Can you get a death claim on a lapsed life insurance policy? Here's what Consumer Commission says
· livemint.com
The Maharashtra State Consumer Disputes Redressal Commission rules that while a lapsed life insurance policy does not entitle nominees to a death benefit, fairness may still require insurers to refund premiums in exceptional circumstances.
If a life insurance policy lapses due to non-payment of premiums, the insurer can legally reject the death claim. But can the insurer also keep the premiums alr...