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.
Get Life Insurance Proposals
Upto 5 providers will offer you alternative proposals based on Apr 2018 premiums