A term insurance plan offers you a life coverage. You make the premium payments on time and in return your insurer offers a financial security to your family in form of a sum assured on your demise.You definitely wouldnot wish to see your beloved family members to run from pillar to post for getting the term insurance claim settlement done. This article will highlight top 5 reasons why your insurer may reject the claim approval.
Sadly, you won’t be around during the claim settlement process. Your beneficiaries would have to do the running about. Therefore, inorder to ensure that you pull the right chords, it is necessary to keep the following things on mind.
Usually, a term insurance claim would be rejected on the below grounds:
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