Life Insurance Claims: Companies Cannot Deny After 3 Years, Know Legal Provisions
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Life Insurance Claims: Company Can't Reject After 3 Years! Know Your Rights
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News18•08-03-2026, 15:58
Life Insurance Claims: Company Can't Reject After 3 Years! Know Your Rights
•Section 45 of the Insurance Act, 1938, prevents life insurance companies from rejecting claims after 3 years due to concealment or misrepresentation.
•The 3-year period is counted from policy issuance, risk commencement, revival, or rider addition, whichever is later.
•Claims can still be rejected if *fraud* (intentional false information or concealment) is proven by the company, which must provide written reasons and evidence.
•During the initial three years, the insurance company has the right to investigate and reject claims for incorrect or incomplete information.
•Claim settlement ratio has significantly improved from 85% in 2014 to over 99% now, indicating most legitimate claims are approved.
