Diseases Covered
How the Product Works
Underwriting

1. Diseases Covered

1.1 Why are autism and Rett syndrome covered only if they appear before the age of 3? Answer

1.2 Is cystic fibrosis (CF) hereditary? Answer 

1.3 Can adults have type 1A diabetes? Answer 
 
1.4  Which of the 25 critical illnesses already covered under Harmony and Harmony New Generation strike children? Answer

2. How the Product Works

2.1 What happens to the Harmony New Generation coverage when the insured child reaches age 18? Answer 

2.2 Who will receive the refund of premiums, the insured or the policyholder? Answer

2.3 Why is it impossible to have a life insurance amount higher than the critical illness insurance amount for the same contract? Answer

2.4 Who can be a Harmony New Generation policyholder for a child's policy? Answer

2.5 Can the issued insurance amount exceed $250,000? Answer

3. Underwriting

Summary of major underwriting rules:
 

• For amounts of up to $100,000 inclusive, all children must have equivalent insurance, in other words, the same insurance amount. 
• For amounts exceeding $100,000, the critical illness coverage should not exceed 50% of the parent's coverage.  All children must have equivalent insurance, in other words, the same insurance amount. 
   

Please note that these are general rules only and that some exceptions may apply. Special situations are assessed on a case-by-case basis.

3.1  To choose a critical illness insurance amount that is higher than $100,000, the parent must be insured for twice the amount of the child's coverage. In this case does Underwriting consider only the parent's critical illness insurance? Is group life and disability insurance also considered?  Answer

3.2  To choose a critical illness insurance amount that is higher than $100,000, the parent must be insured for twice the amount of the child's coverage. In this case does Underwriting consider both the father's and the mother's critical illness insurance or just one of the parent? Answer

3.3 In the case where a grandparent becomes the holder of his grandchild's policy, must the parents of the child be insured for critical illness nonetheless?  Answer

3.4 As a Harmony New Generation policyholder, does a grandparent have to have critical illness coverage?  Answer

3.5 If a grandparent wants to take out critical illness insurance on one of his grandchildren, must all his grandchildren be insured for the same amount? Answer

3.6 Why must all the brothers and sisters be insured for the same amount?  Answer

3.7 In the case of a family with one 2-year-old child and one 17-year-old child, can we insure only the 2-year-old? Answer

3.8  If a client decides to insure his first-born with critical illness coverage, will he automatically have to insure all his children born subsequently? Answer

3.9 If two spouses, each with children from a previous relationship, have a new child together, who must they insure? Answer

3.10 If one of the children is rejected, are the others automatically rejected as well? Answer

Complete version - Frequently Asked Questions
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