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What is the insured amount in the event of death?
In the event of death, the Bank will pay a death benefit in accordance with the rules set out below.
Death benefit |
Maximum amount |
|
| Mortgage loan and personal loan | Insured loan balance as at the date of death, plus all interest accrued since the date of death |
$500,000 |
| All-In-OneTM and line of credit |
Accidental death Insured balance outstanding as at the date of death, plus all interest accrued since the date of death Non-accidental death The lesser of the following amounts:
|
All-In-One: $500,000 Line of credit: $1,000,000 |
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