Sentences with phrase «rejection in term insurance plans»

Not exact matches

However, is imperative to check the claim settlement ratio of the insurer before buying a term insurance plan in order to avoid rejection of claims in the time of need.

The death claim values are small in nature for savings plans and there are hardly any frauds because if someone indeed wanted to fraud the insurance company (which is a big reason for claims rejection), they would buy term insurance because it gives high life insurance cover with very low premium.

My question is arise when the company was new about the cancer in the proposal form we remark Yes.they issued the Term plan after knowing now the issue arise from the company with the rejection letter they have send the proposal form copy which is showing YES on cancer on health colum the company remark as No.and the company put statement had the correct medical history been disclosed in the proposal for insurance, the company would have declined the proposal upfront and the policy would not have been issued.