Exclusions Under Money Back Plans Offered By Bajaj Allianz Life Insurance

Every goal of Life requires proper planning, be it a big or small goal. Doing it to achieve your major milestones is a good practice. Life Insurance Product can help you make your big memories such as surprising your child with a new latest mobile, or giving your dependent parent the most expected gift like ensuring your parents to always celebrate their most prestigious day i.e. anniversary with you and your children, etc. 

Bajaj Allianz Cash Assure helps you plan your goals and make your big memories.  It offers guaranteed money back at continuous intervals. 
Bajaj Allianz Cash Assure is an instrumental tool for you which offers you saving plan as well as life coverage to your loved ones with financial security if something happens to you both during the policy tenure. It gives you more reasons to enjoy as you will have the required financial support for the occasion you plan. 

In this Article, we are going to discuss certain exclusions in detail which are not covered under the Bajaj Allianz Cash Assure Money Back Policy 

Exclusions under Bajaj Allianz Cash Assure Money Back Policy

There are certain exclusions as follows which are not included in the Bajaj Allianz Cash Assure Money Back Policy

1. Death from a pre-existing disability or disease

The Bajaj Allianz Cash Assure will not entertain any claim or coverage to the policyholder if the insurer does not reveal a pre-existing disability, diseases or injury that had effects or symptoms before the beginning or revival of the insurance policy. 

2. Murder of the insured by the nominee

The Insurance Company will not provide any death claim or coverage to the nominee if somehow nominee proved guilty by a court of law to be directly or indirectly involved in the murder of insurer. In this situation,the death claim shall be paid to the legal heirs of the insured.

3. Death under the influence of alcohol or drugs

Insurance Company will not entertain any claim or coverage if the insurer does not reveal about their habit of drinking and abusing drugs before the commencement of the policy and dies due to a road accident under the influence of alcohol or intoxicated substances the policy will not provide any claim. 

4. Death due to hazardous activity

Insurance Company will not provide any coverage or benefits if an insurer knowingly participates in an adventurous and dangerous activity. Adventurous Activities such as paragliding, skydiving, sports racing, water rafting, bungee jumping, and many more such activities or dies while taking part in an activity. 

5. Death during childbirth

Insurance Company will not provide any death claim or coverage if the female policyholder does not reveal about the pregnancy and dies during childbirth due to any form of complications 

6. Suicides

Insurance Company provides 80% of the premiums paid to the nominee of the policy in case the policyholder commits suicide within the 12 months of the policy after commencement or revival whichever is later in a non linked policy. In a linked plan and the insurer commits suicide within 12 months of policy commencement or revival whichever is later the nominee will receive 100% of  all the premiums paid. 

Conclusion

Bajaj Allianz Cash Assure is an insurance cum investment Money Back Policy that is basically to fulfill your and your loved ones financial needs during financial obstacles. By purchasing the policy you will enjoy certain benefits of liquidity and many other additional features such as policy loan, revival, grace period, etc throughout the tenure of the policy. You are highly to go through the documents of the policy carefully and give special focus to exclusions under the policy so that you can take a better and an ideal decision for yourselves and for your loved ones.

Also read - Why should I buy Money Back Insurance Plans online?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.