| Harmony New Generation - Product Description |
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Harmony New Generation is an individual critical illness insurance coverage for children.
Issue Ages
- 30 days to 17 years (age nearest)
Sum Insured
- Minimum: $25,000
- Maximum: $250,000
Rate Bands
- $25,000
- $50,000
- $100,000
- $250,000
Premiums
Insurance Duration
- Expires at age 100
- Special Children's illnesses expire at age 18
Premium duration
2 options of payment:
Surrender charges:
Accelerated Health Care
End of coverage:
Coverage terminates in the event of one of the following:
- Diagnosis of one of the critical illness covered
- Insured's death
- Date of surrender (a return of premium is available at 5
 anniversary)
Covered illnesses/conditions
2 options of covered illnesses:
- 28 illnesses (including 3 children's illnesses: Autism, Rett Syndrome and Cystic Fibrosis)
- 31 illnesses (including 6 children's illnesses: Autism, Rett Syndrome, Cystic Fibrosis, Type 1 Diabetes Mellitus, Cerebral Palsy and Muscular Dystrophy)
These 2 options include the Recovery Cash Advance Benefit and The Serious Complications caused by Infectious Diseases
Insured life options
Conversion privilege
Eligibility of Conversions
Return of premiums at Death
4 options for return of premiums at death:
- 100% of paid premiums at death, or 25% of the sum insured, whichever is the highest
- 100% of paid premiums at death, or 50% of the sum insured, whichever is the highest
- 100% of the sum insured
- No return of premium
Return of premiums upon surrender
- Option for return of premium available from 5 anniversary
- The percentage of refund is equivalent to 25% of paid premiums and increases each year to reach 100 % at 20 anniversary.
Additional Benefits
Supplementary Benefits
Products that can be added to Harmony New Generation: Life 20, Term 20, Guarantred Whole Life, Max Life.
Products that Harmony New Generation can be added to: all products except Independent Living, Enhanced T10 and Life Start 15.
Policy Fee
Assistance services
Legal Assistance
A direct phone service provided by a lawyer who helps you find answers to the legal concerns you may have.
Prompt recovery
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Access to a qualified nurse who answers your questions 24/7.
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If you are diagnosed with a critical illness; a nurse will provide guidance and support in the management of your activities so that you can receive treatment and speed up your recovery in the best possible conditions. The nurse can refer your clients to a psychologist, who can help them cope with their illness by offering up to three hours of free consultation.
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Your clients will also have access to Best Doctors to help them get a second medical opinion to confirm the diagnosis and the best medical advice for their diagnosis.
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