Again AIC discovered that another insurance is incomplete. This time it is the Accident Insurance is known as Personal Accident, Keyman Policy & Group Accident, etc., that caught our attention. Those contacts are very risky and always ask for trouble when it comes to claims because of the very simple yet vital reason-EXCLUSIONS!
Like all other policies (Fire, CGL, etc.,) are basic contracts (for coverage) without the necessary clauses with extended coverage. Standard important exclusions are mostly as follows:
- Motorbike
- Mountaineering
- Scooter driving
- Scuba diving
- Polo playing
- Ice hockey
- Football
- Yachting
