JUVENILE PROVISIONS

Ownership

This Juvenile Policy for the benefit of the Insured and subject to the following terms and
conditions:

a) All benefits or proceeds payable under this Policy shall belong to the Insured or his
Estate who shall constitute the irrevocable Beneficiary of this Policy and shall be paid
through the Policyholder while the Insured is under 18 years of age.
b) You are the Original Policyholder” of this Policy. The “Insured” and “Contingent
Policyholder” are named in the application for this Policy.
c) Until the Insured attains 18 years of age, you shall have the right, subject to Clause (d)
below, to exercise every option, benefit or privilege under this Policy in your capacity as
Original Policyholder with the best interest of the Insured in mind. In the event of your
death before the Insured attains 18 years of age, such right shall vest in the contingent
Policyholder. Every transaction relating to this policy before the Insured attains 18 years
of age shall be between us and the Policyholder and shall be valid without notice to our
consent of the Insured.
All your rights and interest and of the Contingent Policyholder in the Policy shall cease
when the Insured shall have attained 18 years of age. By then, only the Insured as new
Policyholder of this Policy can exercise all rights, entitlement and options provided under
this Policy.
d) Neither you nor the contingent Policyholder may assign this Policy except in our favor as
a security for any loan obtained under this Policy nor change the Beneficiary at any time.
When Insured shall have attained 18 years of age, the insured, as the new Policyholder,
may change ownership of this Policy and/or appoint or change a Beneficiary/ Appointee
by filing a written notice to us. Such change is valid only if recorded by us during the
Insured’s lifetime and endorsed on this Policy.

If the Beneficiary dies before the insured, the payable benefits will be made to the surviving
Beneficiary. If no nomination has been made, or all Beneficiaries die before the Insured, the
payable benefits will be made to legal heir or legal representative of the Policyholder.

In the event of death of the Insured whilst the Beneficiary is a minor, the money secured by the
Policy shall be received by the Appointee last names according to our records.

The Insured, as the new Policyholder may also assign this Policy by filing a written notice
satisfactory to us. Unless the original or duplicate copy of the assignment is also filed with us,
we are not deemed notified of such assignment.

We assume no responsibility for the validity or sufficiency of the nomination of the Beneficiary or
appointment of the Appointee or assignment.

Limitation of Benefits
The amount of death benefit payable under the Basic Policy and any supplementary contract
attached to it proving any death benefit shall be in accordance with the following schedule:

Insured’s age at death Percentage of Death Benefit *

Less than 1 year 20%
Less than 2 years 40%
Less than 3 years 60%
Less 4 years 80%
From 4 years upward 100%
*For the purpose of this schedule, the Death Benefit shall include the Face Amount, and if
applicable Sum Assured of the relevant Supplementary Contract of the Policy which are payable
in the event of death of the insured.

PREMIUM PROVISIONS

Payment

All premiums payments are to be paid on or before their due dates either at our issuing office or
to our authorized Officer or Cashier. All amounts payable shall be paid in the currency stated in
the Policy Information Page.

Change

Premiums may be paid on an annual, semi-annual, quarterly or monthly basis at the specific
rates appropriate on the Issue Date. Frequency of payment may be changed upon written
request.

Premium payable monthly shall be paid auto-deduction through a bank, unless we agree
otherwise in writing. If such arrangement ceases for whatever reason, the Company will stop
accepting monthly interval of premium payment and the policy will be automatically converted to
quarterly mode. Any outstanding balance of the quarterly premium will become due immediately
for payment.

Default

Default premiums payments occur if there is a failure to pay subsequent premium on or before
its due date after the first premium payment

Grace Period

In cases of default in premium payment, a Grace Period of thirty-one days from the due date
shall be given for each subsequent payment. Nonetheless, the Policy shall remain in force. After
the Grace Period and the premiums remain unpaid, the Policy shall lapse and have no further
value except as may be provided under the NON-FORFEITURE PROVISIONS.

Deduction of Premium at Death

If this Policy becomes a claim by death of the Insured, any balance of the premiums due for the
full policy year in which death occurs shall be deducted from the proceeds payable under the
Policy.

Reinstatement

If a premium is in default beyond the Grace Period and subject to the Policy not having been
surrendered, it may be reinstated, at our absolute discretion, within five years after the due date
of the premium in default subject to:

i. Your written application for reinstatement;

ii. Production of Insured’s current health certificate and other evidence of insurability
satisfactory to us;
iii. Payment of all overdue premiums with interest; and
iv. Repayment or reinstatement of any Indebtedness outstanding at the due date of the
premium in default plus interest.

Interest on premiums and Indebtedness will be composed at an annual rate which we shall
determine.

We will require evidence of insurability before reinstating any Supplementary Contract. Any
reinstatement shall only cover loss or insured event which occurs after the reinstatement or
Commencement Date.

LOAN PROVISIONS

Policy Loan

While this Policy is in force and provided that it has a Cash Value except in the case of Reduces
Paid-up Insurance, you may apply for a policy loan for such an amount within the Cash Value
and subject to such terms and conditions as the Company may fix from time to time. Your Policy
must be assigned to us.

We reserve the right to determine the loan amount to be granted, and to deter the granting of a
policy loan for a period not exceeding six months from date of request.

Loan Interest

Daily Interest shall accrue on policy loan at a rate which we shall determine. Interest shall be
payable on each Policy Anniversary after the loan date and until the loan is repaid. Any unpaid
interest shall be added to the principal loan and bear inters at the same rate. At anytime while
this Policy is in force, you may repay the principal and accrued interest, or any part of the loan.

When the loan with accrued interest together with any Indebtedness exceeds the Cash Value,
the policy will become void.

Deduction From Proceeds

The unpaid loan or any Indebtedness on this Policy will be deducted from any payment of
proceeds under this Policy at the time of settlement. Our claim for any Indebtedness will have
priority over the claim of any creditor, assignee or any other interested party.

DIVIDEND PROVISIONS

Annual Dividend

This Policy will participate from the 6th Policy Anniversary onwards in our divisible surplus in the
form of dividends which we will determine and declare annually. The share of divisible surplus, if
any, will then be credited to this Policy on the relevant Policy Anniversary.

You may deposit the dividend with the Company at such rate which shall be determined at our
sole discretion from time to time

NON-FORFEITURE PROVISIONS

Elective non-forfeiture provisions

If you fail to pay the premium within the Grace Period after this Policy has acquired a Cash
Value, you may elect one of the following non-forfeiture options by writing to us within 90 days
after the due date of the premium in default;

Option 1 – Cash Value - To surrender this Policy for its Cash value. Such Cash Value is equal
to the surrender value of the Basic Policy plus the surrender values of any Paid-Up Additions
and vested Reversionary Bonus (if any), and the amount of any Dividend Accumulations, less
any Indebtedness.

Option 2 – Reduced Paid-Up Insurance - To continue this Policy in force as a non-participating

paid-up insurance for a reduced Face Amount. The reduced Face Amount shall be such a sum
as shall bear the same ratio to the full Face Amount as the number of premiums actually paid
shall bear to the total number originally payable as stipulated for in the Policy.

Automatic Non-forfeiture Provisions

Of premium is not paid within the Grace Period, and no non-forfeiture option has been elected,
we will advance the premium due as an automatic loan so long as the Cash Value is equal to or
greater than the premium in default plus any Indebtedness. We will continue to extend an
automatic premium loan at subsequent due dates provided the Cash Value is sufficient.