search icon
linner
back arrow Back

Term Insurance after completion of 3 years

reply Share
30 Oct, 2022 by  Shubham Kajaria

If an insured person completes three years with the insurance company, does that mean insurance company have to pay without any question?

As per section 45 of Insurance Act, insurance policy shall not be called in question on any grounds after it completes 3 years.

Lets say if I hide the information that I smoke, and nothing happens with in three years, and if something happens after three years, will the insurance company liable to pay the claim?

like
0
Term Life Insurance

1 Answer

Post
connect with advisor

Concealing information in bad faith, fraud & non disclosure are grounds for rejection of claim even if your policy exceeds 3 yrs, if proven.

like
0
icon-comment 1 Comments
icon-reply Reply
connect with advisor
30 Oct, 2022
Shubham Kajaria
like
0
icon-reply Reply

Tired of dealing with call centers!

Get a professional advisor for life!

LIFETIME FREE

Rs. 1799

or