English
Hindi
Bengali
Marathi
Telugu
Tamil
Gujarati
Kannada
Odia
Malayalam
Punjabi

Download App

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

Download App

|

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

Related articles

Understanding-Home-Loan-Processing-Fees

Home Loan Blogs

Understanding Home Loan Processing Fees

Owning a home is a dream for many, but the financial aspects can be overwhelming. One crucial aspect to understand is home loan processing fees. These charges cover administrative costs related to eva...

KNOW MORE

August 14, 2024

Personal Loan Blogs

How To Consolidate Debts With A Single Personal Loan?

Are you struggling to keep track of multiple loan EMIs? If so, it’s time to consider consolidating your debts with a single personal loan. This blog post will guide you through consolidati...

KNOW MORE

May 23, 2024

Fixed Deposit Blogs

What Happens if You Break Your FD: FD Breaking Charges

Fixed deposits (FDs) are a popular investment option in India due to their security and attractive returns. However, there may be instances where you need to break your FD before its maturity date. In...

KNOW MORE

February 29, 2024