Kind of deaths not covered in term insurance

1. Accidental death under the influence of intoxication: Although a traditional term insurance plan offers coverage against accidental death, death under the influence of drugs or alcohol is completely excluded from this purview. This means that if the policy holder dies accidentally while under the influence of intoxicating substances, then the plan benefits stand automatically withdrawn.
2. Death due to suicide: In India, IRDAI (Insurance Regulatory and Development Authority of India) is the governing body for the insurance claims and their disbursal. As per the IRDAI guidelines, suicidal deaths have been separated into those that are covered under policies purchased before and after 1^st January, 2014. Under the established guidelines,

1. For policies that were purchased before 1^st January, 2014, no claim will be entertained if the policy holder commits suicide before completion of one year of the policy. Otherwise, the compensation will be handed out to the nominee(s).
2. For policies that have been purchased after 1^st January, 2014, 100% or full reimbursement of the claim will be made if the person commits suicide before completion of one year of the policy, in case of linked policies. For non-linked policies, a maximum of 80% will be compensated to the nominee(s).

1. Death involving homicide: If the policy holder dies due to homicide and one or several of the nominee(s) figures as a possible suspect, then the claim-compensation to that nominee(s) will stand rejected, until her/his innocence is established in a court of law.

HDFC Life offers various term insurance plans that are aimed at creating and sustaining a credible financial base for you and your loved ones. For details, click on the mentioned link: https://www.hdfclife.com/term-insurance-plans