NO CLAIM BONUS |
For each year that you do not make a claim we will pay you £1 for every £7 benefit selected.* |
Subject to submission of a valid claim, benefit is payable from the second week of any sickness for up to 12 weeks in any 12 month period. The policy must have been running for a minimum of 26 weeks before you can submit a claim. Other levels of benefit and time periods are available on request.
*No Claim Bonus will be paid as a lump sum, providing contributions have been paid for at least 5 years, either:-
- Upon your death at any time whilst the plan is in force, or
- After you reach age 60 , cease eligible employment and stop contributing to the plan, or
- If you are medically discharged from eligible employment before your 60th birthday and stop contributing to the plan (subject to satisfactory medical evidence)
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