In a previous post, I had discussed various reasons or mistakes that can lead to rejection of insurance claims. Keeping those aspects in mind may decrease chances of claim repudiation. However, despite taking utmost care, claim repudiation may still happen. What if your insurance claim gets rejected? What will you do? Do you have any recourse? Yes, you do. You can approach … [Read more...] about What to do if Insurance Claim is rejected?
An excellent news for life insurance policy holders. No insurance company can deny your claim three years after issuance of life insurance policy. It does not matter if you hid any material information or committed fraud. The insurance company must pay. They have no recourse. The onus is on the insurance company find out any irregularity in the information shared within the … [Read more...] about Life Insurance Companies cannot reject insurance claim after 3 years