What Are The Common Exclusions Under Max Life Child Insurance Plans?

Being a parent your happiness depends on your child. The tremendous task for every parent is to fulfill their child's needs and finances during their lifetime. You do everything in your power to make your child happy and secure. Here, Child Insurance Plans come into rescue. 

Child Insurance Policy is a traditional Insurance policy. In the plan the child is insured and parents pay the premiums to make their child attain the maturity benefits which are needed to finance their educational expenses. To put all your fears away and to make you live your life with relax of mind, Max Life Insurance is a comprehensive solution which is specially designed for you and your loved ones at a very minimal price. Under this plan you have  the freedom to design your own plan that perfectly suits your protection requirements. 

In this article, we are going to share some exclusions which are not covered under the Max Life Child Insurance Policy. 

Exclusions of Max Life Child Insurance Plans

The coverage exclusions under the Max Life Child Insurance Plans are as follows -

• Alcohol or Taking of Drug in Large Proportion

  Max Life Child Insurance Policy does not entertain any benefit or coverage to the nominee if the policyholder dies due to the influence of drinking alcohol, solvent abuse, consumption of overdose of drugs or consumption of psychotropic substances without taking in accordance with lawful directions and the prescription prescribed by the Medictioners. 

• Suicide or Self -inflicted Injury

  Max Life Child Insurance Policy does not provide any death claim amount or life coverage to the nominee of the policy while the insurer is sane or insane if the death occurs of the policyholder after attempting suicide or due to self inflicted injury.

• Life-Threatening Activity 

  Engagement in dangerous and adventurous  activities are not included under Max Life Child Insurance Policy due to high life risk involved in these activities as a result they are not covered under such Child Plans. Adventure Activities include rock climbing, paragliding, hang gliding, skydiving, bungee jumping, underwater activities and more related activities.

• War Related Acts

  Max Life Child Insurance Policy does not provide any compensation or any death amount if the insurer dies due to involvement in war or war related activities. The plan will not generate any benefit to the nominee of the policy In case of involvement of the insurer in armed rebellion, strikes, insurrection, armed or unarmed truce, civil war, act of foreign enemy, etc.

• Participation in Criminal and Unlawful Acts 

  Max Life Child Insurance Plans and other insurance policies do not provide coverage or claim amount for the risk posed by participation in any criminal or illegal activities with criminal intent. Such criminal activities are like injury due to car accidents in which he/she was not wearing a seat belt or driving after drinking alcohol. 

• Nuclear Contamination

  Max Life Child Insurance Plans does not entertainment any benefit or life coverage to the policyholder in case of the explosive or dangerous nature of nuclear fuel materials or the property 
  contaminated by nuclear fuel materials or accidents occur from such above mentioned nature.

• Excluded Benefits Under Certain Disability

  Max Life Child Insurance Policy does not provide any coverage or disability benefits under disability due to post-traumatic stress disorder, psychiatric illnesses,chronic pain,chronic fatigue, and fibromyalgia. 

Conclusion

Max Life Child Insurance Policy works as a boon for you and for your child. Before going for a particular policy, go through the terms and conditions and most importantly the exclusions of the policy and choose the one who has the least number of exclusions. 

Must Read: Automate Your Children's Education Goals With These Investment Solutions

Things Parents Must Check While Buying A Child Plan

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.