login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
Download App
|

17. What are top reasons for decline of claims?

mahindra-finance-author

by Mahindra Finance

|

January 6, 2025

|

1 mins read

An insurer can decline a claim due to the following reasons:

  • Non-disclosure: if a person did not completely disclose any past or present medical condition or lifestyle habit, such as smoking or drinking
  • Claim Made in Waiting period: The person files a claim even though the waiting period is not over for the particular disease
  • Policy in Grace Period: If a person hasn’t renewed the policy before the expiry date, the policy enters a grace period, where the insurer isn’t liable to pay claims

Blog Category

Fixed Deposit Blogs Credit Score Blogs Used Car Loan Blogs Sme Loan Blogs Loan Against Vehicle Blogs Business Loan Blogs Machinery Loan Blogs Loan Against Property Blogs Mutual Funds Blogs Personal Loan Blogs Home Loan Blogs Commercial Vehicle Loan Blogs Car Loan Blogs Utility Vehicle Loan Blogs Tractor Loan Blogs

Recent Posts

Related articles

Personal-Loans-for-Higher-Education-in India-From-Dreams-to-Reality
Personal Loan Blogs

Personal Loans For Higher Education In India: From Dreams To Reality

Dreaming of a brighter future? Pursuing higher education is the first step towards realising your aspirations. Whether you want to study in India or abroad, the cost of education can often be a barrie...

KNOW MORE

July 5, 2024

Differences-Between-Gold-And-Fixed-Deposit
Fixed Deposit Blogs

Gold Vs FD : What Are The Differences

Investing wisely is essential to achieve financial stability and growth. When it comes to investment choices, gold vs FD (fixed deposit) are two popular options that cater to different financial objec...

KNOW MORE

July 2, 2024

How-to-Check-Your-Credit-Score-for-Free-A-Step-by-Step-Guide
Credit Score Blogs

How To Check Your Credit Score For Free: A Step-By-Step Guide

Introduction Are you planning to apply for a loan or a credit card? If so, then one of the key factors that lenders consider before approving your application is your credit score. Your credit score i...

KNOW MORE

July 10, 2024