A policy which has run for 8 years can be called into question if there is a_________

Solution (By Examveda Team)

Life insurers cannot reject claims made on policies that are over three years old. Life insurance companies must compulsorily pay all claims made three years after the date of commencement of a policy, according to a recent clarification issued by the sector regulator. No exceptions allowed. If there is fraud, mis-statement or non-disclosure by the policyholder, the insurance company may discover and act on it within the three-year deadline. After that, the policy cannot be called into question.