THE LITMUS TEST of any insurance policy is when it comes to getting your claim. With term insurance, it is important to be even more careful about ensuring the claim doesn't get rejected. It is pertinent to know the reasons behind rejection of term insurance claims to avoid financial challenges for the surviving family members.
Overlooking the policy declaration rule Customers often miss the important policy declaration rule that requires them to disclose any current policies to the insurer. Not disclosing pre-existing policies can lead to claim rejection.
Nature of your work While people from all professions and backgrounds can apply for term insurance, a few professions involve high-risk activities. Failing to disclose such vital information can cause claim rejection if the insurer believes it was intentionally withheld.
Denne historien er fra December 16, 2024-utgaven av Financial Express Lucknow.
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Denne historien er fra December 16, 2024-utgaven av Financial Express Lucknow.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Film fest raises toast to women, Kerala hopes industry follows
WHEN SHE SET out to direct her first feature film, Adithya Baby had an army of university classmates as her cast and crew.
Maharashtra portfolios: CM keeps home; Pawar gets finance
MAHARASHTRA CHIEF MINISTER Devendra Fadnavis on Saturday allocated portfolios to his council of ministers, retaining the crucial Home department with him.
AAP rejects claims of nod to prosecute Kejriwal
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Congress but Indira Gandhi apologized and vowed that Emergency would never be repeated. A commemoration of 75 years of adoption of the Constitution in Parliament.
Shame and hypocrisy
What really nauseated me about the shenanigans in Parliament last week was the hypocrisy.
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