Clause 33

by deleting “47(1)” in the Schedule reference and substituting “47(2)”;

by deleting sub‑paragraphs (ii) to (v) of sub‑paragraph (a) and substituting the following sub‑paragraphs:“(ii)any group health policy;

any group personal accident policy;

any rider to an individual policy, whether or not it is a Category 1 insured policy, with the exception of a rider which, upon the occurrence of a claim event —

accelerates the payment of part or all of the sum assured stated in the policy; or

provides for a payout of an additional sum of money over and above the sum assured stated in the policy;

the part of any insured policy, whether or not it is a Category 1 insured policy —

comprising the accumulated values (including interest which has accrued on such values) of coupon deposits, advance premium payments and unclaimed moneys under such insured policy; and

excluding such coupon deposits, advance premium payments and unclaimed moneys as have been factored, in whole or in part, in the surrender value computation by the PPF Scheme member;

any accident and health benefit payable under a Category 4 insured policy (other than a benefit that accelerates the payment of part or all of the sum assured stated in the policy);”;

by deleting the words “or rider” in sub‑paragraph (b)(i);

by deleting the words “any term rider” in sub‑paragraph (b)(v) and substituting the words “any rider, whether or not it is a Category 2 insured policy,”;

by inserting, immediately before the words “policy owner” in sub‑paragraph (c), the word “insured”; and

by deleting sub‑paragraph (d) and substituting the following sub‑paragraph:“(d)Category 4 insured policies, comprising any of the following types of policies or riders:

any non‑voluntary group insurance policy, being a non‑voluntary group term policy, non‑voluntary group whole life policy, non‑voluntary group endowment policy or non‑voluntary group annuity policy;

any rider of a non‑voluntary group insurance policy which, upon the occurrence of a claim event —

accelerates the payment of part or all of the sum assured stated in the policy; or

provides for a payout of an additional sum of money over and above the sum assured stated in the policy,other than any accident and health benefit, not being a benefit under a rider that accelerates the payment of part or all of the sum assured stated in the policy, payable under any such policy.”.