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Moneylife » Personal Finance » Insurance » Insurance Claims: Can the insurers be trusted?

Insurance Claims: Can the insurers be trusted?

    • Vikas Sivaraman
    • Nagesh Kini
    • 2 comments

SD Israni | 16/08/2012 10:50 AM | 

Policyholders often have go to courts to receive their claims

 

In my previous article (Moneylife, 9 August 2012), I had stated that a contract of insurance is one of utmost trust and a proposer should truthfully make full disclosure. The corollary question that arises is: Do insurance companies also reciprocate the trust? Alas, the answer is that it is not always so; even if a policyholder faithfully follows all the conditions of a policy, a claim can be rejected on any ground the insurance company deems fit. After all, not for nothing is it said, “The easiest thing to get is ...

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