I created this policy for testing e apliquei a um template:
{
    "policy": {
      "phases": {
        "hot": {
          "min_age": "0ms",
          "actions": {
            "set_priority": {
              "priority": 100
            }
          }
        },
        "delete": {
          "min_age": "60ms",
          "actions": {
            "delete": {}
          }
        }
      }
    }
}
However, the index is not being excluded. The return from /_ilm/explain shows:
{
  "indices": {
    "example-index-name": {
      "index": "example-index-name",
      "managed": true,
      "policy": "example-policy-name",
      "lifecycle_date_millis": 1590542282531,
      "age": "2.48m",
      "phase": "delete",
      "phase_time_millis": 1590542283687,
      "action": "delete",
      "action_time_millis": 1590542283687,
      "step": "wait-for-shard-history-leases",
      "step_time_millis": 1590542283687,
      "phase_execution": {
        "policy": "example-policy-name",
        "phase_definition": {
          "min_age": "60ms",
          "actions": {
            "delete": {}
          }
        },
        "version": 3,
        "modified_date_in_millis": 1590542258883
      }
    }
  }
}