I have recently purchased HDFC Life’s Click2Protect policy for a cover of rs.1 crore. The policy has been issued to me and I recieved the documents via Courier yesterday . HDFC Life has also sent a Physical Copy of the ‘Proposal Form’ as part of the Courier. But I have noted issues in the Proposal Form which is worrying me.
Since HDFC Click2PProtect is an Online plan , I had filled the ‘Proposal Form’ online .
While revieing the Physical Copy of the ‘Proposal Form’ couriered by HDFC Life , I noticed that value in few of the fields in the ‘Physical Proposal Form’ arent matching as per what I had filled in the ‘Online Proposal Form’.
To give examples ->
1) while filling the ‘Online Proposal Form’ , I had filled the below regarding my Father’s Medical history “Heart Related problems like Blood Pressure , Cholestrol , Diabetes. He has also had Heart Attack”
But in the ‘Physical Proposal Form’ provided to me by HDFC Life , the above value has been truncated to simply “Heart Related” . Its missing the other clarifications that I had made about my Father’s medical history.
2) Even for my Mother’s medical history , in the “Online Proposal Form” , I had filled value “Blood Pressure , Cholestrol , Diabetes” .
But the Physical copy of the Proposal Form only has truncated value “Blood”.
Although from my side , I have made all the needed clarifications when filling up the ‘Online Proposal Form’ but dont expect HDFC Life to retain soft copy of my ‘Online Proposal Form’ for the next 30 odd years .
Now per my understanding , at the time of a Claim only the Physical Copy of the Proposal Form is relevant .
I am feeling a bit worried that the truncation in the ‘Physical Online Form’ , regarding medical history of my Parents , “may/can” be used by HDFC Life to reject future Claims by my Nominee/Beneficiary . Is this is a valid Possibility ? Or am I unnecessarily getting uncomfortable on a trivial issue ? Would Section 45 of the Insurance Act help my beneficiary in such situations ?
Suggestions/Review please ?
P.S : I am a healthy individual and have duly undergone all the Medical Tests required by HDFC Life.The missing information on the Physical copy of the form concerns me only since my Beneficiary wont have visibility of the fact that from my side I have duly made all the needed clarifications in the Online form and I wont be around to argue in case of any conflict on this matter..:)