Generations II

1. A Terminal Illness means the insured is diagnosed as suffering from a condition that, in the opinion of the attending Registered Medical Practitioner and our medical officer is highly likely to result in death within 12 months from the date of such diagnosis.
2. Accidental Coma means a state of unconsciousness, which resulted from an accident, with no reaction to external stimuli or internal needs persisting continuously with the use of life support systems for a period of at least one week and resulting in neurological deficit, which in our medical officer’s opinion is of a permanent nature. 
3. The Reversionary Bonus and Terminal Bonus are non-guaranteed and are determined in accordance with the rules set out by Sun Life Hong Kong Limited (“Sun Life HK”) from time to time. The Reversionary Bonus and Terminal Bonus may vary based on the performance of a number of experience factors, with the investment return normally being the main determinant. Other factors include, but are not limited to, claim experience, policy expenses, taxes, and policy owner termination experience. And the cash value of Reversionary Bonus and Terminal Bonus might not be equal to their own face value.
4. It is only appliable if (a) the policy owner and the insured must be the same person at the time you apply for the designation of Mental Incapacity Benefit Recipient; (b) the proposed Mental Incapacity Benefit Recipient must be age of 18 or above;  (c) satisfactory evidence of the proposed Mental Incapacity Benefit Recipient according to our then current administrative rules; and (d) the irrevocable beneficiary(ies) (if any) and the assignee (if any)  must agree in writing to the requested designation of (i) the Mental Incapacity Benefit Recipient and (ii) the Mental Incapacity Benefit Percentage.
   And it will be automatically revoked when (a) you designate a new Mental Incapacity Benefit Recipient and it is approved by Sun Life HK; (b)any change of policy owner of the policy; (c) Sun Life HK has been notified that there is a guardian or committee appointed under the Mental Health Ordinance (Cap.136 Laws of Hong Kong SAR) (or if there is a guardian or committee appointed under similar laws in another jurisdiction); or (d) Sun Life HK has been notified that the Policy Owner has an enduring power of attorney covering the policy.
   In the event that there is a dispute between the Mental Incapacity Benefit Recipient and any other person, including but not limited to the insured’s guardian or committee, attorney, or beneficiary(ies), or assignee, or in our our reasonable belief that that there is such a dispute, Sun Life HK reserves the right to withhold the payment of Mental Incapacity Benefit until such dispute is resolved.
5. The Death Benefit Settlement Option may be exercised subject to a minimum amount of Death Benefit and the then current administrative rules determined by Sun Life HK from time to time. 
6. The Worldwide Emergency Assistance Benefit is provided by a third-party service provider. This benefit is not guaranteed to be renewable. Please refer to a sample endorsement, which will be provided upon request, for details including definitions, full terms and conditions, and exclusions.
7. Once the Accelerated Benefit is claimed, the Sum Assured, Guaranteed Cash Value, any face value and cash value of the accumulated Reversionary Bonus, any face value and cash value of Terminal Bonus, future declaration of Reversionary Bonus and Terminal Bonus, and any future premiums due will be reduced on a pro rata basis based on the amount of the Accelerated Benefit. If Sun Life HK has paid out the Accelerated Benefit, the Death Benefit will be paid based on the reduced Sum Assured if the insured passes away.
8. If you are eligible to make a claim against both the Accelerated Benefit and Mental Incapacity Benefit due to the same illness, we will pay the approved claim under the Accelerated Benefit first. The Sum Assured will be reduced proportionally based on the amount we paid under the Accelerated Benefit. Any claims under the Mental Incapacity Benefit will be paid from the reduced Sum Assured.
9. It is only applicable if (a) the policy owner and the insured must be the same person at the time you apply for the designation of Designated Benefit Recipient; (b) the proposed Designated Benefit Recipient and proposed Mental Incapacity Benefit Recipient must be the same person; (c) satisfactory evidence of the proposed Designated Benefit Recipient according to our then current administrative rules; and (d) the irrevocable beneficiary(ies) (if any) and the assignee (if any) must agree in writing to the requested designation of the Designated Benefit Recipient.

The PRMP is operated by HKMC Insurance Limited (“HKMCI”), a wholly-owned subsidiary of HKMC, for people who are aged 55 or above to apply for policy reverse mortgage loans. The PRMP provides you a stable income to improve the quality of retirement life.

For more PRMP details, please refer to HKMC website: www.hkmc.com.hk  or download PRMP leaflet.