Long Term Insurance Act, 1998 (Act No. 52 of 1998)Policyholder Protection Rules (Long-term Insurance), 2017Chapter 3 : ProductsRule 2A : Microinsurance and Funeral Policy Product Standards2A.7 Exclusions |
| 2A.7.1 | A microinsurance policy underwritten under the funeral class of life insurance business as set out in Table 1 of Schedule 2 to the Insurance Act, or a funeral policy, may not impose any exclusion for a pre-existing health condition other than through a waiting period referred to in rule 2A.6.1. |
| 2A.7.2 | A microinsurance policy or a funeral policy may not impose any exclusion for suicide for a period that exceeds 12 months from the inception date of the policy. |
| 2A.7.3 | Limitation on exclusions for suicide as set out in rule 2A.7.2 applies regardless of whether a microinsurance policy or a funeral policy has been renewed during the 12 month period referred to in rule 2A.7.2. |
[Rule 2A.7 inserted by rule 6(c) of Notice No. 997, GG 41928, dated 28 September 2018]