Is death due to AIDS is a bar for claiming Life insurance benefits? Recently, on of our office staff affected with AIDS was admitted and died in a Government Hospital. Some well wishers(?) advised their family members that they can not get their Life Insurance benefits if the death certificate indicates AIDS as a disease. Hence he was discharged just before death. They took a certificate from a different doctor with cause of death as heart attack. Is it true? Is death due to AIDS or HIV+ve related deaths are excluded for purpose of preferring Life Insurance claims.
2007-06-16 19:31:49 · 5 answers · asked by Gopalakrishnan P 3 in Business & Finance ➔ Insurance
Unless the policy specifically excludes death from a particular cause, or pre-existing conditions were falsified when the insurance was applied for, the insurance should pay off.
Those "well-wishers" should have kept their mouths shut. Didn't the family have a tough enough time already losing their loved one?
2007-06-16 19:41:33 · answer #1 · answered by Judy 7 · 1⤊ 0⤋
if death due to AIDS then insurance companey could not pay any claim or u dont challenge insurance companey for claim and if death reason is heart attack then the insurance companey pay claim but the condittion is that he/she have not that kind of problum before policy. An insurance companeys does not cover HIV or AIDS.
Harpreet Singh Bajaj Allianz Life Insurance Pvt. Ltd. +919855407920
2007-06-17 20:30:45 · answer #2 · answered by preet 2 · 0⤊ 0⤋
Insurance company is labile to pay claims if person is fit at the time of opening policy.If person do not know that any serious disease is his body and if insurance company satisfy that at the time of commencing policy ,policy holder do not know abt decease insurance company pay the claim.
2007-06-17 15:50:20 · answer #3 · answered by ms 3 · 0⤊ 0⤋
If the death takes place within a year, and you had hidden any facts regarding your health then only the claim will be denied.
After 1 year the claim will be paid on death due to any reason including suicide.
for more to discuss on this please write to pnkmurthy@yahoo.com
P N KRISHNA MURTHY
CHENNAI,INDIA
2007-06-18 00:57:33 · answer #4 · answered by toknowmore 4 · 1⤊ 0⤋
The only reason the policy would not pay out is if there were a pre-existing condition clause, or they lied on the application. Period.
2007-06-17 08:41:21 · answer #5 · answered by JB1977 2 · 0⤊ 0⤋