Read this news before getting accident insurance: HDFC rejects insurance claims of young people who die in road accidents, you may be surprised to know the reason

News Desk, Amar Ujala, New Delhi

Published by: Himanshu Mishra
Updated Saturday, 23 October 2021 04:40 PM IST

Summary

Rajiv Mehta of Delhi shared a letter from HDFC Bank on social media. In this letter, the reason for the rejection of the accidental claim on behalf of the bank is given.

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Symbolic photo
– Photo: Social Media

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If you are thinking of getting accident insurance which means accident insurance, be sure to read this news. HDFC Bank cites surprising reasons for rejecting accident insurance. The case is in the city of Ludhiana in Punjab. Harwansh Kaur, who lives here, claimed accident insurance after the death of his family members, which was rejected by the bank.

Rajiv Mehta of Delhi shared HDFC Bank’s letter on social media. In the letter, the bank stated the reason for rejecting Harwansh’s claim. According to the letter, the person who took out the insurance policy died in a road accident on 19 April 2020. At the time he was riding a 346cc bike. The bank says it is not covered by the claim. This is because the deceased was riding a 346cc bike at the time of the accident. According to the accident insurance regulations, the claim will not be paid in the event of an accident with a bike or scooter with a capacity of more than 150cc.

What is an accident insurance policy?

The person taking out an accident insurance policy, after accidental disability or death, receives a lump sum to his family. It provides financial assistance to the family of the insured person. Banking Sector Expert Prof. Prahlad explained that it is necessary to read all the terms and conditions before taking any policy. No policy should be taken without knowing the whole process.

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