17. What are top reasons for decline of claims?

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