If death of the insured under a life policy takes place within two years of its commencement, by way of suicide, will the beneficiary get a claim?
CS Professional · Insurance - Law and Practice · PYQS · June 2016
If death of the insured under a life policy takes place within two years of its commencement, by way of suicide, will the beneficiary get a claim?
Answer & Explanation:
If death occurs within certain period of time as mentioned in the policy document (generally 2 years) of taking a Life Insurance Policy, the beneficiary/nominee would receive the premium back but not the death benefit.
Topics: Life Insurance Claims
Related Questions in this Topic
- Sudhakar Gupta has taken a life insurance policy on his life on 7-2-2018 for ₹1 lakh. But to get the benefit of lesser a...
- Sudhakar Gupta has taken a life insurance policy on his life on 7-2-2018 for ₹1 lakh. But to get the benefit of lesser a...
- Sudhakar Gupta has taken a life insurance policy on his life on 7-2-2018 for ₹1 lakh. But to get the benefit of lesser a...
- Sudhakar Gupta has taken a life insurance policy on his life on 7-2-2018 for ₹1 lakh. But to get the benefit of lesser a...
- Can a disputed claim under a small value life policy (e.g. ₹2,000) be settled in a quick manner?