KEEPING INSURANCE HUMAN
back arrow Back

Term Insurance Rejected for non Disclosure

reply Share
01 Aug, 2021 by  Rayapu Ashok Kumar Reddy

Dear Team,


One of my family member died recently because of Covid-19. He has 1 Crore term insurance in HDFC life. He took policy in 2015.

He has diabetics but at the time of policy Proposal he did not disclose. So, the company rejected the claim. As i know after 3 years of policy inception no claim can be rejected as per Sec.45.


Can we Fight legally against the company?

like like
0

2 Answer

Post
02 Aug, 2021

Hi Ashok,


Firstly, Sorry for your loss.


To answer your question, Yes, under section 45, an insurer cannot reject the claim after the policy has completed 3 years. This is provided all premiums till the event of the policy holder's death were paid on time.


As per my knowledge this can be taken up with IRDA.


Hope this helps!

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

Dear Mr Reddy

Yes , you have full right to do it .

We , at Insurance Samadhan , guide all aggrieved customers

As per Section 45 , no claim can be repudiated after 3 years of policy continuity .


You can reach us through our website www.insurancesamadhan.com


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 🙂