What is this product about?

• This is a regular annual premium, non-participating endowment product with a term duration of a minimum of 10 to a maximum of 35 years.
• It allows you to choose terms based on your age, affordability and financial goals.
• The primary objective of this product is to allow you to save a lump sum of money over a period of years to meet your long-term financial goals.
• It also helps you protect your family and your loved ones’ financial well-being should something unfortunate happen before the product reaches its maturity date.

What are the covers / benefits provided?

This product covers:

• Death or Total and Permanent Disablement due to All Causes – In the event of Death or Total and Permanent Disablement due to All Causes, the Guaranteed Sum Assured as stated in the policy shall be payable.
• Death or Total Permanent Disablement due to Accident – In the event of Death or Total Permanent Disablement due to Accident, instead of Death or Total and Permanent Disablement due to All Causes, the Guaranteed Sum Assured under the Death or Total Permanent Disablement due to Accident as stated in the Policy Schedule, which is equivalent to 200% of the Death or Total and Permanent Disablement due to All Causes, shall be payable.
• Total and Permanent Disablement (TPD) – is payable if you are age 18 and above, and as a result of illness or injury first occurring during the coverage period, there is permanent and irrecoverable loss of two or more limbs (arms, legs and eye count as limbs); or, if you are permanently unable to engage in any occupation or from performing any work for remuneration or profit for at least 180 days.

How much premium do I pay?

• It all depends on how much you can afford. We suggested that you set aside up to 10% of your income for premiums for protection and fund accumulation. For example, if you set aside USD 50 per month for life insurance premiums over 20 years, the Guaranteed Maturity Benefit is USD 12,000. In addition, the Guaranteed Special Benefit is USD 4,800. The total payout at the end of 20 years’ maturity point is USD 16,800. The total Sum Assured for Death and TPD cover is always maintained at USD 12,000 for the entire duration of the 20-year period provided premium is paid consistently without any interruption.
• The minimum basic premium per year is USD 240.
• Additional premiums may be charged due to the Life Assured’s adverse health status, hazardous occupation and dangerous outdoor sport activity.
• The premium payment terms and the coverage period is the same.
• Grace period: you are given 30 days’ grace after each premium due date to pay your premium.
• It is important that you receive and keep receipt(s) as proof of payment of premiums.
• Cash value – Cash value is available from the 3^rd year onwards should the Policyowner surrender the policy for whatsoever reason.
• Guaranteed Maturity Benefit– The Guaranteed Maturity Benefit, which is equivalent to the Guaranteed Sum Assured, shall be payable at the end of the policy term.
• Guaranteed Special Benefit – This is a special one-off Guaranteed Special Benefit payable at the end of the policy term. This is to enhance the potential return of the policy at the end of its contract period. In addition, it rewards the Policyowner’s loyalty for keeping the policy for the duration of the contract.

What are the major exclusions under this product?

Death due to All Causes

• If the life assured, whether sane or insane, commits suicide within twenty-four (24) months from the Issue date or the Reinstatement date, whichever is later, this policy shall become void and we shall return the premium after deducting any amount due to us under this policy.
• No Benefits are payable if death resulted from committing or attempting to commit a criminal offence

Total Permanent Disablement (TPD)

• There are circumstances where TPD is not covered, for example:

1. Any attempt at suicide, whether sane or insane, or any intentional self-inflicted injuries;
2. Commission of a criminal act;
3. Under the influence of intoxicating liquor or as a result of drug or substance abuse;
4. Acquired Immune Deficiency Syndrome (AIDS) or any complications associated with infection by the Human Immunodeficiency Virus (HIV)

Death due to Accident

• You will not be covered for Death due to Accident if it is due to an excluded event, for example:

1. Self-destruction or any attempt thereat or self-inflicted injuries while sane or insane;
2. Intoxication by alcohol or drugs/narcotics
3. Violation or attempted violation of the law or resistance to arrest;
4. Racing of any kind except on foot.

What are the fees, charges and taxes I have to pay?

• All fees, charges and taxes are computed into the policy’s life insurance premium. There is no additional payment required from the policyowner.

What are some of the key terms and conditions that I should be aware of?

• Importance of disclosure – You must disclose all material facts such as medical conditions and stage your age correctly.
• Free-look period – You may cancel the policy by returning the policy within fifteen (15) days from the date of delivery of the policy if the coverage does not meet your original intended purpose. The premium paid (minus any medical fee incurred) will be refunded.
• The policy does not have any cash value on cancellation for the first 2 years.
• If you cancel your policy in the early years, you get back less than the amount paid in.
• You should be completely satisfied that this product will best serve your needs and that the premium payable is an amount you can afford for the duration of the contract.
• Please read the sales illustration provided by the insurance sales consultant for a better understanding of the product.
• All proposals are subject to underwriting approval.

Can I cancel my policy?

• You may cancel the policy by giving written notice to Forte Life Assurance (Cambodia) Plc. However, life insurance is a long-term financial commitment for the benefit of your family members. It is therefore advisable to consider your options carefully before cancelling the policy.

What do I do if there are changes to my contact details?

Please contact Forte Life Assurance (Cambodia) Plc if there are any changes to your contact details, especially your handphone details and email to ensure all correspondence reaches you on time.

• Notification to Forte Life within 30 days in the event of loss
• Submitted required claim document within 90 days
• Claims will be processed and settled within 10 working days after summit all complete documents
• For more information, please contact our claim department at Claim Department at 081 885 399 or sopheak@fortelifeassurance.com