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General Exclusions in a Money Back Policy

Published On Feb 25, 2022

A Money Back insurance pays out a percentage of the cash promised to the life assured in monthly payments after a set length of time has passed after the investment. These investment options are chosen by people to help them develop and conserve money for significant purchases, pre-planned goals, financial stability, and the protection of at least a portion of their assets. This technique is popular among individuals who want to save for retirement, those who have short-term goals and need to spend quickly, and those who want to invest in equities to protect their assets. Money Back comes with a slew of features that could help you achieve your financial goals, save and increase your money, and plan for life's big events and responsibilities.

General Exclusions in Money-Back Plans 

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

1. Engaging in an activity that jeopardizes one's life

Money Back Plans do not cover risky and adventurous activities due to the considerable risk of death associated with them. Only a few examples include rock climbing, paragliding, hang gliding, skydiving, and other adventure sports.

2. Pre-Existing Conditions

A death caused by a pre-existing sickness is neither covered or compensated under the Money Back Guarantee Policy. Since acquiring coverage, or possibly even before that, the policyholder has been in excruciating pain. Cancer, HIV/AIDS, and a variety of other diseases are becoming more common.

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 exclude instances like this from coverage. Instead, if this occurs within the first two years of the policy's inception, the nominee will not be entitled to a death benefit but may be entitled to up to 80% of the total premiums paid until death, depending on the policy's terms and conditions.

4. Participation In Criminal And Illegal Activities

Money-back assurances Life insurance plans and other insurance policies purchased from any insurer do not cover the risk posed by illegal or criminal action. Driving while inebriated, using drugs, and getting wounded in a car accident while not wearing a seat belt are all examples of criminal activity.

5. Occurrences Relating to War

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


Consider the entire list of exclusions in the Money Back Life Insurance Policy. A Money-Back policy is a type of insurance that financially safeguards your loved ones in the event of a calamity. As a result, before purchasing a policy, each buyer should carefully read the terms and conditions, as well as the entire document, to establish what it covers and what it does not. A Money Back Policy is for risk-averse people who want to save money while yet having a high level of liquidity through insurance.

Also Read: Learn Everything About Money Back 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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