Dear PCWG member,
Here is the wrap-up from PCWG meeting date 3 Feb 2016;
1. To keep the same series content of waiver premium product. The content of WPCI will align with PBCI contract.
2. Other rider terminated, WPCI will be follow the current practice of WP.( more details as link na ka)
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3. Not allow increase Basic SA. same as PBCI practice.
4. Free-WP still maintain the same but for Purchase-WP can attach only either purchase-WP or WPCI.
5. 4 aging CI disease: Alzheimer, Parkinson, Loss of Independent Living, and TPD)
- No concern from UW and Claim dept. if WPCI to start coverage at age 16.
- Actuary will assess risk and feedback to PCWG.
6. LC/LCP premium will waive premium under only TPD. No need to add content in WPCI contract but will show in system spec.
This attached is latest WPCI contract for your review ka.
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If I miss anything please feel free to let me know na ka.
Thank you very much ka.
Best Regards,
Onprapa C.