What Does Life Insurance Not Cover?

Pre-existing conditions: If you have a pre-existing condition, you may be able to get life insurance, but you may have to pay a higher premium.
War or terrorism: Some life insurance policies do not cover death caused by war or terrorism.
Suicide: Most life insurance policies have a suicide clause that states that the policy will not pay out if the insured person commits suicide within a certain period, typically two years.
Hazardous activities: Some life insurance policies do not cover death caused by participating in hazardous activities, such as skydiving or scuba diving.
Intentional self-harm: If you intentionally harm yourself, your life insurance policy may not pay out.
Fraud: If you lie on your life insurance application, your policy may be void.

What is Term Life Insurance Cover?

Term life insurance cover refers to the amount of money (sum assured) that the policy will pay to the beneficiary if the insured person passes away during the policy term. It is the financial protection provided by the insurance policy.

What is Term Life Insurance Coverage?

Term Life Insurance coverage refers to the financial protection provided by a Term Life Insurance policy. In exchange for paying regular premiums, the policyholder's beneficiaries receive a predetermined death benefit if the insured person passes away during the policy's term. This coverage is temporary and ends when the policy expires.

Can I Increase My Term Life Insurance Coverage?

Yes, it is possible to increase your term life insurance coverage in India. Term life insurance provides coverage for a specific period and offers a death benefit to the beneficiaries if the policyholder passes away during the term. If you currently have a term life insurance policy and wish to increase the coverage, here are some steps you can take:

Contact your insurance company
Review your existing policy
Assess your insurance needs
Provide updated information
Underwriting process
Adjustment your premium payment

Does Term Life Insurance Cover Cancer Death?

Yes, term life insurance policies in India generally cover death resulting from cancer, subject to certain conditions and policy terms. Here are some key points to consider:

Pre-existing Conditions: When applying for term life insurance, you may be asked to disclose any pre-existing medical conditions, including a history of cancer. Insurance companies assess the risk associated with pre-existing conditions, and it may impact the premium or coverage terms.
Waiting Periods: Some term life insurance policies may have a waiting period, typically ranging from one to two years, during which coverage for death due to cancer may be excluded. After the waiting period, coverage for cancer-related deaths is usually included.
Accurate Disclosure: It's crucial to provide accurate and complete information about your medical history during the application process. Failure to disclose relevant information or providing false information may result in claim denial.
Policy Terms and Conditions: Read the policy documents carefully to understand the specific coverage terms and conditions related to cancer. Different term life insurance policies may have variations in coverage, exclusions, waiting periods, and claim procedures.

Does Life Insurance Cover Death from Cancer?

Yes, life insurance in India generally covers death resulting from cancer, subject to certain conditions and policy terms. However, it's important to understand the specifics of the life insurance policy you are considering. Here are some points to consider: