Guaranteed Renewability Conversion

Health Insurance for Life

Benefit & Definition:

The Guaranteed Renewability (GR) Conversion Option is a benefit that insures the conversion to our individual medical products, irrespective of the state of health of the insured at the time of conversion.

Enrollment Conditions:

• Adherents should be aged between 0 and 64 years old (both inclusive).
• Medical questionnaire is mandatory and should be filled by each insured at the first enrollment date and at each renewal date during the observation period.
• Proof of an active insurance cover must be submitted at each renewal.
• The conversion is applicable to IN-hospital & Ambulatory service.

Observation Period:

• Applicants will obtain the right to convert their policies at the end of the observation period.
• For members aged less than 55 years old, the observation period is 1 year.
• For members aged between 55 and 64 years old, the observation period is 2 years.
  

Criteria of Conversion:

• Proof of the last insurance cover should be submitted.
• Conversion should be exercised at a maximum age of 64.
• The conversion can only be activated when the previous cover stops, to avoid duplication of coverage.
• The conversion should be exercised within 30 days of termination of previous cover due to the following reasons:

1. Termination from employment.
2. Retirement.
3. Permanent return to home country for expats enrolled under an insurance plan in the country where they previously resided.

Termination of Cover:

The right granted under this option will be terminated in case of:

• Attaining 65 years of age for the policyholder.
• Attaining 25 years of age in respect of dependent children. (eligible for a separate policy on stand alone basis).
• Marriage of dependent children (eligible for a separate policy with their spouse).