Ukraine crisis: Does your Indian life insurance policy cover you if stuck in war abroad?

• Life insurance policies cover deaths regardless of where they occur. As a result, deaths caused by the Ukraine crisis or other circumstances are covered by life insurance.
• The only exclusion that a term plan typically has is if the policyholder commits suicide during the first year of the policy.
• There are no other major exclusions that would prevent beneficiaries from receiving the life insurance cover benefit in the event of the death of a loved one in a Ukraine-style crisis. However, this does not imply that cover will be effective in all circumstances.
• The effectiveness of your life insurance policy in a Ukraine-like crisis will be determined by the residency status for which the policy is purchased, the nature of your overseas stay, the cause of death, and the type of insurance policy that you have purchased.
• If the policyholder dies with the same residency status as stated in the policy, the insurance coverage will continue to be valid. This is most common when staying for a short period of time. Natural death is generally covered for a short trip, regardless of where it occurs.
• If your residency status changes in the middle of a policy year, you must notify the insurance company to ensure that the effectiveness of your life insurance coverage is not jeopardized.
• If the death occurs in a war zone, personal accidental insurance may be ineffective. War, invasion, and hostilities are typically exclusions in a term plan, and in the event of a claim, one should consult with their life insurance company.