Read the contract.
Most Life Insurance policies do NOT pay out for suicide. Some do, but only after a pre-defined period (I.E. after 10 years of having the policy in force). I've never seen one that does not exclude suicide.
Suicidal deaths do not come under the purview of life insurance policies any where in the world.
Suicidal acts do not come under the purview of life insurance policy benefits.
No insurance company in the world will provide life coverage for your 95 year old mom. Since mortality rate at this age is beyond the purview of life insurance, she will not be entitled to get fresh life policy in her name.
Suicidal for Life was created in 1919-10.
No life insurer makes payment against suicidal death. Hence, the question of cashing in after a suicide does not arise at all.
Obviously Aviva Life Insurance is under IRDA when they are doing business in India.
In this era of uncertainty, remaining uninsured is suicidal. It's in your own interest and for protecting your family against any eventuality,that you should must have a life insurance and a medical insurance policy at the least.
Generally no life insurer entertains payment against suicidal death.Hope, this will clear any ambiguity in this regard.
In India, LIC of India sells health policy viz., Jeevan Arogya. But technically, health insurance policy comes within the purview of general insurance. Star Health & Allied Insurance Co.Ltd. in the general insurance sectors sells only Health insurance polcies.
Anybody under the age of 85 can apply for standard life insurance.
general insurance and life insurance 'Professional Indemnity' under General Insurance.
As it happens, I used to work in the insurance industry so I am familiar with this question. Life insurance policies typically have a clause that invalidates a claim if the insured commits suicide within a year of the date when the policy was purchased, but if you have had that insurance policy for a year or longer, then it remains valid even in the event of suicide. The concept behind this is that insurance companies don't want suicidal people (or their relatives) to buy life insurance policies to make the suicide more profitable. But if you bought your policy in good faith,, and the insured only subsequently became suicidal, then that is a death which deserves to be covered by the policy.