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Are there any term plans which do not have any exclusions for war, Adventure sports, narcotics etc.?

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07 Nov, 2020 by vivek.gala@iiml.org

Is it true that LIC and Tata AIA have Term plans with the only exclusion of Suicide in the first 12 months. Are there any other players which offer this?

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07 Nov, 2020
Team Beshak

Hey Vivek,


  1. Term Plans do not have any exclusion on death benefit - except for suicide in the first year.
  2. The exclusions of war, adventure sports, narcotics that you are seeing are applicable to riders like Disability, Accidental Death, Critical Illness etc.


Hope this clarifies!


Regards,

Team Beshak

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11 Nov, 2020
Shubham Aggarwal

If there is any natural disaster in India, can the insurance company reject the claim ? If buying the Term Plan.

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11 Nov, 2020
Mahavir Chopra
No, Shubham.
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