Insurance Claim: There are many reasons for life insurance claim to be rejected. This also includes non-disclosure of chronic diseases and existing policies, giving false business information. In case of general insurance, non-disclosure of past health problems also leads to claim rejection.
new Delhi. In order to avoid the financial burden amid the ever-increasing inflation, insurance has become a necessary part of life. Be it life insurance or health insurance or auto insurance, all of them give you financial security. This protection will be beneficial for you only if your claim is not rejected. Therefore, while buying any insurance, we have to take care of those important things so that the insurance claim does not get rejected.
Actually, insurance companies reject claims on small matters at the time of need. This not only causes a big setback to the policyholders but also increases unnecessary financial burden on them. To avoid this, you should take some precautions. If you keep some things in mind while buying insurance, then your claim will never be rejected.
Insurance consultant Manoj Jain says that there are many reasons for rejection of life insurance claim . This also includes non-disclosure of chronic diseases and existing policies, giving false business information. In case of general insurance, non-disclosure of past health problems also leads to claim rejection.
Keep these things in mind while buying a policy
- Buy the product only according to the need.
- Read the policy related brochures carefully.
- Answer all the questions correctly while filling the proposal form.
- Don’t get lured by offers like high returns, bonus, loan, gold coins. When in doubt, call the insurance company’s customer service and check.
- Buy an insurance policy from a trusted source or online.
- Answer all the questions correctly by listening carefully to the verification call from the insurer.
