Companies in the insurance industry say that insurance is bought to protect against risk whether it is human error or something else.
Life Insurance Claim: We get insurance done only to provide security to the family after any untoward incident. But it is seen that often insurance companies reject the claim.
At the same time, in some cases, it has come to light that insurance companies pay compensation after deducting the claim amount. After all, why do insurance companies reject claims even in accident-like situations? Will the insurance company reject the claim if an accident occurs due to negligence or violation of rules?
The death of former Tata Sons chairman Cyrus Mistry in a road accident has raised several questions regarding insurance claims in accident cases. Let us know from the senior officials of insurance companies that what are the rules of insurance claim in case of accident?
Will the claim be rejected for not wearing the seat belt?
An insurance company official said, “If the unfortunate incident happens due to negligence, the insurance company is legally bound to honor the claim for damage to the vehicle.” He added that the rear passengers were wearing seat belts.
The claim cannot be rejected on the basis of whether or not. Pawanjit Singh Dhingra, joint managing director, Prudent Insurance Brokers, said, “Whether the person is wearing a seat belt or not is not the subject matter of the insurance contract.” Hence, a passenger injured or killed in an accident has the right to get a third party claim It happens.
Insurance benefits are also available on human errorÂ
Companies in the insurance industry say that insurance is bought to protect against risk whether it is human error or something else. The industry says that even in case of human error or violation of rules, full benefits of the insurance policy will continue to be available and claims for accidental death will continue to be accepted. However, the amount of compensation can be reduced in exceptional cases.
Accidents happen due to human negligence
Sanjay Dutta, Head (Risk Assessment & Claims), ICICI Lombard General Insurance Company, said, “Most accidents happen due to human negligence. Accidents caused by negligence on purchase of the policy also come under its ambit. Payment will be made when due. Apart from this, the risk to the people traveling in the vehicle also comes under the purview of the policy.
