Yes, you can — but full disclosure is a must!
A tragic case recently highlighted this: a claim was rejected because the deceased didn’t mention older policies while buying a new one. Even if the death was accidental and unrelated, insurers can reject claims if material facts are not disclosed, especially within the first 3 years of the policy.
📌 Under Section 45 of the Insurance Act, insurers have the right to investigate and reject claims due to misrepresentation if the policy is less than 3 years old.
Key Takeaways:
✔️ Disclose all existing policies during application
✔️ Understand your Human Life Value (HLV) – your total insurable limit
✔️ Keep documents and income proofs updated
✔️ Appeal if rejection seems unfair
🔍 Transparency is the best policy – your family’s future depends on it.
#LifeInsurance ,#FinancialPlanning ,#InsuranceAwareness ,#HLV ,#PersonalFinance ,#MintNews, #InsuranceClaims
