Life Insurance - Kotak Life Insurance Company in India
Close
Close

Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak e-Term Plan

Protect Your family’s financial future with Kotak e-Term Plan. Know more

Kotak Assured Savings Plan

A plan that offer guaranteed returns and financial protection for your family. Know more

Kotak Guaranteed Savings Plan

A plan that offers long term savings and insurance in one premium. Know more

Kotak e-Invest

Insurance and investment in one plan with Kotak e-Invest. Know more

Kotak Health Shield

Insurance against medical expenses related to heart, brain, liver and Cancer. Know more

Which Death Type Does Your Term Plan Not Cover?

Which Death Type Does Your Term Plan Not Cover?
  • 15th Feb 2022 |
  • 430

Term Insurance is one of the most prominent plans among insurance applicants since it provides financial order and safety to their dependents in their absence. You can guarantee your loved ones’ safety with a considerable sum assured by paying inexpensive charges. In the event of an unforeseen event, they will get a lump sum payment so that they can continue to live a balanced and holistic lifestyle. However, when it comes to the sorts of death covered by term insurance, many people have questions. The various types of events that term insurance does not cover are listed below:

Suicide

Many people wonder whether suicidal death is covered by life insurance in India. Several life insurance firms do not provide any coverage if a person commits suicide. However, it is a good idea to read the policy’s terms and conditions before purchasing it. This is because certain policies reimburse the beneficiary around 80% of the premiums if the policyholder commits suicide during the first 12 months of buying the policy (non-linked). The beneficiary of linked plans is entitled to the full amount of the insurance premium.

Types of deaths not covered in a term plan insurance

Self-Inflicted Injuries

The beneficiary will face claim rejection if the policyholder dies as a result of an injury caused by them or as a result of direct involvement in any type of dangerous or life-threatening activity.

Homicidal Death

A lot of probing happens in such cases to justify the legitimacy of the claim. The insurance company will deny the claim if the policyholder is murdered and the investigation indicates that the crime was committed by the beneficiary.

STD-Related Death

The term life insurance claim will be denied if the policyholder dies as a result of sexually transmitted diseases such as HIV or AIDS. STD-related deaths are not covered by insurance policies.

Death due to Natural Calamity

Term insurance does not cover death caused by a natural catastrophe or act of God, such as a tsunami, earthquake, or flood unless you have purchased specific rider policies for that reason.

For additional information, here is a list of deaths that are covered under term plans -

  • Natural Death
  • Accidental Death
  • Death due to medical reasons

In such cases, the beneficiary gets the full lump sum amount.

Many people have several policies and are unsure how to go about claim settlement after the policyholder passes away. In such circumstances, you must adhere to the IRDA’s rules. Before selecting an effective term plan for yourself, it is critical to read the policy paperwork. Only then will you be able to take full advantage without experiencing any big delays. Compare, think about it, and make an informed decision!

Kotak e-Term Plan

Features

  • Nominal Cost
  • Multiple Plan Options
  • Flexible Payout Options
  • Critical Illness Rider
  • Tax Savings
  • Long term Coverage

Ref. No. KLI/22-23/E-BB/492

T&C

Browse our library of resources

- A Consumer Education Initiative series by Kotak Life

Similar Articles

Make Your Online Term Plan Your Family's Monthly Pay Cheque

Term Insurance: Most Common Term Insurance Myths Explained | Kotak Life

How To Choose the Right Sum Assured Under a Term Plan?

Is Term Life Insurance Plan an Investment or Expense?

8 Things To Do After Buying Term Insurance

How to Ensure That Your Term Insurance Claims Are Never Rejected?

8 Factors to consider before choosing a Critical Illness Insurance

Should You Have Multiple Term Life Insurance Policies?

Difference Between Term Insurance vs Life Insurance

Insuring Against Accidents with an Accidental Death Insurance Rider

Term Life Insurance Plan for Smokers vs Non-Smokers

कोविड -19 बूस्टर खुराक के दुष्प्रभाव

Term Insurance Calculator - Everythng You Need To Know

Know How to Invest at Every Age for Larger Returns

What are the Documents Required for Term Insurance Plan?

While Buying Term Insurance Compare Features, Not Just Premiums

Everything About Claim Settlement Ratio for Term Insurance

What is a Joint Term Insurance Plan? Key Benefits of Joint Term Plan

What Is a Renewable Term Insurance Policy?

Is it a Good Time to Buy Term Insurance During the COVID-19 Pandemic?

What is a short term insurance policy?

Online vs Offline Term Insurance: Which Is The Better Option To Buy

Do I Need to Give a Medical Test for Term Insurance in India?

Buying A Term Insurance? Don't Ignore the Claims Settlement Ratio

Make Your Online Term Plan Your Familys Monthly Payout

Top 3 Reasons Why You Should Buy A Term Plan Now

Why does every working woman need life insurance?

8 Benefits of Term Insurance You Should Know

Increasing Term Insurance and Riders

Which Term Insurance to Choose: Lump Sum or Staggered Pay-out Plan?

How To Choose the Right Term Insurance Plan?

Does Term Insurance Cover Accidental Death?

What is the Right Term Period For Term Insurance Policy? Here's How You Should Choose!

Best Investment Plans for Children - Secure Your Child's Future

What Happens if you Hide Facts in your Term Insurance?

Should Youngsters, Working Couples Buy Term Insurance Plans?

9 Most Frequently Asked Questions on Term Insurance

Insurance Policy for Housewife In India

5 Benefits of Early Retirement Planning

What is Critical Illness Policy

Why Term Plan Should Be The First Step To Securing Your Future?

Different Types of Premium in Term Insurance

Busting Myths and Facts About Term Insurance Policies

4 Methods to Calculate How Much Term Insurance You Need

How Not To Get Your Term Insurance Claim Rejected

Insuring Protection Against Death With Death Insurance Rider

Insuring yourself against Ill Health with a Critical Illness Rider

What Happens to Term Insurance Plan With No Beneficiary - Kotak Life

Cost of Term Insurance Likely to Increase Soon

6 Reasons That Make Term Insurance a Must Buy

Individual Life Insurance vs. Group Term Life Insurance

What Types of Deaths Are Covered in a Term Insurance Plan?

Is It Good To Buy A Term Insurance Plan In 2022?

What Is a Passive Income? Why Should You Use It to Buy a Term Plan?

Advantages of Buying Term Insurance in Your 50s

Can I Buy Term Insurance for a COVID-19 Patient?

Endowment Plans vs Term Plans: Understanding the difference

Can I Make Changes to My Term Insurance Policy Post Purchase?

Is Life Insurance Investment Worthy Enough

5 Term Insurance Benefits for Single Women

Can A Housewife Buy a Term Insurance Plan - All You Need to Know

Why 1 Cr Term Plan Is Necessary For Family?

Understanding Term Insurance Riders

How to Identify Term Insurance According to Your Needs?

Term Insurance With Riders In India

How to Compare Term Insurance Online

How Much Term Insurance Do I Need

Insuring Against Disability With Disability Insurance Rider

Key Differences Between Term Insurance, ULIPs, And Health Insurance

Ensure Protection Against Death, Disease & Disability With Life Insurance

5 Things To Consider While Buying Term Insurance Plan

Term Vs. Whole Life Insurance: Which One You Should Buy in India?

Can Term Insurance Plans Be Purchased As A Gift?

Why Term Insurance Is Better Than ULIP?

Why Should You Not Take A Term Plan Without Medical Test in India?

Are The Add-ons and Optional Features of Term Insurance Plans Actually Beneficial?

How Much Cover Should I Take In A Term Plan?

Term Insurance – Why You Must Include In Your Financial Planning?

What Should You opt for - Limited or Premium Pay?

Side Effects of Covid-19 Booster Doses

Importance of Term Insurance at Every Stage of Your Life

Can Senior Citizens Avail Term Insurance?

9 Ways to Help Family Members in Financial Trouble

All you need to Know about Term Insurance Plans for Housewives

When is the Right Time to Buy Term Life Insurance Policy for Yourself?

What Are the Best Term Insurance Plans for Planning Retirement?

Why should single women purchase term life insurance?

Term Insurance Basics You Should Know

How Does A Term Life Insurance Work in India?

10-Year Term Life Insurance Policy - Explained in Detail

All About Term Insurance Inbuilt Coverage

Can You Increase Your Term Insurance Cover?

Do Beneficiaries Pay Taxes on Term Insurance?

Buying A Term Insurance Plan? Take These Factors into Account

Can I Get Term Insurance on Behalf of My Spouse?

Is Group Term Life Insurance Provided By Employer Sufficient?

What is Insurance Premium - A Detailed Guide

Do You Need Term Insurance Cover After Retirement?

Why Married People Should Buy Term Insurance Under MWP Act?

Term Insurance Plans and Policies for Smokers

Calculating Term Insurance Premium

Key IRDAI Regulations That Changed Face Of Term Insurance Industry In 2020

Choosing Riders for Insurance Plans

How To Change The Nominee in Term Insurance?

How to Surrender Term Life Insurance When you have No Liabilities

Term Plan with Spouse Cover

Why Term Insurance Is Important in times of COVID-19?

Term Insurance with Critical Illness

Why Buying a Term Plan Is Smarter Than Traditional Life Insurance Products

5 Reasons to Buy Term Insurance When You are in Your 30s

How To Calculate The Amount Of Term Life Insurance You Need?

Does Your Term Insurance Plan Cover Death Due to COVID-19?

Is ₹1 Crore Term Insurance Good Enough Cover?

10 Ways to Get Your Kids Involved in Your Healthy Lifestyle

Protection for your family

Is a Term Insurance Policy Portable?

Why Surrendering Your Term Plan Policy In The Final Phase Maybe A Bad Idea?

Why Should New Parents Buy Term Life Insurance?

Eligibility Criteria for Buying Term Insurance in India

Should You Buy a Term Plan After 40?

Is There Any Tax Benefit on Term Insurance?

Steps on How to Buy Term Insurance Online

Why Buy Term Insurance Even at Rising Rates?

Term Insurance Age Limit – Term Plan for All Age Groups

Term Insurance: What Happens When You Don’t Pay Your Premiums?

Tax Benefits of Term Insurance in India

Ideal Features of a Suitable Term Plan - Act Now for a Stress-free Future

What is Form 16, Form 16 part A, Form 16 part B, Information Required and FAQs

Why Premium Amount for Term Insurance is So Low?

Term Insurance: Smokers vs Non-Smokers

What Should Be The Duration Of Your Term Plan in India?

How to Buy 1 Crore Life Insurance Policy Without Medical Test

How Much Term Life Insurance Cover Do I Need in India?

How Does Term Life Insurance Work? Learn the Benefits

टर्म इंश्योरेंस क्या है? टर्म इंश्योरेंस का मतलब

What is Term Insurance - A Complete Guide

10 Ways to Mentally Refresh After a Stressful Day

Reasons You Need Term Insurance Plan as a Self-Employed Person

What All Documents Required For Term Insurance In India?

Planning For Son or Daughter's Wedding

Why Should You Add a Rider to a Term Insurance Plan?

4 Things To Expect From Your Term Insurance Plan in India

Advantages & Disadvantages of Term Insurance in India

Why is it important to buy term insurance plan?

Can I Extend the Tenure of My Term Insurance Plan?

What Are Insurance Riders and How to Choose Them in a Term Plan?

Can Non-Resident Indians (NRIs) Buy Term Insurance In India?

What Is the Correct Age to Buy Term Insurance?

4 Reasons Why You Need Critical Illness Cover

Why Should You Buy Term Insurance in 2022?

Different Types of Protection Plans

Comparing Term Plans – What Should You Look Out For

Is term Insurance Needed for People With No Dependents?

Term Plans are Definitely Cheaper than You Think!

Tips to Choose the Right Term Period for Term Insurance Plan

Gift Your Father A Term Insurance Plan This Father's Day

6 Types of Death not covered in Term Insurance Plan

Planning For Children's Future

Why Spending Time with Friends is Essential for Your Mental Health?

Why Buy Term Insurance Plan With a High Cover?

What are incremental term insurance plans?