Term Policy Rejection
A friend had applied for Term Plan with Max Life and was rejected(after initially informing premium revision) without stating any reason to him. He then initiated the process through Bajaj informing them beforehand about the previous case of Max Life. Bajaj team meanwhile reached out to him asking for rejection reasons by Max Life, he shared the Max policy application no. with them. Bajaj team informed that Max Life rejected the policy under "occupational risk" grounds. Now he received the update- Bajaj Allianz Life application no XXXXXX is postponed due to occupational risk till 30-OCT-21.
Surprisingly he is a marketing professional with no typical risks involved in the occupation. The only critical factor is his high BMI and over-weight.
Any suggestions on how to go forward?