Overview
If the insured person commits suicide, whether sane or insane, within one year from the date of commencement of a term 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.
Term Insurance Exclusions: Basics
Term Insurance Exclusions: Opinion
Decision-making Corner
- Returns on Children's Endowment Policy vs. Inflation Calculator
Do the returns on my children's endowment policy beat inflation? - Insurance Planner
Use this calculator to find out how much life insurance you need. - 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.