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Common Exclusions In Money Back Plans

Updated On Nov 25, 2021

The Money Back  Plan is an ideal solution for anyone looking for life insurance, long-term investment, and a continuous source of income all in one plan. Unlike other plans, the benefits are paid during the plan term, and the remaining Sum Assured amount, plus any additional incentives, is paid at maturity. If you die while the plan is active, the whole sum insured is paid to the policy's nominee, regardless of any already paid Survival Benefits. Due to its nature, the Money Back Plan differs from other current plans. We'll go through some of the most common exclusions in Money Back Insurance Plans in this post.

Common Exclusions in Money Back  Plans

The following are some of the most common exclusions for which insurance policies do not provide coverage:

1. Activity that puts one's life in jeopardy

Money Back Plans do not cover dangerous or adventurous activities because to the high risk of mortality associated with these activities, thus they will not be covered. Adventure activities include rock climbing, paragliding, hang gliding, skydiving, and other similar sports.

2. Pre-Existing Conditions

A death caused by a pre-existing sickness is neither covered or compensated under the Money Back Guarantee Policy. The policyholder has been in pain since the time they sought for coverage, or maybe even before. Cancer, HIV/AIDS, and a slew of other illnesses are all on the rise.

3. Suicide

In the event of a suicide death, a Money Back  life insurance policy does not provide coverage or compensation. The bulk of insurance policies do not cover this type of situation. Instead, if this occurs during the first two years of the policy's commencement, the nominee will not get a death benefit; but, depending on the terms and conditions of the policy, the nominee may receive up to 80% of the total premiums paid until death.

4. Participation In Criminal And Illegal Activities

Money Back Life insurance plans and other insurance policies purchased from any insurer do not cover the risk posed by illegal or criminal behaviour. Driving while inebriated, taking drugs, and getting wounded in a car accident while without wearing a seat belt are all examples of criminal behaviour.

5. War-Related Occurrences

Money Back Policy, like other insurance policies, does not cover or pay policyholders who die as a result of war or war-related acts. The applicant will not be covered by the policy's death benefits. This is a common exclusion in life insurance policies that used to be less common.


Taking into account the entire list of exclusions in the Money Back Life Insurance Policy. A money back policy is a type of insurance that financially protects your loved ones in the case of a calamity. As a result, each buyer should thoroughly analyse the terms and conditions, as well as the whole document, before purchasing a policy to determine what it offers and does not give. A Money Back Policy is ideal for risk-averse people who wish to save money while still preserving a high level of liquidity through insurance. In the unfortunate event of the insured's death, the insurance company pays the nominee the whole sum pledged, with no reduction in survivor benefits.

You may also like to read - Basic Money Back Plan Details You Must Know About

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.

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