums may be made; and
2. subject to the then applicable rules of Hong Kong Life, any Supplementary Benefits attached to the Basic Plan shall terminate automatically.

If the Waiver of Premium is attached to a renewable term insurance, the premium shall be adjusted on each renewal date. Renewal premium is not guaranteed and will be calculated according to the Life Insured's attained age and the premium rates upon renewal.

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

1. any Total and Permanent Disability as a result of any pre-existing condition or illness the symptoms of which first occurred prior to the Issue Date, date of endorsement or date of any reinstatement of the Waiver of Premium, whichever is later; (only applicable if the Waiver of Premium is attached to Monthly Income Protection Plan and Wealth for U Savings Protection Plan)
2. self-inflicted injuries while sane or insane;
3. war whether declared or undeclared or any act thereof, invasion, civil commotion, riots or any warlike operations;
4. service in the armed forces in time of declared or undeclared war or while under orders for warlike operations or restoration of public order;
5. violation or attempted violation of the law or resisting arrest or participation in any brawl or affray;
6. 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; (only applicable if the Waiver of Premium is attached to Monthly Income Protection Plan and Wealth for U Savings Protection Plan)
7. childbirth, pregnancy, miscarriage or abortion.

• Supplementary Benefit

Risk

Exchange Rate Risk

You are subject to exchange rate risks for the Policy denominated in currencies other than the local currency. Exchange rates fluctuate from time to time. You may suffer a loss of your benefit values and the subsequent premium payments (if any) may be higher than your initial premium payment as a result of exchange rate fluctuations.

Credit Risk of Issuer

The life insurance product is issued and underwritten by Hong Kong Life. The premium to be paid by you would become part of the assets of Hong Kong Life and that you and your Policy are 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.

Important Policy Provisions

Automatic Termination

The Waiver of Premium shall terminate automatically:

1. if and when the Waiver of Premium expires; or
2. if and when the Basic Plan to which the Waiver of Premium 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. on the Policy Anniversary on or immediately following the Life Insured's sixtieth (60^th) birthday; or
5. on the occurrence of any claim under the Waiver of Premium which Hong Kong Life has admitted as payable.

Others

Cooling-off Period

If you are not satisfied with your Policy, you have a right to cancel it within the cooling-off period and obtain a refund of any premium(s) and levy(ies) paid (in the original payment currency) to Hong Kong Life without any interest. A written notice signed by you should be received directly by Hong Kong Life Insurance Limited at 15/F Cosco Tower, 183 Queen's Road Central, Hong Kong within the cooling-off period (that is, the period of 21 calendar days immediately following either the day of delivery of the Policy or the Cooling-off Notice to you or your nominated representative (whichever is the earlier)). After the expiration of the cooling-off period, if you cancel the Policy before the end of the term, the projected Total Surrender Value (if applicable) may be less than the Total Premiums Paid.

Dispute on Selling Process and Product

Chong Hing Bank Limited, CMB Wing Lung Bank Limited, OCBC Bank (Hong Kong) Limited and Shanghai Commercial Bank Limited (collectively "Appointed Licensed Insurance Agencies" and each individually "Appointed Licensed Insurance Agency") are the Appointed Licensed Insurance Agency of Hong Kong Life, and the life insurance product is a product of Hong Kong Life but not the Appointed Licensed Insurance Agency. In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between the Appointed Licensed Insurance Agency and the customer out of the selling process or processing of the related transaction, Appointed Licensed Insurance Agency is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the contractual terms of the life insurance product should be resolved between Hong Kong Life and the customer directly.