7 Types of Deaths Not Covered in Term Insurance

Buying a term insurance plan is not enough. There are multiple term insurance plans available in the market. Selecting term insurance is not enough, you must also know what can be the challenges that can arise at the time of raising the claims. You must know thoroughly about what kind of deaths are not covered in the claims. If you don't know about the same then the entire process of buying a term plan will be Wild Goose Chase. Once you know about the types of deaths not included in term plan then you can plan about the ways to manage it in advance. This can minimize the risk of claim rejection due to such deaths as well.

Deaths Not Covered in Term Plans
1. Death Due to Natural Calamities
If a policyholder dies due to the natural calamity like earthquakes, floods, etc then such deaths can't be considered for taking a claim. You must stay aware of the same and also keep the beneficiary updated. If nominee plans to take a claim in such a scenario then it will surely get rejected.
2. Death Due to Terrorist Attacks
If an insured dies due to terrorist attack than such deaths can't also be claimed by the beneficiary. Though a policyholder can't ensure to safeguard against such death they can always stay alert. You can try to avoid public places during national holidays where there are any chances of terrorist attacks. Read More