POSTED BY September 27, 2013 12:11 pm COMMENTS (3)
ONHi Manish,
I had purchased the AEGON Religare iTerm Plan earlier this month and have been reviewing the policy document and terms&conditions. I have few questions –
– As per the website, policy benefits include coverage Covers all forms of death, even terrorist attacks. (Exclusion: In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable). But in the T&Cs documents – it just says –
Death BenefitIf the policy is in force and the Life Assured dies before the Date of Maturity, the company will pay to the nominee or to the policyholder or to the Legal heir as the case may be an amount equal to Sum Assured as applicable at the time of death.
Suicide ExclusionIf the Life Assured under the Policy, whether medically sane or insane, commits suicide, within a period of one year from the:a) The Policy Date orb) Date of reinstatement,The Policy shall be void and the policy will terminate without any benefit.
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Dear Beginner, yes is my call based upon my personal interaction with my insurer.
Thanks
Ashal
Thanks Ashal. I have written to the company and waiting for the response. Meantime, in your experience, do you think the document is valid to claim that they were to cover for all the risks except the ones mentioned in the exclusions?
Dear Beginner, if you want to get it in written from the company, please write a mail and ask for a clarification for the same. In my personal case, I checked it with AVIVA and got the clarification.
thanks
Ashal