English
Hindi
Bengali
Marathi
Telugu
Tamil
Gujarati
Kannada
Odia
Malayalam
Punjabi

Download App

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

17. What are top reasons for decline of claims?

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

Tractor Loan Blogs

Tractor Financing Rates – How Much Do Tractor Loans Cost?

A tractor is a necessity to start and run an agricultural business. Though the markets are full of feature-packed and technologically advanced tractors, getting your hands on the tractor of your choic...

KNOW MORE

June 29, 2023

Car Loan Blogs

How does a car loan modification affect your credit score?

Are you wondering about how to increase your credit score? One way to achieve that is by considering a car loan modification. A car loan modification involves changing the terms of your loan agreement...

KNOW MORE

April 17, 2024

Personal Loan Blogs

Top 10 Mistakes To Avoid When Applying For A Personal Loan

Applying for a personal loan can be a convenient solution in times of financial need. However, it’s important to tread carefully and avoid certain mistakes that could lead to unnecessary financi...

KNOW MORE

August 26, 2024

Download App

17. What are top reasons for decline of claims?

Blog Category

Recent Posts

Related articles

Tractor Financing Rates – How Much Do Tractor Loans Cost?

How does a car loan modification affect your credit score?

Top 10 Mistakes To Avoid When Applying For A Personal Loan