Know about LIC Claims

9 REASONS TO REJECT YOUR LIFE INSURANCE CLAIM Life insurance is the best way to secure financial support for your loved ones in case of any unforeseen circumstances, but sometimes mistakes or ignorance on your part can lead to rejection of an insurance claim. While it's crucial that you choose an insurance plan that benefits in times of need, it is equally important that you know beforehand what instances can leave space for the rejection of insurance claim. Therefore, before you okay your insurance policy, go through these 9 situations that can put your insurance claim in jeopardy. Providing incorrect information If you give any misleading information -- like concealing medical history -- while buying an insurance policy, it could lead to the rejection of your claim. Smoking after buying policy The life insurance premium is higher for smokers as compared to non-smokers. If the insured starts smoking after subscribing to an insurance policy, the policyholder needs to make the insurance company aware of it, which may lead to an increase in premium payment. If the insured person fails to report about his changed health-related habit in time and develops a life-threatening disease, the company can decline the claim payment. Drunk driving If the insurance company finds out the insured person was driving under the influence of alcohol or drugs, which subsequently led to death, the company holds the right to reject the insurance claim. Breaking a law If the policyholder dies as a result of breaking a law or involvement in crime, the insurance company can reject the claim. Read more at http://starhealthdevarajan.com/news/543 for Insurance relatd Services U can always Call 9840177017 Devarajan www.licdevarajan.com