A life insurance policy is usually taken by someone to make sure that their family remains financially secure after the policyholder dies. But, what if the policyholder commits suicide? Will the policy's nominee get the sum assured? Committing suicide may not be considered as an event of uncertainty, so will a life insurance policy cover it?
In actuality, however, it all depends on the policy terms. Generally, it may not be covered in the initial years, but suicide is usually covered ..