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

Car Loan Blogs

How To Check Your Vehicle Loan Status Online?

Have you taken a car loan? If yes, then you should periodically check your car loan status online so that you can get confirmation of payments, plan your financials, and understand how to use the oppo...

KNOW MORE

February 22, 2024

Car Loan Blogs

What Does A Zero Down Payment Car Loan Mean?

Dreaming of owning a car but worried about the hefty down payment? Well, worry no more! With zero down payment car loans, you can drive away with your dream car without breaking the bank. In this arti...

KNOW MORE

April 17, 2024

Home Loan Blogs

How To Check Home Loan Eligibility?

As a home buyer on the market, you may have many questions! Will I get a home loan quickly enough? Or what are the home loan eligibility criteria? These are very basic questions and you may know the ...

KNOW MORE

February 22, 2024

Download App

17. What are top reasons for decline of claims?

Blog Category

Recent Posts

Related articles

How To Check Your Vehicle Loan Status Online?

What Does A Zero Down Payment Car Loan Mean?

How To Check Home Loan Eligibility?