Do term insurance plans have exclusions?
Yes, term insurance plans do not cover suicidal death if such death occurs within a year of buying or reviving the policy. In case of suicidal death within a year of the policy, 80% of the premiums paid are refunded. On the other hand, in case of death within a year of policy revival, a higher than 80% of the premium paid or the surrender value (if any) would be paid.