Suicide exclusion period
A period at the start of a life policy during which a claim by suicide is not paid (premium refunded instead).
Definition
Most NZ life policies do not pay the death benefit if the insured dies by suicide within a defined initial period after policy start (often 13 months). Premiums paid in are typically refunded. After the exclusion period ends, suicide is covered the same as any other cause of death. Exact wording varies by insurer.
Related topic comparisons
Related condition matrix
See also
- Exclusion — A specific event or condition the policy will not pay out for.
Not personalised financial advice. Definitions are editorial framings of how the term is used across NZ life cover. Your specific policy wording is the authoritative source.