Overview
If the insured person commits suicide, whether sane or insane, within one year from the date of commencement of an endowment life insurance policy, the cover will become void, i.e. the nominee cannot claim the sum assured. Only the premiums paid up to the date of death will be refunded; after deducting the expenses incurred by the insurer for issuing the cover.
Endowment Exclusions: Basics
Endowment Exclusions: Opinion
Decision-making Corner
- Returns on Endowment Policy vs. Inflation Calculator
Do the returns on my endowment policy beat inflation? - Returns on Children's Endowment Policy vs. Inflation Calculator
Do the returns on my children's endowment policy beat inflation? - Calculator: Should I Continue My Endowment Policy?
Use this calculator to find out if you should continue your endowment policy or invest the premium amount saved in other avenues. - Calculator: Should I Continue My Children's Endowment Policy?
Use this calculator to find out if you should continue your children's endowment policy or invest the premium amount saved in other avenues.