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Including a nominee is very important while choosing a term insurance policy. Know who should be your nominee if you are planning to buy a term plan in India.
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Types of Death not covered in Term Insurance
Things to note what deaths are not covered in term insurance: • You can get life insurance through a term insurance policy for a set amount of time. If you are making plans for a short-term objective, it is most appropriate. • When choosing does term insurance cover accidental death plans? One should exercise caution because there are numerous provisions that could disqualify you from receiving the final payout. It's crucial to be aware of the types of deaths that term insurance does not cover
Deaths due to natural cause or health-related issues: Here are the types of death not covered in term insurance. • Death due to accidents. • Suicide • Death due to self-inflicted injuries • Death due to critical Illness • Death due to existing illness • Death due to intoxication • Homicide • Death due to natural calamity