Can I change my details if I have given incorrect details?
Yes, you can change your details. All you need to do is contact your relationship manager or the insurer through their helpdesk and inform them about the changes.
Some of the repercussions of providing incorrect details are,
olicy Denial: The insurance company may deny your policy application.
-Claim Rejection: They may reject your claim, leading to financial losses during medical emergencies.
-Policy Voidance: The insurance company may initially void the policy, treating it as if it never existed. This means you won't be able to claim any benefits, and premiums paid may be forfeited.
-Legal Consequences: Providing false information can have legal implications. It may be considered fraud, leading to legal actions against you.
-Loss of Premiums: You may lose the premiums paid if the policy is canceled due to incorrect information.