1.0 Important information
This policy document, together with the schedule, constitutes your insurance policy and is evidence of your insurance with us. You should read this document in conjunction with the schedule because together they contain important information relating to your policy. Please keep this policy document and the schedule in a safe place. We have issued this policy to you based on the information provided by you, to us on your application for insurance.
This policy document and the schedule are issued by CWF.
CWF Life Insurance is not a savings plan. The primary purpose is to provide a benefit under the terms and conditions of the policy in the event of a claimable event. When reading this policy document, please refer to the ‘What do we mean by that?’ on page 4 which shows the meaning of various terms used throughout.
2.0 Cooling off period
As this is part of the organization caring-sharing mission, we believe this insurance meets all members’ needs. The insurance will help not only the insured but also other members in the organization. All members are encouraged to ensure they have given a serious thought to joining since there’s no cooling off period.
3.0 When coverage starts and stops
Your policy will start on the policy commencement date shown on the list signed annually by the current president of the organization, subject to CFLI having received correct payment details, application form and a list showing members’ names signed annually by the president of the organization.
Coverage will stop under this policy on the earliest of the following events:
We will not consider any claim, unless the event giving rise to the claim occurred while your policy was still in force. We may also cancel this policy on any grounds permitted under relevant law or as directed by TOIOG president by telling you in writing. Please note: when coverage stops before death, member, spouse or beneficiaries are not eligible for any coverage payment or refund.