Topic
How to avoid common mistakes and reduce risk of claim rejection.
Who proves fraud when an insurer rejects your claim? Section 45 puts the burden on the insurer — but only for fraud. Know the legal test, the 3-year limit, and how courts actually decide.
The 3-year contestability clock under Section 45 resets to zero if your policy lapses and is revived. Adding a rider starts a separate clock. Know when your protection begins.
Section 45 of the Insurance Act 1938 sets a 3-year limit on contesting life insurance policies. But fraud changes everything. Exact timelines, exceptions, and what courts have ruled.
Your family buys term insurance expecting that if the worst happens, the claim will be paid without hassle. In most cases, it is. Industry-wide claim settlement ratios in India are above 98%. But the remaining 1-2% of claims that get delayed, disputed, or denied are often caused by issues that were completely preventable. These are … Read more
Imagine your loved ones facing not only the grief of your loss but also the financial uncertainty due to complications in receiving your life insurance payout. Designating a nominee doesn’t always guarantee a smooth claim process. This article covers the common pitfalls and legal complexities that can cause nominee confusion, potentially delaying or even denying … Read more
Non-recognised hospitals can void your claim even when treatment is genuine. Always check NABH accreditation before admission. Disease misclassification by insurers can trigger exclusions you didn’t expect. Understand your policy’s exclusion list. Lapsed policies from missed premiums kill claims silently. Always confirm ECS/auto-debit payments are credited. Document errors like wrong hospital names or … Read more
