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

Can Sole Proprietors Get A Business Loan?

Are you dreaming of starting your own business? As a sole proprietor in India, you may have concerns about financing your venture. But worry not! This article will explore how to get business loans in...

KNOW MORE

April 10, 2024

Mutual Funds Blogs

What are SIPs

What are systematic investment plans or SIP schemes? Here’s a brief overview of what they are, different types of SIP funds and benefits of investing in SIPs SIP schemes are one of the most popular ...

KNOW MORE

June 30, 2023

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

Can Sole Proprietors Get A Business Loan?

What are SIPs

How To Check Home Loan Eligibility?