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Regulations

REGULATIONS/PROCEDURE FOR THE SELECTION OF INVESTMENT FUNDS AND TRANSFER OF UNITS

  • The Company reserves the right to amend the Regulations and the Procedure whenever it deems necessary.
  • In order to exercise the above options, an application should be submitted for the transfer of units or the change of the Fund where amounts invested in respect of future premiums are to be allocated
  • The maximum number of changes of the Fund where the amounts to be invested in respect of future premiums are to be allocated in a single insurance year shall be four.
  • The maximum number of transfers from one Fund to another in a single insurance year shall be four. In order to exercise this option, at least two months should elapse from the date the last change occurred or the commencement date of the policy.
  • The first transfer of units from one Fund to another in a single insurance year shall be free of charge. Each subsequent transfers shall bear an administrative cost of €35.
  • The value of the units transferred to each Fund should be at least 10% of the total value of the units allocated to the Policy.
  • The transfer of any units from any Fund to the PrimeSAFETY Fund shall be subject to the Company’s regulations regarding the transfer of units and applicable from time to time. The Company reserves the right not to accept the policyholder’s application for the transfer of part or the total number of units.