“ सेवा, सुरक्षा और समाधान ”
“ सेवा, सुरक्षा और समाधान ”
Insurance Proposal Rejected
False, incorrect or undisclosed information in the insurance application results in insurance proposal rejection.
Not just that - professions carrying a higher degree of risk and danger than others 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
- 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.
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.
No one is uninsurable. One just needs to find one that suits their unique needs and like we promised, we are here for all insurance related issues. With our consultation services, we can help you through it.
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.
Frequently Asked Questions
What should I do if my insurance proposal is rejected?
If your insurance proposal is rejected, you can explore alternative coverage options or seek assistance from our expert insurance advisor to understand the reasons for rejection and identify potential solutions.
How can I improve my chances of approval for future insurance proposals?
To improve your chances of approval for future insurance proposals, it's essential to provide accurate and complete information on your application, maintain a healthy lifestyle, and proactively address any health or financial concerns. Additionally, working with an experienced insurance advisor can help you helm the application process and increase your chances of approval.
Can Bima Seva Kendra’s claim rejection services help with insurance proposal rejections ?
Bima Seva Kendra gives multiple services, including consultations and help about Insurance Proposal Rejections. Feel free to contact us for any consultation. Bima Seva Kendra can review the reasons for rejection, advise you on necessary documentation, and perform negotiations with the insurance company on the policyholders behalf to ensure a fair resolution.
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