Document ID: chunk:federal_register_of_legislation:F2023L00208:reg:2
Version: federal_register_of_legislation:F2023L00208
Segment Type: reg
Provision Reference: reg 2
Character Range: 38346–39656

2      Additional benefits   A policy under which an amount of additional life insurance benefits (the additional benefits) are payable:                                                                              2.1 In calculating the minimum paid‑up value:

                             (a)  on accidental death; or                                                                                                                                                                (a)  the additional benefits are taken not to be part of the calculation; and
                             (b)  on death by an illness specified in the policy; or
                             (c)  on an event other than survival or death.
                                                                                                                                                                                                                         (b) the paid‑up policy is taken not to provide any part of an additional benefit.

                                                                                                                                                                                                                      2.2 The minimum termination value is calculated according to Attachment 2.