Clause 35

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

by deleting sub‑paragraph (i) of paragraph 2(b) and substituting the following sub‑paragraph:“(i)the ratio of the Maximum Sum Assured to the aggregate amount or (where instalment payments have, before the quantification date, been made to a covered party) the aggregate remaining amount, of the sum assured on the life assured guaranteed under all such policies (other than riders which accelerate the payment of part or all of the sum assured stated in the policy), upon the occurrence of a claim event (including the sum assured on any rider which provides additional payout of the sum assured upon the occurrence of a claim event); or”; and

by inserting, immediately after the word “owner” in paragraph 2(c)(i), the words “or trustee of a trust of the insured policy”.