Common use of EXCLUSIONS APPLICABLE TO SECTION Clause in Contracts

EXCLUSIONS APPLICABLE TO SECTION. III (a) The Insured Person’s termination, dismissal, temporary suspension or retrenchment from employment is due to dishonesty or fraud or poor performance on the part of the Insured Person or his willful violation of any rules of the employer or laws for the time being in force or any disciplinary action against the Insured Person by the employer. (b) The Insured Person being self-employed; (c) Any claim relating to unemployment from a job which is casual, temporary, seasonal or contractual in nature or any claim relating to an employee not on the direct rolls of the employer; (d) Unemployment at the time of inception of the Policy Period or arising within first three months of inception of the Policy Period. (e) The Insured Person’s termination, dismissal, temporary suspension or retrenchment from employment within 90 days of the commencement of the Policy Period. (f) Any unemployment from a job under which no salary or any remuneration is provided to the Insured Person. (g) Any suspension from employment on account of any pending enquiry being conducted by the employer/ Public Authority. (h) Any unemployment due to resignation / retirement. (i) Any unemployment due to non-confirmation of employment after or during such period under which the Insured Person was under probation. a. Section I is a mandatory cover. b. Section II and III are optional cover’s, where Section III can only be selected by Salaried Person’s opting for Credit linked policies. c. Section I and Section II (a) shall always have same Sum Insured

EXCLUSIONS APPLICABLE TO SECTION. IIIIII We shall not be liable to make any payment under this Policy directly or indirectly for, caused by, based upon, arising out of or howsoever attributable to any of the following: (a) The Insured Person’s termination, dismissal, termination or temporary suspension or retrenchment from employment is due to dishonesty or fraud or poor performance on the part of the Insured Person or his willful violation of any rules of the employer or laws for the time being in force or any disciplinary action against the Insured Person by the employer. (b) The Insured Person being self-employed; (c) Any claim relating to unemployment from a job which is casual, temporary, seasonal or contractual in nature or any claim relating to an employee not on the direct rolls of the employer; (d) Unemployment at the time of inception of the Policy Period or arising within first three months of inception of the Policy Period. (e) The Insured Person’s termination, dismissal, termination or temporary suspension or retrenchment from employment within 90 days of the commencement of the Policy Period. (f) Any unemployment from a job under which no salary or any remuneration is provided to the Insured Person. (g) Any suspension from employment on account of any pending enquiry being conducted by the employer/ Public Authority. (h) Any unemployment due to resignation / retirement. (i) Any unemployment due to non-confirmation of employment after or during such period under which the Insured Person was under probation. a. Section I is a mandatory cover. b. Section II and III are optional cover’s, where Section III can only be selected by Salaried Person’s opting for Credit linked policies. c. Section I and Section II (a) shall always have same Sum Insured