login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

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

phone
Download App
|

17. What are top reasons for decline of claims?

mahindra-finance-author

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

Blog Category

Fixed Deposit Blogs Credit Score Blogs Used Car Loan Blogs Sme Loan Blogs Loan Against Vehicle Blogs Business Loan Blogs Machinery Loan Blogs Loan Against Property Blogs Mutual Funds Blogs Personal Loan Blogs Home Loan Blogs Commercial Vehicle Loan Blogs Car Loan Blogs Utility Vehicle Loan Blogs Tractor Loan Blogs

Recent Posts

Related articles

Tractor Loan Blogs

Top Swaraj Series Tractors Currently Available In India 2022

When it comes to tractors, Swaraj is one of the most trustworthy and oldest brands in India. The company has been in the tractor business for decades and currently offers...

KNOW MORE

June 29, 2023

Mutual Funds Blogs

Five Reasons to Start an SIP Right Now

SIPs are a tool that can help you invest a specific amount regularly in mutual funds over a period of time. Here are top 5 reasons to start an SIP now! An SIP is one of the most popular forms of mutua...

KNOW MORE

June 30, 2023

Fixed Deposit Blogs

Mutual fund vs fixed deposit: Differences you should know

Are you wondering where to park your hard-earned savings? Fixed Deposits (FDs) and Mutual Funds (MFs) are two prominent choices for you in the investment arena, and understanding the nuances of FD vs ...

KNOW MORE

February 7, 2024