Insurance Claim: If you want that your insurance claim is not rejected, then you have to understand all the details related to it properly and be careful while buying the policy.
Insurance Claim: Be it life insurance or health and car insurance, the purpose of buying any insurance policy is to get the claim amount easily when needed. But sometimes it happens that the insurance claim gets rejected at the time of need. This is a big setback for the policy buyer. But if some precautions are taken, then this problem can be avoided.
Deepak Bhuvaneshwari Uniyal, Co-Founder and CEO of Insurance Samadhan, told FE Online that what are the things we should keep in mind before buying any insurance policy so that we do not face the problem of claim rejection at the time of need. Let us know how you can save your insurance claim from getting rejected.
HMA Agro will bring 480 crore IPO, documents filed with SEBI
What are the common reasons for claim rejection?
Talking about life insurance, the common reasons for rejection of claims include non-disclosure of pre-existing health problems, non-disclosure of existing policies, non-disclosure of habits like alcohol/smoking, giving wrong business information etc. . On the other hand, when it comes to general insurance, the common reasons for claim rejection are non-disclosure of pre-existing health problems, no active line of treatment, etc.
What are the immediate steps to be taken in case of claim rejection?
If an insurance company rejects your claim, then in this situation you can make a written complaint to the Grievance Cell of the company and tell them why you should pay the claim. Apart from this, complaints can also be made to IRDAI portal and Ombudsman.
Have an account in PPF, SSY or NPS? Get this work done before March 31, otherwise the account will be closed
What are the things to keep in mind while buying an insurance policy?
- The product should be bought according to the need.
- The brochure should be read carefully and all the things should be understood properly.
- Fill the proposal form and answer all the questions correctly.
- This is a very complex product so people generally do not read the details of the terms and conditions of the policy. Most of the insurance sellers also do not have a proper understanding of the product. Most of the insurance policies are bought on mutual trust.
- Don’t get lured by unbelievable offers like high returns, bonus, loan, gold coins. If in doubt, call the customer service of the insurance company and check.
- Buy an insurance policy from a known source or online medium after reading the brochure.
- Fill the proposal form and give all the details.
- Listen carefully to the verification call by the insurer and answer all the questions correctly.
(Article: Rajeev Kumar)
,