Which Term Insurance has LEAST EXCLUSIONS i.e. death due to Terrorism, War, Calamity etc. ?

POSTED BY Rajen Makhijani ON September 22, 2012 5:31 pm COMMENTS (4)

Which Term Insurance (or other forms of Life Insurance) has LEAST EXCLUSIONS i.e. death due to Terrorism, riots, War, Natural Calamity, Earthquake etc. ?
I am 35 years old male with 3 children. I need a term insurance cover that actually pays if I die. And given India’s geo-political situation, social unrest etc, I see little point in investing in a policy that does not cover any of the above. Am seeking comprehensive coverage.
Would be grateful if I could know which companies / plans have least exclusions?
Thank you
Rajen

 

4 replies on this article “Which Term Insurance has LEAST EXCLUSIONS i.e. death due to Terrorism, War, Calamity etc. ?”

  1. Rajen Makhijani says:

    Thank you Ashal. Very kind of you 🙂

  2. Rajen Makhijani says:

    Thank you Ashal. I really appreciate your help on this.

    Are the death types I mentioned, generally covered under all term insurance OR is the Aviva one pretty unique in this? Also whats the name of the plan please?

    Kind Regards
    Rajen

    1. Dear Rajen, the online policy of Aviva is called I-Life. I also checked for the exclusions in Aegon Religare & Kotak.

      As per the brochure info of Aegon religare, only death in a War or Invasion (whether declared or not) is excluded & that 1Y Suicide one.

      In case of Kotak, again no such exclusions are given in brochure. Of course the standard one is there of suicide for 1Y.

      Thanks

      Ashal

  3. Dear Rajen, I do have an Aviva online term cover & it covers all the death types as mentioned by you. The only exclusion is for suicide & that too either in the first year of policy or in the first year of policy revival (If policy was revived at all).

    Thanks

    Ashal

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