Can I choose how long I would like to be covered?

You will enjoy coverage for 5 years after which policy will automatically renew every 5 years. The maximum renewal age is 70.

Can I surrender my policy and receive a cash payout?

No. This policy has no cash value.

Is there any waiting period for cancer benefit to be payable?

Yes, there is a 90-day waiting period from the policy issue date or date of reinstatement of the policy, whichever is later. Waiting period is the time specified which must pass before the coverage begins.

The person insured must also survive for at least 7 days from the date of diagnosis of cancer. Otherwise, only the death benefit shall be payable.

If the policyholder is diagnosed with cancer and then dies, are both the cancer benefit and death benefit paid out?

No. If the life insured is diagnosed with cancer and survived for at least 7 days from date of diagnosis, the cancer benefit will be paid out and the policy terminates. Otherwise, only the death benefit shall be payable.

What are the exclusions under the cancer benefit?

Manulife will not pay the cancer benefit if:

  • the life insured did not survive for at least 7 days from the date of diagnosis of a cancer;
  • the date of diagnosis of a cancer is within 90 days from the policy issue date or the date of reinstatement of this policy, whichever is later;
  • the condition claimed is in the presence of Human Immunodeficiency Virus, Acquired Immunodeficiency Syndrome or any AIDS-related condition; or
  • the condition claimed is due to a pre-existing cancer.

Explore more

Protection