Endowment Insurance Exclusions: Exclusions in Endowment Insurance Policies and Riders

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

Rider, adds the extra bit in life insurance

Ride on additional benefits in life insurance, here's how . Riders are additional benefits that can be purchased with a life insurance policy to spread the risk cover. ......

Insurance is null and void if suicide is committed within a year

Death claims are not payable under certain circumstances in case of life insurance. ......

Wondering how long you need to keep yourself insured?

It's important to ensure that you have adequate insurance till the time you are the bread-winner. ......

Endowment Exclusions: Opinion

How to collect maturity amount from insurer?

Getting maturity amount made easy , here's how .The insurer sends a discharge/claims form more than a month in advance of the policy maturity- here's your maturity claim. ......

Dos and Don'ts while buying life insurance

Read onn to know the do's and dont's of buying life insurance. ......

What is the process to get a life insurance policy?

Although now banks offer bancassurance - the insurance agent remains the primary source of insurance information and guidance. ......

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.