Common use of Exclusions for death cover Clause in Contracts

Exclusions for death cover. 10.2.1 In case the death of the Life Assured occurs as a result of one of the events listed hereafter, the liability of the Company shall be limited to the value of the Investment Accounts at the date of death: Suicide: Suicide of the Life Assured, whether he/she is sane or insane, within the first two years from the effective date or the reinstatement date of this Contract. Death Sentence: Execution of the Life Assured as a result of a judicial sentence for a criminal act he/she committed prior or within the first two years from the effective date or the reinstatement date of this Contract. War and Terrorism risks: Direct or indirect consequences of war, warlike operations (whether war is declared or not, conventional, biological, chemical or nuclear), invasion, acts of foreign enemies, hostilities, acts of terrorism, terrorist sabotage, rebellion, mutiny, riot, civil commotion, political or civil unrest, civil war, revolution, insurrection, military or usurped power, martial law, embargo, piracy, or any act committed by any person or persons for the purpose of overthrowing a government by violent force or to influence political decision making. Terrorism (suspected or proven) shall be understood to include the consequences of hostage taking, drive- by shootings, planting of bombs, and other forms of physical violence.

Appears in 4 contracts

Samples: www.sna.com.lb, General Conditions, www.allianz.com.lb

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