If you or your spouse receive a benefit amount under a PARACHUTE Complete policy, coverage may remain in force subject to the terms and conditions of your policy, specifically, the following paragraph, provided that premium is paid in accordance with the policy.
The multiple event categories are:
Category 1: Life-threatening cancer
Category 2: Aortic surgery, coronary artery bypass surgery, heart attack (myocardial infarction), heart valve replacement or repair, and stroke.
Category 3: Blindness, deafness, loss of limb, loss of speech, occupational HIV, and severe burns.
Category 4: Aplastic Anemia, bacterial meningitis, benign brain tumour, coma, dementia including Alzheimer’s disease, kidney failure, loss of independent existence, motor neuron disease, multiple sclerosis, major organ transplant, major organ failure on waiting list, paralysis, and Parkinson’s disease and specified atypical parkinsonian disorders
The full coverage amount may be claimed for up to four covered conditions, with one claim being eligible in each of the Multiple Event Categories listed above. The subsequent diagnosis must be made 90 days or more after the date the prior covered condition was diagnosed.This benefit is subject to the following limitations:
Once a benefit has become payable, the insured person will not be covered for another claim that is:
- in the opinion of the insurer, caused by, or contributed to, has spread from or has occurred as a result of the same covered condition;
- in the opinion of the insurer, directly or indirectly associated with, or is likely to have been caused by, a covered condition that the insured person has already claimed under his or her policy; or
- for a claim for another covered condition within the same multiple event category as a claim that has already been paid under his or her policy.
This benefit is available only to you and your spouse and is not available for dependent children.
What about early diagnosis benefit conditions?
Payment of Early Diagnosis Benefit Covered Conditions will not affect your ability to make a claim under the multiple event coverage condition categories.