If you say yes i smoke.. i drink and disclose the quantity of consumption you are safeguarding your life. Yes insurance company is not against tobacco or alcohol but if you don't disclose your personal habits your claim may be rejected. If you have disclosed the company might have charged an extra premium and issued the policy.Not only the personal habits but also your previous medical history is very much taken into consideration. Mostly non disclosure is not done intentionally the person who sells the product will fill up the application and ensures that the policy get issued fast and he gets his commission forgetting about the long term consequences of non disclosure of material facts. Why the sales person have to do this is because if you disclose that you have undergone a surgery last year before issuing the policy the medical test that has to be taken will be strict, will take more time. The company may ask to pay extra premium which is again tough for the sales man to go again and ask to cut a cheque.. So the next time you take a insurance don't forget to fill up the form in full by yourself and disclose everything with integrity. If not when need arise that is in your absence your loved ones will not be given the claim... so be cautious after all its your hard earned money honey!!
No comments:
Post a Comment