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Can Insurance companies reduce claim after 3 years ?

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19 May, 2021 by  Maulik Shah


If someone doesnt disclose full details / misses out knowingly or unknowingly - and over 3 years go by, Can the insurance company reduce to honour the claim ?

Asking since there seems to be a law that Insurance companies cannot refuse a claim after 3 years

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Term Life Insurance

1 Answer

20 May, 2021
CEO, Insurance Samadhan

Dear Maulik

Amendments Section 45 of Insurance Act specifies that insurance company can not reject claim after completion of full three years on the basis of non disclosure .

Please note that section 45 applies at date of policy commencement as well as policy reinstatement . Hence is necessary that policy holder pays all premium in time.


Insurance Samadhan

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