हिन्दी
ગુજરાતી
বাংলা
తెలుగు
मराठी
ಕನ್ನಡ
Insurance
Saving
Mutual Funds
Breaking Briefs
Download The App
Home
Videos
Podcast
Banking
Bulletin
Gold
Healthcare
Real Estate
Tax
Travel
Survey 2023
Survey Report
Breaking Briefs
Insurance
Savings
Loan
Crypto
Investment
Mutual Funds
Real Estate
Tax
Exclusive
Home
/
Stocks
Death cases that aren't covered in your term life insurance? Here's a list
Intentionally self-inflicted injury or inflicted suicide irrespective of the mental condition of the insured will not yield any death benefits
Noopur Praveen
Last Updated : May 17, 2024, 14:11 IST
With this, the company would join the likes of Policy Bazaar, Amazon Pay, Paytm Money and LendingKart that offer insurance online.
The purpose behind investing in term life insurance is to get a lump sum claim amount on the demise of the insured. Nominee can avail the death benefit in such a case.
However, there are certain situations when death benefits may not be disbursed. In case the insured is murdered and nominee is a potential suspect, the insurer can hold the claim fund indefinitely.
If the insured died due to involvement in any sort of criminal activity, the insurer may decline settling the claim altogether. The nominee won’t get any claim funds here.
If the death is caused because the insured was under the influence of alcohol or narcotic substances, the insurer has every right to reject the claim. A good example is death due to driving under alcohol influence.
Insurer won’t be liable to pay any benefits if the insured dies within 30 days of diagnosis of a listed critical illness.
If the insured fails to disclose their smoking habit while buying the policy and dies due to smoking-related complications, the insurer can deny claim. You must disclose such things at the start to avoid hustling for the claim later.
Generally, death caused due to participation in hazardous activities is not covered under term insurance. This is because it poses high life risk. You should buy a specific policy for such case scenarios.
Therefore, if you’re passionate about adventure sports and indulge in it often, make sure to inform this at the time of availing the policy. Otherwise it maybe considered as the case of material misrepresentation.
Death due to any pre-existing health ailment or diseases like HIV or AIDS is not covered by the insurer, unless stated otherwise in the policy.
Intentionally self-inflicted injury or inflicted suicide irrespective of the mental condition of the insured will not yield any death benefits from the insurer.
Published: July 27, 2021, 17:57 IST
Related News
नए साल से पहले कम हो सकता है EMI का बोझ, RBI घटा सकता है रेपो रेट
टोयोटा के लिए ईवी बनाएगी मारुति सुजुकी इंडिया, जानें कब आएगी मार्केट में
दुबई नहीं, भारत यहां से मंगा रहा है सबसे ज्यादा सोना, छह महीने में हुआ 27 अरब डॉलर का आयात
JIOFIN को Paytm जैसे इस काम के लिए RBI ने दी मंजूरी, ब्लैकरॉक के साथ म्यूचुअल फंड कंपनी भी बनाई
ब्लिंकिट, जेप्टो की बढ़ने वाली है मुश्किल! टाटा का ‘न्यू फ्लैश’ बाजार में दस्तक देने को तैयार, मिलेंगी ये सुविधाएं
X
Home
Videos
Podcast
Banking
Bulletin
Gold
Healthcare
Real Estate
Tax
Travel
Exit mobile version