Generally, people take insurance to protect their future, to avoid any kind of emergency and to deal with the possibility of accidents. Insurance policy is very important in such times. But when the situation worsens, when the time comes to clear the policy claim, then all kinds of hassles appear in it. At times it becomes too difficult and out of reach. We ourselves are the main reason for this.
In fact, when we take an insurance policy, we either hide many things about ourselves or do not tell it to the agent through which we take insurance. With this, according to his knowledge, he fills our insurance form which is called proposal form or proposal form.
The proposal form is the basis of all insurance contracts and forms part of the agreement between the insurer and the insured. It includes the personal details of the person insured, his insurance history and information related to the subject being insured.
There are many situations when we do not give all the information about ourselves when insured. Due to this many times our claim or claim gets rejected or denied during times of trouble.
One of the most common reasons for rejection of claim in life as well as health insurance is non-disclosure of conditions like hypertension, diabetes, thyroid, any kind of surgery etc. Usually the proposal form contains a list of 8-10 medical questions that need to be read and answered correctly. It is the duty of the proposer – ie the policyholder – to declare all information correctly.
If you want your claim to be cleared as soon as possible, then definitely give complete information about the previous policies at the time of insuring. Do not disclose habits like tobacco, smoking and alcohol. Even if you consume any or all of these occasionally, it is best to disclose it in the offer form.
Your profession is also important while applying for insurance cover. Generally, high risk insurance policies have higher premiums. Therefore, while taking such a policy, also clearly state what is your main business.