BENGALURU: We all have insurances of various kinds but are rarely bother as to how the process of claim settlement works. We rely too much on the insurance advisors and agents to do the needful for making sure we get the accurate insurance plan we are looking for and at the best possible cheapest premiums. You should always read the policy document carefully, and make sure that you understand your rights and obligations, according to advisorkhoj.com.

Here are some 7 possible reasons why your insurance claim can be rejected.

Misleading Information:

While taking a policy you are asked various questions starting from your income to lifestyle to family health details. Any information wrongly given at this stage is the basis of claim rejection in the future. Your premiums are based on the facts about your lifestyle and by giving faulty information you may save a few hundred or a thousand annually, but will always lose out in the long run.

Wrong Medical Information:

If you provide wrong medical information regarding any medical history you may have had or conceal any other information like hospitalization in the past or some hereditary disorder, this will lead to your insurance claim rejection in the future. Get one thing straight, any detail about your medical conditions or any pre-existing diseases should be provided to the insurer which also includes any material medical condition of your parents too.

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