Under an amendment, insurers need to raise queries with policyholders in the first three years of existence of a policy. After that they will be under much greater pressure to honour claims and pay out quickly.
Scope for rejection
Financial planner K Naresh Kumar says: ‘This is welcome news for the policyholders as the scope for rejection of the claim is negligible post three year window.’ Source: The Hans India
Email your news and story ideas to: [email protected]
