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Common Exclusions Under Endowment Insurance Plans Offered By Exide Life Insurance

Updated On Jul 01, 2021

Endowment plans offered by Exide Life Insurance encourage saving while also ensuring that the policyholder will receive a lump sum payment regardless of whether or not the policyholder lives to maturity. 

The endowment plan's nature is essentially what makes it a profitable option in the Insurance market. It is a market-leading plan since it includes multiple benefits packed as one. In this article, we have brought to your attention, the area that does not fall under the jurisdiction of your Exide Life insurance endowment plan.

Common Exclusions Under Endowment Insurance Plans Offered By Exide Life Insurance

Given below are the conditions in which the death benefit will not be payable under this policy 

  • Participation In Unlawful Activities

The company will not be responsible for paying the death benefits to the policy beneficiaries if the death occurs as a result of participation in activities that are considered illegal by the law. Lawbreaking is a serious offence that is not covered by the Excide life insurance endowment plan.

  • Death Resulting From Atomic Energy Explosion 

Any casualties resulting from an atomic energy explosion or exposure to any radiation would not be covered under this policy.

  • Pre existing Diseases/ Injuries 

Death caused by a pre-existing ailment will not be covered under insurance protection of the exide endowment plan since the injury was incurred before the effective date of this policy

  • Suicide Exclusion

No Benefits under this Policy will be given if the Life Assured commits suicide, sane or not,  within one year of the date of acceptance of the revival of a lapsed Policy. If at least three full years' premiums have previously been paid in this case, the beneficiaries will get qualified to receive the surrender value from the Company. The corporation does not pay any further interest, and it also takes a portion of the profits.

  • Death Under The Influence of Narcotics

Death caused by narcotics or any other  psychotropic substance does not qualify for death benefits by the company. The beneficiary will not be entitled to the sum assured. However, the use of drugs under the direct supervision of a medical practitioner is an exception.

  • Association with Riots And War Like Operations

Any fatalities that occur as a result of participation in any illegal action, such as a riot, or mishaps that occur as a result of engagement in acts of civil commotions will not be covered under this policy.


It is considered crucial for an investor to take note of the exclusions under an insurance plan along with the benefits. It is strongly suggested to understand every aspect of the insurance policy to avoid any discomfort later and the above listicle will provide you an insight into the areas not reimbursed by exide life insurance endowment plan.

Also read 

Why Should I Buy Endowment Insurance Plans Online?

What Are The Common Exclusions Under Endowment Plans?

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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