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policy rejection after covid 19 detection

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16 Oct, 2020 by shashank k

Hello - I have heard that insurers have been rejecting new term life policies if the individual was detected Covid 19. My questions are :


  1. Is this true?
  2. If yes, what are the remedies?
  3. Can you name some specific insurers who are not rejecting new policies
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Term Life Insurance

1 Answer

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17 Oct, 2020
Team Beshak

Hello Shashank,


Yes, Insurers are currently flagging anyone who has a history of COVID19. Most insurers postpone their decision for 3-6 months before they consider your proposal - this means they would ask you to come back after 6 months of recovery from COVID19, helping them assess the risk better. In case there are any after effects like organ damage etc. in this 6 months period there are chances that the proposal may be again declined.


We therefore recommend people with financial dependents to not delay buying a term life cover, while you are healthy and safe.


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