Common use of Suicide Exclusion Clause in Contracts

Suicide Exclusion. In case the insured member commits suicide whether sane or insane within 12 months from the policy commencement date or risk commencement date of the member, whichever is later, the nominee will receive 80% of the premiums paid in respect of the insured member. This clause will not be applicable during renewal of cover. Applicability of above mentioned suicide clause for different groups:  For employer employee group where participation for insurance cover is compulsory, suicide clause as stated above will not be applicable. In other words, claims resulting from suicide will be covered.  For employer employee group where participation for insurance cover is on a voluntary basis, suicide clause as stated above will be applicable.  For non-employer employee groups, suicide clause as stated above will be applicable.

Suicide Exclusion. In case the insured member commits suicide whether sane or insane within 12 months from the policy commencement date or risk commencement date of the member, whichever is later, the nominee will receive 80% of the premiums paid in respect of the insured member. This clause will not be applicable during renewal of cover. Applicability of above mentioned suicide clause for different groups:  • For employer employee group where participation for insurance cover is compulsory, suicide clause as stated above will not be applicable. In other words, claims resulting from suicide will be covered.  • For employer employee group where participation for insurance cover is on a voluntary basis, suicide clause as stated above will be applicable.  • For non-employer employee groups, suicide clause as stated above will be applicable.