What Is The Maximum Cover I Can Get Without Going For Physical Medicals?

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 Not Covered in Term Life Insurance?

Term life insurance typically does not cover suicides within the first one or two policy years (varies by insurer). Other exclusions may include death due to pre-existing medical conditions not disclosed during the application, involvement in criminal activities, or death as a result of certain high-risk activities.

What Does Term Life Insurance Not Cover?

Term life insurance typically does not cover the following:

• Suicide within the policy's initial years (usually the first 1-2 years).
• Death due to participation in hazardous activities not disclosed during application.
• Death outside the policy's term.
• Certain pre-existing medical conditions, depending on the policy terms.

Is Suicide Covered Under Term Life Insurance?

In most cases, term life insurance covers suicide, but there is usually a waiting period (typically 1-2 years) from the policy's start date. If the policyholder dies by suicide during this waiting period, the death benefit might be limited to a refund of premiums paid. After the waiting period, the policy typically covers suicide as well.

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.