If the policy is terminated prematurely, the paid up premium (without interest and GST) is refunded based on the following scale:

Completion of Anniversary Year              % of Paid Up Premiums 
                    1                                                       0%
                    2                                                       0%
                    3                                                     30%
                    4                                                     40%
                    5                                                     50%

You are entitled to the cash refund benefit provided that the following conditions are met:

A) All premium due are settled in full

B) No claims have been paid to any insured person under the policy

C) No claims have been submitted by any insured person under the policy and are pending adjustment