May 13, 2022
  • May 13, 2022

Here are the main exclusions you should know

By on October 27, 2021 0

Life insurance policies have several advantages, but they also come with their own set of exclusions. It is very important to know these exclusions in order to avoid any unpleasant surprises during the claim process.

These exclusions may differ from one insurer to another.

However, there are a few common exclusions which are listed below:


According to Rakesh Goyal, director of Probus Insurance, deaths by suicide fall under the exclusions. However, some insurers extend coverage after one year from the date of the policy.

Life threatening activity

Death due to involvement in any kind of life threatening activity, or participation in any kind of criminal or illegal activity, is also considered an exclusion, Goyal said.

Maternity related

There are some insurers that do not cover death due to complications in pregnancy and childbirth.

No mention of pre-existing illness / habits

Many people tend not to mention their smoking habits in order to avoid higher premiums. That said, if claims are made after the death of the insured and this information was not disclosed initially, there is a very high probability that the claim will be dismissed, Goyal said.

“Likewise, if the insured fails to mention the details of a pre-existing condition he had when purchasing the policy, those claims could also be dismissed,” he said.

Aviation related loss

Most often, death in a plane crash where the insured was traveling on a private plane is not covered by an insurance policy. However, if the insured died while traveling with a commercial airline that follows a set schedule and routes, the insurer may pay the death benefit, according to Bankbazaar.

Participation in criminal / illegal acts

No insurance policy, sold by an insurer, will cover the risk posed by participation in illegal / criminal / illegal activities. This may include activities such as driving under the influence of alcohol, the consumption of intoxicants such as drugs or alcohol, injury or death caused by a car accident in which the insured was not wearing no seat belts or driving at high speed, participation in illegal demonstrations, etc., Bankbazaar mentioned.

War / war-related acts

According to this clause, if the insured died due to an act of war or any activity related to the war, the death benefit will not be paid.

In addition to the exclusions mentioned above, there may be other exclusions depending on the plan or the insurer. Thus, one should check his policy document well in advance to avoid confusion during the claims process.

Disclaimer: The opinions and investment advice expressed by the investment experts on are theirs and not those of the website or its management. advises users to consult with certified experts before making any investment decisions.

Source link