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

Updated On Jun 29, 2021

Endowment plans are an optimal way to ensure financial security and independence in every scenario as they offer sum assured returns at the time of maturity along with additional benefits. Moreover, it also provides insurance coverage in case of any mishaps. One such unique and useful plan is offered by the Max Life endowment insurance plan and before you make your pick for your investment, let's take a fine look at the exclusions of this plan.

Common Exclusions Under Max Life Endowment Insurance Plans

The exclusions of the above-mentioned plan are as follows:

1. Suicide Exclusion

In case of the loss of life insured by means of suicide within one year of starting the effective coverage, the coverage under the policy will cease to exist. The policy is likely to come to an end, the company is only liable to pay the sum equivalent to the amount of premium(s) paid by the policyholder. There is no payment of additional interest by the company plus the company takes the cut of any expenses incurred by them. 

2. Participation in Civil Commotions And Rebellions

Any injuries sustained by participating in the acts of civil commotions do not fall under the coverage of the Max life endowment plan. The company won’t be liable for the death of the individual if it is proved to be influenced by the motives of spurring public unrest.

3. Loss of Life Resulting From Infringement Of Law 

In cases of death due to involvement in activities deemed illegal by the law, the company is not responsible for paying the death benefits to the beneficiaries of the policy. Violation of the law is a serious issue and is not covered under Max life insurance endowment plan.

4. Death From Specific Diseases

The company won’t be providing effective coverage if the death of the policyholder is from a positive result of an STD/ HIV  within five years of the date of commencement of the Max life endowment policy. The specifics of this are mentioned in the policy during the time of signing, therefore, it is important to note that for future reference.


It is extremely important to opt for a plan that caters to the specific needs of the investor. While availing of the benefits of a plan, it is also necessary to note the situations that might fall outside the realm of your insurance plan. Therefore, through this article, the investors are introduced to the exclusions under Max Life endowment plans to help guide them through the process.

Also Read: 

What Happens When An Endowment Policy Matures?

Does It Make Sense To Surrender An Endowment Policy?

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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