I am having two health insurance policies - one from Oriental and another from Sundaram. In case of claim what I should do? Is it worth having more number of health policies?
Ritika Ghai, Noida
In the case of claim, you will have to inform both the companies. If after their investigations, the claim is admissible under the policy, they would settle the claim in proportion of their respective sum insured. That is, in effect, you cannot take the advantage of full settlement from both the companies. Instead of going for a number of health insurance policies, it is advisable to take a higher amount of coverage from a single insurer only. This would save you a lot of trouble, in terms of policy renewals, claims and the paperwork involved in the same.
