Mr jon (abc) 17 December 2015
Can Motor insurance company reject motor insurance claim for reason of incorrect declaring of the No claim made by customer in the previous policy?
As this can be used as a shield from refusing claim to customer who may not know the implication of NCB claim ?
how can this be challenged and refuted ? can this be taken up with consumer court ?
K.S.Srinivas (Advisor (HR)) 18 December 2015
If a customer fails to disclose (or misrepresents) a material fact and this induces the insurer to accept the proposed risk, the legal remedy is to "avoid" the policy. This means the insurer is entitled to treat the policy as though it never existed. Unless fraud is involved, the insurer will normally return the premium and will not pay out on any claim made under the policy.
T. Kalaiselvan, Advocate (Advocate) 26 December 2015
The contents of the Insurance company repudiating the claim to be seen for rendering proper opinion. You may consult a local advocate dealing with MACT cases.
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