Life insurer denied Rs 1 crore death claim over earlier policy postponement on medical grounds; here's why family wins in state commission
· economictimes.indiatimes.com
A life insurance claim was rejected due to alleged non-disclosure of a prior proposal. The insurer failed to prove the policyholder knowingly concealed this information. The consumer commission ruled that insurers must prove conscious concealment, not just non-disclosure. Tata AIA Life Insurance was ordered to pay the Rs 1 crore death claim. This case highlights the need for insurers to provide evidence of deliberate suppression.
The policyholder died less than two years after taking the Rs 1 crore cover
Why did Tata AIA Life reject the Rs 1 crore death claim?
The family challenged the...