Compliance Digest™’s Post

Presenting Suicide data across the years upto 2021 and segmental of suicide deaths for 2021: -> Suicide as a cause of death is accepted under life insurance and claims can be settled only if the suicide is post 12 months from the policy purchase date. Otherwise, 80% of the premiums are refunded. -> Suicide deaths have been on the increase with 12 deaths reported every 1 lac population. However, experts say a lot of suicides would have gone unreported and that the numbers and suicide rates could have gone up in 2022 as well. -> Profession-wise, daily-wage earners top the reported suicide numbers, followed by "others" & housewives. How can MoSPI tag housewife as a profession? The data can be interpreted or dissected in many forms, but it can be concluded that suicide deaths are on the rise with the growing urban unrest & population growth & rural agro crisis in rural areas. #suicide #lifeinsurance #insurance