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

Business Loan Blogs

Credit Default Swap – Meaning, Features & Uses

Introduction Credit Default Swap (CDS) is a financial tool that provides protection against potential defaults and helps manage credit risk. Whether you’re an investor or a financial institution...

KNOW MORE

April 22, 2024

Fixed Deposit Blogs

5 Things To Know On Premature Withdrawal Of FD

Life is full of unexpected twists and turns. Circumstances can change in the blink of an eye, and we may find ourselves in need of funds before the maturity date of our fixed deposit (FD). If you are ...

KNOW MORE

March 5, 2024

Fixed Deposit Blogs

Mastering Financial Planning: A Guide To Using FD Calculators Effectively

Why use an FD interest rate calculator? Financial planning helps to secure our future and achieve our financial goals. One popular investment tool that can help us in this endeavour is a Fixed Deposit...

KNOW MORE

March 4, 2024

Download App

17. What are top reasons for decline of claims?

Blog Category

Recent Posts

Related articles

Credit Default Swap – Meaning, Features & Uses

5 Things To Know On Premature Withdrawal Of FD

Mastering Financial Planning: A Guide To Using FD Calculators Effectively