Suicide Clause
Term Life Insurance
If the person covered under the policy commits suicide in the first 12 months from the date of commencement of the cover or revival, no claim is paid out and the policy is considered void.
The insurer will refund:
- 80% of the standard premiums paid till the date of suicide - in case of regular and limited pay policies
- 90% of the standard premiums paid till the date of suicide - in case of a single premium policy.