Geopolitical situation is tensed up worldwide with Russia and Ukraine at loggerheads. There has been speculation and media coverage all around for a third world war which is worrisome to all. However, let’s understand what happens to your insurance cover in case of war like situation.
- If death of the insured occurs due to war, life insurance cover will be valid and claim will be paid by the insurance company. Only life insurance is covered during war.
- Insurance companies will not pay claims for Health Insurance/ Mediclaim covers in case of a war as injuries caused by war are not covered under insurance.
- If the insured holds personal accident (P.A.) cover and death happens due to war, no claim will be paid. Personal Accidental covers will not be valid in case of war accidents.
- During war a lot of devastation happens to public properties like airports/ railways/ dockyards/ roads and a lot others. No claim will be paid by insurance for all such damages caused by war.
- Even civilian properties, industries, cars, vehicles, factories, warehouses which are damaged/ smashed due to war will not be able to get their insurance claim as these are not covered during war scenario.
Now the question is why all these not covered during war. These are not covered from the time you have taken the insurance policies. The insurers clearly mention all these non-coverages in their terms and conditions.
