Life Insurance Indemnity Contract Template for Philippines

1. Investment Component: For investment-linked policies, details of investment mechanisms and fund choices

2. Loan Provisions: Terms and conditions for policy loans, if this feature is offered

3. Riders and Additional Benefits: Description of optional additional coverage such as accident benefits or disability coverage

4. Dividend Provisions: For participating policies, terms regarding dividend calculations and distribution

5. Conversion Privileges: Terms for converting the policy to a different type of insurance product

6. Extended Coverage Options: Terms for extending coverage beyond the original policy period

1. Schedule A - Premium Payment Schedule: Detailed breakdown of premium payments, including due dates and amounts

2. Schedule B - Benefit Schedule: Detailed breakdown of benefit amounts and any variations based on circumstances

3. Schedule C - Medical Requirements: List of required medical examinations and health declarations

4. Appendix 1 - Policy Illustrations: Numerical examples showing how the policy works, including any investment or dividend components

5. Appendix 2 - Claims Documentation Checklist: Comprehensive list of documents required for different types of claims

6. Appendix 3 - Risk Disclosure Statement: Detailed disclosure of risks associated with the policy, particularly for investment-linked products