EXCLUSIONS APPLICABLE TO SECTION Clause Samples
The "Exclusions Applicable to Section" clause defines specific situations, events, or types of losses that are not covered under a particular section of an agreement or insurance policy. In practice, this clause lists out exceptions such as damages resulting from intentional misconduct, pre-existing conditions, or certain high-risk activities, thereby clarifying the boundaries of coverage. Its core function is to clearly delineate the limits of responsibility or protection, preventing misunderstandings and managing the expectations of the parties involved.
EXCLUSIONS APPLICABLE TO SECTION. III
(a) The Insured Person’s termination, dismissal, temporary suspension or retrenchment from employment is due to dishonesty or fraud or poor performance on the part of the Insured Person or his willful violation of any rules of the employer or laws for the time being in force or any disciplinary action against the Insured Person by the employer.
(b) The Insured Person being self-employed;
(c) Any claim relating to unemployment from a job which is casual, temporary, seasonal or contractual in nature or any claim relating to an employee not on the direct rolls of the employer;
(d) Unemployment at the time of inception of the Policy Period or arising within first three months of inception of the Policy Period.
(e) The Insured Person’s termination, dismissal, temporary suspension or retrenchment from employment within 90 days of the commencement of the Policy Period.
(f) Any unemployment from a job under which no salary or any remuneration is provided to the Insured Person.
(g) Any suspension from employment on account of any pending enquiry being conducted by the employer/ Public Authority.
(h) Any unemployment due to resignation / retirement.
(i) Any unemployment due to non-confirmation of employment after or during such period under which the Insured Person was under probation.
a. Section I is a mandatory cover.
b. Section II and III are optional cover’s, where Section III can only be selected by Salaried Person’s opting for Credit linked policies.
c. Section I and Section II (a) shall always have same Sum Insured
EXCLUSIONS APPLICABLE TO SECTION. III
(a) The Insured Person’s termination, dismissal, temporary suspension or retrenchment from employment is due to any dishonesty or fraud or poor performance on the part of the Insured Person or his willful violation of any rules of the employer or laws for the time being in force or any disciplinary action against the Insured Person by the employer.
(i) The Insured Person being self-employed;
(ii) Any claim relating to unemployment from a job which is casual, temporary, seasonal or contractual in nature or any claim relating to an employee not on the direct rolls of the employer;
(iii) Any voluntary unemployment;
(iv) Unemployment at the time of inception of the Policy Period or arising within first three months of inception of the Policy Period.
(b) The Insured Person’s termination, dismissal, temporary suspension or retrenchment from employment within 90 days of the commencement of the Policy Period.
(c) Any unemployment from a job under which no salary or any remuneration is provided to the Insured Person.
(d) Any suspension from employment on account of any pending enquiry being conducted by the employer/Public Authority.
(e) Any unemployment due to resignation, retirement whether voluntary or otherwise.
(f) Any unemployment due to non-confirmation of employment after or during such period under which the Insured Person was under probation.
EXCLUSIONS APPLICABLE TO SECTION. A & SECTION B)
EXCLUSIONS APPLICABLE TO SECTION. II We shall not be liable to make any payment under this Policy directly or indirectly for/ caused by/ based upon/ arising out of or howsoever attributable to any of the following:
a) The Insured Person is operating or learning to operate any aircraft, or performing duties as a member of the crew on any aircraft, or Scheduled Airlines or is engaging in aviation or ballooning, or whilst the Insured Person is mounting into, or dismounting from or traveling in any balloon or aircraft other than as a passenger (fare paying or otherwise) in any Scheduled Airline anywhere in the world;
EXCLUSIONS APPLICABLE TO SECTION. 1 We shall not be liable for any:
EXCLUSIONS APPLICABLE TO SECTION. 1 ONLY
1. Money, Coins, Bullion, Deeds, Bonds, Securitiesandthelike.
2. Livestock, plants, explosivesandflammables
3. Loss of data records including but not limited to memory sticks, hard drives, CDs, DVDs and the like other than cost of blank data carrying materials
4. Ensuing or indirect losses resulting from or as a consequence of claims made for loss or damage arising from anInsured Peril.
5. Depreciation following repair or restoration of a damaged item
6. Any property which you are not permitted to store under the terms of the Licence Agreement
EXCLUSIONS APPLICABLE TO SECTION. We will not pay for claims in respect of: 1. Baggage delay not reported immediately upon discovery to the Scheduled Carrier;