Procedure for Health Insurance Claim from Multiple Policies.
Policyholders can have any number of health insurance plans.
However, they cannot claim reimbursement for the same expense from multiple insurers.
If one cover is not sufficient, the other cover can be used to cover the expenses.
Can I claim from 2 health insurance policies?
According to Medi-claim insurance rules, one cannot make claims with two insurance companies at the same time. If the claimed amount is higher than the sum insured under the policy on which he has first made the claim, the insured person can claim the balance amount from the second indemnity policy.
What happens if you have two health insurance plans?
Double coverage often means you’re paying for redundant coverage. If both plans have deductibles, you’ll have to pay both before coverage kicks in. You don’t get to choose which health plan is primary, meaning the one that pays first. You don’t get to choose which insurer will pay a certain claim.
How many times we can claim health insurance in a year?
Generally, there is no limit. Only limit is your Sum Insured. However, certain policies may put a ceiling on number of times you may take claim. Similarly, there may be a defined time period between two claims for same ailment.
Can I have 2 insurance policies?
It is legal to have two car insurance policies on the same vehicle. However, one insurance company will not insure the same car twice. You will have to purchase a second insurance policy with a different insurance carrier and pay both bills.