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

Fixed Deposit Blogs

Retirement Planning for Women: FD For Long-Term Stability

Introduction Planning for retirement is crucial to ensure financial stability and a comfortable standard of living in the future. According to a recent survey, 62% of individuals earning between INR 5...

KNOW MORE

May 7, 2024

Car Loan Blogs

Why You Should Purchase A Used Vehicle Instead Of New

Owning a car, whether for personal or commercial use, is a practical necessity today. But buyers-to-be often wonder: should I buy a new or used car? Won’t a second-hand car be good enough? The s...

KNOW MORE

June 29, 2023

Fixed Deposit Blogs

AFinancial Wellness for Couples: Joint Fixed Deposits and Shared Investment Goals

When it comes to managing finances as a couple, finding the right strategy is crucial for a harmonious and secure future. One approach that offers numerous benefits is opening a joint FD account. In t...

KNOW MORE

March 4, 2024

Download App

17. What are top reasons for decline of claims?

Blog Category

Recent Posts

Related articles

Retirement Planning for Women: FD For Long-Term Stability

Why You Should Purchase A Used Vehicle Instead Of New

AFinancial Wellness for Couples: Joint Fixed Deposits and Shared Investment Goals