What Term Insurance Does NOT Cover
Term insurance is a legal contract, not a charity. While it is designed to cover “Unforeseen Death,” it is not a blank cheque for every scenario. If you don’t understand the boundaries of your policy, you are paying for a paper shield that might fail your family exactly when they need it most.
- The 12-Month Suicide Rule: Why suicide is typically excluded in the first year to prevent intentional “debt-clearing” insurance fraud.
- The Intoxication Clause: Why an accident involving alcohol or drugs can lead to an instant ₹0 payout.
- Dangerous Hobbies: Why skydiving, racing, or high-risk professional acts are standard red flags in the fine print.
- The 7-Year Wait: Understanding the agonizing legal timeline required to settle a claim for a “Missing Person” whose body is not found.
Watch this video to read the “Fine Print” and ensure your family doesn’t receive a rejection letter instead of a check.