PDF Document
PDF Document
PDF Document
PARAMOUNT LIFE & GENERAL INSURANCE CORPORATION APPLICATION FOR LIFE INSURANCE
14th Floor Sage House, 110 V.A. Rufino Street,
Legaspi Village, Makati City 1229 Philippines
Telephone +632 8772 9200 Fax +632 8772 9293
www.paramount.com.ph APPLICATION / POLICY NO.
Very Important Reminders: Please answer each question fully and truthfully. Only applications with complete answers to all questions will be processed. Any erasures
on this page and on the reverse should be countersigned by the Proposed Insured & Applicant Owner; otherwise, it may invalidate this application.
PERSONAL INFORMATION ON THE PROPOSED INSURED (PI) PERSONAL INFORMATION ON THE OWNER (If other than the PI)
1. FIRST NAME MIDDLE NAME LAST NAME 24. FIRST NAME MIDDLE NAME LAST NAME
64. Is the policy applied for intended to replace any existing policy with Paramount Life or any other company? Yes No (If yes, please accomplish a
Replacement Notification Form.)
REMINDER: It is usually disadvantageous to REPLACE existing life insurance policy(ies) with a new one. Some disadvantages are: ¨ You may not be insurable on standard
terms. ¨ You may have to pay a higher premium in view of higher age. ¨ You may lose financial benefits accumulated over the years. Please note that in your own interest,
we would advise that you consult your present insurer before making a final decision. Hear from both sides and make a careful comparison. You can then be sure that
you are making a decision that is in your best interest.
65. Home Office Endorsement and/or Additional or Explanatory Remarks / Details of Answers to Questions & Items
Indicate below if any parents, brothers, sisters or children suffered from: diabetes (Indicate if type 1 or 2), stroke, tuberculosis, cancer, high blood pressure,
heart or kidney disease, sickle cell disease, mental illness, suicide or attempted suicide, paralysis, blindness, organ transplant or any disease or illness.
66. ProPosed living deceased
insUred's family Previous & present illnesses / age at current Previous illnesses / age at age at
history state of health onset age cause of death onset death
father
mother
Brothers & sisters
children
67. aPPlicant living deceased
owner's family Previous & present illnesses / age at current Previous illnesses / age at age at
history state of health onset age cause of death onset death
father
mother
Brothers & sisters
children
69. any change in weight within
68. Present height and weight twelve months 70. reason for change in weight
Signature Over Printed Name Signature Over Printed Name Signature Over Printed Name
Place thumbmark if unable Place thumbmark if unable Place thumbmark if unable
of Agent/s or LPP/s to sign of Proposed Insured to sign of Applicant Owner to sign
Special Instructions / Additional or Explanatory Remarks / Details of Answers to Questions & Items on this Application / Additional
Home Office Endorsement.
This is to confirm that my Paramount Life agent has shown me the Proposal for the Plan I accepted to apply for, which includes, if applicable, cash values, projected dividends, scheduled
premium payments & benefits. I further attest everything about the product has been explained to me clearly, and I understand & agree that:
- Cash Values stated on the policy (if applicable) are guaranteed based on schedule.
- Dividends, interest rates, interest on premiums paid in advance (if applicable) are not guaranteed.
- Because I found the proposed insurance plan beneficial to me &/or to my interests, I have signed the application form willingly.
- In the event that I resign/retire from my current work where my insurance is under the Salary Deduction arrangement, I shall request Paramount Life to have my premium payment shifted
from Salary Deduction to an available regular method of payment.
- Paramount Life may send me the policy contract/ premium notices/ statements (if issued), letters & other correspondences, if any & applicable, regarding my insurance application/policy in
electronic form through the email address indicated in this Application or Amendment to this Application, if any, via email, or SMS or MMS or any other form of social media, in lieu of hard
copy, and its security & confidentiality shall be my sole responsibility as Applicant/Policy Owner; In the event of security breach, Paramount Life, its owners, board members, investors,
officers, employees & agents shall be held free and harmless from any and all loss, damage & liability; Electronic premium notices, statements, letters, & other correspondences for my other
previously existing insurance policies with Paramount Life may also be emailed to me thru this same email address as my latest email address, in lieu of hard copy. In case of my failure to
receive & access the electronic premium notices &/or statements, I will not be excused from timely payment of my premium dues. I will immediately inform Paramount Life of any change in
my email address or non-receipt of electronic premium notices &/or statements on time. Paramount Life reserves the right to revert to paper contract, premium notices, statements, letters
& other correspondences if the Epolicy/Electronic Policy System is not available or for any other reason at anytime without disclosing the reason for such action.
- Paramount Life may send me the policy benefits &/or refund of my deposit or premium payment, if any & applicable, via electronic fund transfer / online bank transfer to my bank account
specified on this Application or Amendment to this Application, if any.
Signature Over Printed Name Signature Over Printed Name Signature Over Printed Name
Place thumbmark if unable Place thumbmark if unable Place thumbmark if unable
of Agent/s or LPP/s to sign of Proposed Insured to sign of Applicant Owner to sign
ln accordance with the lnsurance Commission’s Circular Letter No. 2016-54 your medical information will be uploaded to a Medical lnformation Database
accessible to life insurance companies for the purpose of enhancing risk assessment and preventing fraud.
Once uploaded, all life insurance companies will only have limited access to your information in order to protect your right to privacy in accordance with law.
A copy of Circular Letter 2016-54 may be accessed at the lnsurance Commission’s website at www.insurance.gov.ph
DATA PRIVACY ACT CONSENT STATEMENTS WITH AUTHORIZATION FOR ACCESS TO INFORMATION
I hereby consent to the processing of the personal data stated above whether manually or via electronic channels, including but not limited to the collection,
usage, storage, customer/client profiling, and disclosure to third parties, by Paramount Life & General Insurance Corporation (hereafter, “PLGIC”), its subsidiaries,
affiliates, directors, officers, employees, and agents (a) to verify and/or confirm any or all the information provided or representation made, (b) to provide, facilitate,
monitor, improve the quality of, or otherwise service my account and such products, services, and facilities and/or channels availed by me or may be offered
by PLGIC, (c) for marketing purposes, and (d) to comply with legal, regulatory or other obligations of PLGIC under applicable local or foreign laws, rules and
regulations.
I likewise consent to the processing of the personal data stated above whether manually or via electronic channels, including but not limited to the collection,
usage, storage, and customer/client profiling, by authorized third parties for the foregoing purposes.
Such processing may be conducted for the duration of my availment of PLGIC’s products, services, facilities and/or channels. I further consent that the personal
data stated above shall be retained by PLGIC for an additional period of at least five (5) years, or for a longer period if the personal data is related to or required to
be preserved for litigation or to comply with legal or regulatory requirement. I likewise consent to the correction, amendment, deletion and/or disposal by PLGIC,
its subsidiaries, affiliates, directors, officers, employees, agents, and authorized third parties, of my personal data which may be inaccurate or incorrect.
I attest that I have been made aware of and understood my rights as data subject and how these can be exercised, and that I was informed of the nature, extent and
processing of the personal data I provided. I understand and agree that the consent hereby given may be revoked or withdrawn through formal written notice to PLGIC.
I authorize PLGIC, its subsidiaries, affiliates, directors, officers, employees, agents, and authorized third parties to obtain such other information they may deem
necessary to verify or confirm the personal data declared or the documents furnished in relation to this application, and that I agree that such documents may
remain in the possession of PLGIC whether or not this application is granted, for the purposes above mentioned.
Finally, I hereby authorize and request you, any person, organization or entity that has any record or knowledge of my health and/or that of,
_______________________________ to give to PARAMOUNT LIFE & GENERAL INSURANCE CORPORATION any and all information that they may desire
and which is relative to any consultation, treatment or any other medical advice or examination I/we had. A photocopy (or similar copy) of this authorization shall
be as valid as the original. The request for information is in connection with my application for life insurance.
Signature Over Printed Name Signature Over Printed Name Signature Over Printed Name
Place thumbmark if unable Place thumbmark if unable Place thumbmark if unable
of Agent/s or LPP/s to sign of Proposed Insured to sign of Applicant Owner to sign
CCC No.
This Certificate is issued to the proposed insured and/or Owner as an acknowledgement to the premium deposit made with Paramount Life on the Application for Life
Insurance bearing the same serial number as this Certificate. The proposed insured and/or Owner (when applicable) shall be deemed covered with life insurance
subject to the following conditions:
1. Effectivity of insurance shall be the latest of :
1.1. date of Application (Part I); or,
1.2. date of latest full medical examination, if any.
2. Coverage shall be the amount of basic life insurance and any special benefit/s applied for in said Application. However, inclusive of other existing coverages of
the Proposed Insured (and/or Owner, when applicable) on inforce policies issued by the Paramount Life, such amount shall not be more than;
2.1. P 2,000,000 of life insurance for peso policies or its dollar equivalent for dollar policies; and,
2.2. P 2,000,000 accident benefit/s for peso policies or its dollar equivalent.
Insurance amounts denominated in a currency other than the Philippine Peso shall be converted using the applicable exchange rate prevailing at the time of the
proposed Insured’s death.
When any of these limits is exceeded, Paramount Life shall only be liable up to the limit applicable under this Certificate. That part of the payment corresponding
to the excess coverage applied for shall be refunded. The full amount applied for can only be effective upon approval of the Application by Paramount Life and
payment of the additional premium required, if any, while Proposed Insured/Owner is/are in good health, subject to these limits.
3. The coverage provided by this Certificate shall, in all other respects, be governed by the provisions of the policy applied for.
4. The premium deposit herein acknowledged must be paid to Paramount Life’s Agent / LPP when the Application is completed, dated and signed.
5. On payment of the required premium deposit, this Certificate must be dated and signed by the Agent / LPP at the back portion hereof.
6. The premium deposit shall be in cash or check. If paid by check or other forms of remittance, it will only be valid when honored upon first presentation for
payment.
(Please accomplish continuation at the back.)
7. The premium deposit must not be less than a full modal premium for the basic life insurance and any special benefit/s applied for in accordance with Paramount
Life’s Home Office computation. If the premium deposit is more than such a modal premium, the excess shall be applied to the next premium due; otherwise it
shall be kept on credit subject to the Owner’s direction.
8. If required by Paramount Life, medical requirement or requirements must be completed within 90 days from the application date.
9. This Certificate shall in no case be altered or erased, assigned or transferred.
10. On the effective date of the insurance under this Certificate, the Proposed Insured (and/or Owner, if Payor’s benefit is applicable), must be in good health and
a Medically Standard Risk under Paramount Life’s underwriting rules for the plan and amount of basic life insurance and for the type and amount of any special
benefit/s applied for.
11. If any of the above conditions is not met, no insurance shall, at any time, be effective. The premium deposit shall be refunded to the Owner of the Certificate or
applicable to any modified policy which Paramount Life may issue under the Application and acceptable to the Owner.
12. When effective, the insurance under this Certificate can only be in force not later than ninety (90) days from the date of this Certificate.
I confirm acceptance of this Certificate and certify that I have read and understood its entire contents, as well as the agreement in the Application, all of which have
been fully explained to my satisfaction by the Sales Underwriter and I understand and/fully agree with them.
IMPORTANT NOTICE: The Insurance Commission, with offices in Manila, Cebu and Davao, is the government office in charge of the enforcement of all laws related to
insurance and has supervision over insurance providers and intermediaries. It is ready at all times to assist the general public in matters pertaining to insurance. For any
inquiries or complaints, please contact the Public Assistance and Mediation Division (PAMD) of the Insurance Commission at 1071 United Nations Ave., Ermita, Manila with
telephone numbers +632-85238461 to 70 and email address pubassist@insurance.gov.ph. The official website of the Insurance Commission is www.insurance.gov.ph
E-340000000-001