Insurance: Woman dies 8 days after taking out insurance; family moves court and secures a claim worth lakhs
Life Insurance Claim: A woman passed away just eight days after purchasing a life insurance policy. Although the insurance company initially refused to settle the claim, a court ruling eventually awarded the family a payout of ₹20.25 lakh.
Life Insurance Claim: Can an insurance company refuse to pay a claim if the policyholder dies shortly after purchasing the policy? If you have ever wondered about this, you should definitely read this report. A case came to light involving a woman who passed away just eight days after her policy commenced. The insurance company subsequently rejected the claim. The matter reached the Consumer Commission, which ruled in favor of the family, ordering the insurance company to pay ₹20.25 lakh.
What is the full story?