bs-preloader__icon
ru kz en

When life insurance companies refuse the claims on payments

Sometimes insurance company refuses its client. What is the reason for refusal? Refusal to make the payment under personal insurance contract is induced by the fact that clients hide their illnesses or sports, writes Forbes.
When life insurance companies refuse the claims on payments

The insurer also has the right to refuse insurance payment if the insurance event occurred before the start of contract or before the start of insurance period, or after the contract expiration.

Besides, life insurance companies refuse to pay when a person commits suicide. However, the refusals in this case are possible in case of deliberate committing suicide in order to get insurance payment by the beneficiary.

Use of alcohol, toxic substances, as well as narcotic, potent and psychotropic substances, medical preparations without doctor's prescription or prescribed by a doctor but exceeding dosage, or having medical procedures without doctor's prescription are also the reasons for claim denial (coverage amount).

Source: https://www.forbes.com/advisor/life-insurance/reasons-for-claim-denial/

Photos are from open sources.

Share
read also
The State Annuity Company paid up dividends
The State Annuity Company paid up dividends

The life insurance company State Annuity Company has summed up its financial results ...

Russia is actively offering an insurance policy for the early diagnosis and effective treatment of cancer
Russia is actively offering an insurance policy for the early diagnosis and effective treatment of cancer

And this is for the reason: cancer remains the second leading mortality cause in Russ...

Americans Care about Pets - Poll
Americans Care about Pets - Poll

US citizens worried about their pets’ future, indicate them as life insurance polic...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application