KEEPING INSURANCE HUMAN
back arrow Back

Max Term Policy Rejected

reply Share
02 Aug, 2021 by  Rushabh

Hello,


My sister just bought a policy of Max from Policybazaar with a cover of INR 1 crore in June of this year. Her age is 35. She had Covid in March'21 which was very mild. We disclosed all details before applying for the policy but still it got rejected. The reason they gave is that she contracted dengue previously which is very surprising because even in Dengue her symptoms were mild. What are the next steps we should take? Should we re-apply for a Max policy again?

like like
0
Term Life Insurance
Purchase

2 Answer

Post
02 Aug, 2021

Hi Rushabh,


Normally for such a rejection, insurer will tell a cooling period after which you can apply for policy again.


I would suggest that you post this question to Max and ask what is the time gap required between 2 proposal submissions. Basis that you can take next steps.


Anuj

like like
0
icon-comment 1 Comments
icon-reply Reply
02 Aug, 2021
Rushabh
like like
0
icon-reply Reply
02 Aug, 2021

Dear Rishabh

Mostly ,all Insurance companies are reviewing xases with Covid history and trying to reduce their term bucket .

I always believe in power of good agent . I recommend the following :

1. Represent case with clarity that covid was mild and details of medication take. . Same case history for Dengue .

2. Write a note about your sister , her occupation , habits , leave history , habits etc .

3. Apply for 50 lakh and for 20 years once this is accepted then you can seek addnl 50 lakh for longer term .

A good established agent has credibility and able to push such cases through interaction with underwriters .

Best wishes


Shailesh

Insurance Samadhan


like like
0
icon-comment 0 Comments
icon-reply Reply
Discover the best tips for insurance every week!

Beshak is not regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and does not have any alliance or association with any Insurance business.
© Copyright 2021 Beshak Solutions Pvt. Ltd. All Rights Reserved.

Disclaimer: The content on the website is purely for information purposes for the public at large, and does not constitute personal financial advice for a specific individual reader.
If you are reading this, it means you love reading the fine print. Why not get paid for what you love doing - Join us by writing to info@beshak.org now 🙂