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Can A Person Get More Than One Health Insurance Policy?

Written by : Knowledge centre

2024-08-02

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A policyholder can have multiple health insurance policies. However, you cannot claim the same expenses from multiple insurers.

An individual can use various health insurance policies for a single claim, such as an employer's group policy, a health policy, and top-up health insurance. A person can have multiple health insurance policies and can claim them from two different companies or different service providers. It is not limited to one.

Multiple health insurance policyholders have the choice to claim between several health insurance plans. If one policy claim is higher than the other one, the individual can opt between these two to get the best advantages.

Apart from this, when an individual buys multiple insurance plans, it lowers the premium costs. In addition, a person can also obtain maximum coverage during illnesses from several health insurance plans.

A common approach for a person to have two India insurance policies is obtaining the claims settlement summary. After that, one must obtain copies of the bills. An individual can now approach the second insurance company and ask for the remaining sum. The remaining sum is only paid after this whole process.

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The Pradhan Mantri Surakshit Matritva Abhiyan was launched by the Indian Ministry of Health & Family Welfare (MoHFW). On the ninth of every month, the programme seeks to provide all pregnant mothers with comprehensive, guaranteed, and high-quality prenatal care at no cost.

The amount guaranteed should be three to five times the husband's yearly income. You can, however, increase the amount if you believe the amount assured is insufficient to cover your costs.

A minimum of 30 days is required. The time between the conclusion of the first waiting period and the beginning of the coverage for maternal expenses is known as the ‘maternity cover waiting period.’ The typical duration of this phase is 6 years to 9 months.

A married man may acquire a term insurance policy and designate his wife as a nominee under the MWP Act. The wife is the only beneficiary listed in the policy if the insurance plan is obtained following this act.

For a widow, whole life insurance might be the best option. This kind of coverage provides the beneficiaries with a guaranteed death benefit and a level premium.