Did you know your #LifeInsurance claim cannot be rejected after 3 years?
When you buy Life #Insurance, you have to make certain disclosures to the insurer. These include your age, income, policies you’ve already bought, and your current health condition and family history
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When you buy Life #Insurance, you have to make certain disclosures to the insurer. These include your age, income, policies you’ve already bought, and your current health condition and family history
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If any of these details are inaccurate, your claim can be rejected.
However, it can only be rejected within 3 years of buying the policy.
According to Section 45 of the Insurance Act, 1938, insurers only have 3 years to call the facts of a policy in question.
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However, it can only be rejected within 3 years of buying the policy.
According to Section 45 of the Insurance Act, 1938, insurers only have 3 years to call the facts of a policy in question.
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Post this, claims cannot be denied due to misrepresentation.
If a person was disclosed as a non-smoker in 2015, but passes away as a smoker in 2021, their claim cannot be rejected
Learn what your Term Insurance policy covers here: bit.ly/KYI-TI
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#BimaPeBharosa
If a person was disclosed as a non-smoker in 2015, but passes away as a smoker in 2021, their claim cannot be rejected
Learn what your Term Insurance policy covers here: bit.ly/KYI-TI
(3/3)
#BimaPeBharosa
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