सेवा, सुरक्षा और समाधान

Insurance Proposal Rejected

If any information in the insurance application form is false, incorrect or undisclosed – it results in insurance proposal rejection. Some professions carry a higher degree of risk and danger than others and this make Insurance companies reluctant to approve policies for people working in what is considered a particularly hazardous occupation. Additionally , there are other common grounds for rejection also, namely – age, pre-existing diseases, income, filing up of incorrect details or non-disclosure of facts in the issuance form and other exclusions by Insurance companies. Whatever may be the cause, if your insurance proposal gets rejected, the Insurance company has to state the reason behind its rejection.
The applicant has to know the reason for the rejection of the insurance application thereby enabling a provision for a plausible rectification.
Complaint about Insurance company Complaint about Insurance company

While You Apply An insurer may reject your policy proposal/application on various grounds:

  • Declined on medical grounds
  • Declined on financial grounds
  • Declined basis risk category
  • Postponement of risk acceptance

Hold tight! A decline or postponement of an insurance policy, is not the end of road for risk mitigation. You may still be eligible.

We can guide you to get adequate cover by

  • Risk counseling
  • Negotiation with insurer to re-underwrite your risk
  • Advise on proper product/insurer who may be willing to underwrite your risk.