Suicides are usually excluded under LIC pension plans. If the insured commits suicide and dies within a year of policy purchase, 80% of the premium paid is refunded. In case of suicides within a year of revival of a lapsed policy, higher of 80% of the premiums paid or the available surrender value is paid. However, under immediate annuity plans, there are no exclusions. In the case of suicidal death, 100% of the purchase price is refunded back.