Group Life .................Group Life Policy is the principle agreement (basic policy) which provides financial security and relief of economic loss for Insured Member's family in case of his death. In such case, AIA will pay an amount of claims for his designated beneficiary in equal to the agreeable sum insured amount shown in the Policy Contract. Coverage ............... .Insured Member is covered for 24 hours all over the world with no limit of place and time both in and out of occupation. Exclusion Committing suicide within first year. Covering Period .................Covering period is 1 year or 12 consecutive months commencing on Policy Effective Date so called "Policy Year". The policy contract is a continuous contract subject to renewal at the end of each Policy Year. Benefits Death Benefit When insured member dies, AIA will pay claims in equal to sum insured amount of life coverage to his designated beneficiary. Total Disability Extended Death Benefit If Insured Member's insurance is terminated due to his suffering from total disability as a result of sickness or accident injury, Death Benefit coverage will be extended without premium payment for an equal period to the duration that such Insured Member has been continuously insured under this policy but not longer than a period of 12 months and before his 60 years of age. Premium Rate           Premium rate of each Policy Year depends on data of Insured Members in the group such such as ages, sum insured amounts and occupational risk. Total members in the group use the same/one average premium rate for the whole policy year. Change of the premium rate can be done on the following occasions: On Policy Anniversary Date On Premium Due Date provided that such current premium rate has been in effect for at least 12 months. When the risk being insured against under this policy increases substantially.. This is provided that AIA will notify Policyholder of such premium rate increase at least 31 days in advance of premium due date.