Meaning: Causing or capable of causing harm. Context examples: too much sun is harmful to the skin / harmful effects of smoking. Similar: counterproductive (tending to hinder the achievement of a goal) damaging; detrimental; prejudicial; prejudicious ((sometimes followed by 'to') causing harm or injury) ill (resulting in suffering or adversity)
Definition of 'Exclusions'. Definition: Exclusions are the cases for which the insurance company does not provide coverage. These are the conditions excluded from the insured event to avoid losses to the company. Description: Life insurance contracts have certain specified provisions and clauses which have to be fulfilled so that the claim can be considered valid.
Graham explains there are two types of exclusions. There's an outright exclusion written into the life insurance policy that applies to everyone, and there's an exclusion option underwriters can use at their discretion if they don't like the risk or lack the data history to price it appropriately.