I have a small query if I buy online term insurance plan from company by filling online form and questionnaire. On any unforeseen event, after what period company will not reject the claim citing the wrong disclosure.
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I have a small query if I buy online term insurance plan from company by filling online form and questionnaire. On any unforeseen event, after what period company will not reject the claim citing the wrong disclosure.
First question - why you want to fill in wrong disclosure?
Insurance company will take the signatures of yours in all the documents, even if they find after any unforeseen event that you have given the wrong information, they have complete right to reject. That's why thr claim settlement ratio is never 100%.
I advice don't ever hide anything from the insurance. Disclose them everything