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What Are The Common Exclusions Under Max Life Unit Linked Insurance Plans?

Updated On Jul 19, 2021

The Max Life ulip plan combines protection and savings elements into a simple and customizable solution to meet your family's expected and unforeseen needs. This plan offers guaranteed returns as well as the flexibility to choose plan options based on the needs of the investors and make lump-sum payments for long-term income or whole-life insurance. Optional Riders are available for extra protection based on your needs. This plan offers a wide range of financial planning benefits to investors while maintaining the highest level of security.
We have compiled the exclusions under the Max Life unit plan in this post.

Common Exclusions Under Max Life ULIP Plans

Following are the events that would not be covered under ULIP plans offered by Max Life

1. Suicide Exclusion

If the Life Insured dies by suicide, whether sane or insane, within 12 months from the date of commencement of the policy or from the date of revival of the policy, as applicable, the nominee or beneficiary shall be entitled to the fund value, as available on the date of intimation of death. Furthermore, any charges recovered after the date of death, other than Fund Management Charges (FMC), would be added back to the fund value as of the date of intimation of death.

2. Pre-Existing Condition

Because death caused by a pre-existing sickness erroneously rigs the odds of receiving insurance benefits because the event is predicted, it will not be covered under insurance protection. In case the dreaded disease/ surgery occurs within the waiting period(90 to 180 days) of the policy issuance, depending upon the contract terms and conditions.

3. Self Inflicted Injuries

Any accidental injury, which occurs due to self inflicted injury does not qualify for coverage under Max Life ULIP plans. 

4. Involvement in Breach of Law

In case the life is sure is involved in any unlawful activity resulting in injury case where the injury occurred is not as per the policy terms and conditions. The firm is not liable 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 Max life insurance ULIP plans.


Max Life Insurance's ULIP plans have weaved a web of benefits around an investor's financial needs. It's a tempting plan that ensures your family's safety even after the policyholder passes away. As a result, it is critical to be aware of your insurance plan's exclusions ahead of time in order to reduce financial hardship in the event of unforeseen events.

Also read - Difference Between ULIP and SIP

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