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Having a sufficient amount of health insurance coverage is the very essence of a health insurance policies. Many individuals have realized this important nugget of wisdom and have gone ahead and bought multiple health insurance policies to supplement their existing cover. While their awareness and actions are praiseworthy, they feel confused at the time of claim. Despite having sufficient coverage amount, many don’t know how to claim their multiple policies. Do you know how? Insurance is a technical concept. While the plan features stump many, the claim process is not understood by almost everyone. In case of having multiple policies the confusion increases. If you also have multiple policies of health insurance but are clueless about the claim settlement process here is a complete lowdown on making a claim –

For multiple indemnity health plans

Indemnity health plans are those plans which pay for the actual expenses incurred on hospitalization. If you have multiple indemnity plans, you can make a claim on any one or more plan as per requirement. Let’s understand this with the help of an example:  Suppose, you have three plans A, B and C. The sum insured under these plans are Rs.2 lakhs, Rs.2.5 lakhs, and Rs.4 lakhs respectively. Let’s now understand the different scenarios –

Scenarios

Possible solutions

#1 – You incur a claim of Rs.1.5 lakhs

You can make a claim under any of the three policies as the claim amount is lower than the sum insured of all three.

#2 – You incur a claim of Rs.2 lakhs

You can, again, make a claim on any plan as the sum insured is either equal to or greater than Rs.2 lakhs

#3 – You incur a claim of Rs.3 lakhs

You can make a claim on Plan A for Rs.2 lakhs and the remainder can be met from Plan B or C. Alternatively, you can claim entirely from Plan C.

#4 – You incur a claim of Rs.5 lakhs

For this you would have to make multiple claims. You can claim from Plans A+B+C or B+C or C+A



The process is simple. Insurers require the original medical bills and reports and a discharge certificate. If you are claiming from multiple companies, you should submit the original documents to the first company and avail a Settlement Letter from it. This letter along with the self-attested copies of the documents should then be submitted to the other company for claim settlement. The process is also applicable if you have a group health plan and an independent indemnity plan.

For fixed-benefit health plans

Fixed benefit health insurance plans pay a fixed amount irrespective of the actual costs incurred. Some popular plans include critical illness plans, hospital cash plans, etc. If you have multiple fixed benefit plans, you can claim from each insurer. For instance, if you have two critical illness plans of Rs.2 lakhs and Rs.5 lakhs, you can get a benefit of Rs.7 lakhs if you are diagnosed with a covered illness and claim from both the plans.

Important points to remember
Though making claims from multiple policies is easy, there are some points which you should remember. These are as follows –

  • If you have a Group Mediclaim Policy, always make the first claim from it. This is because group plans do not have No Claim Bonus. Thus, when you make a claim you don’t lose out on the NCB in a group plan which is applicable to an independent health plan.
  • If any plan gives you benefit from a specified number of claim-free years, avoid making a claim from that plan if possible. You can avail such benefits if you don’t make a claim.
  • Compare the NCB feature of all plans you hold. The plan with the lowest NCB deduction in case of a claim should be preferred for making a claim.
  • Always furnish the details of your existing health insurance cover when buying new policies. This informs the insurer of your multiple plans and avoids any possible disputes at the time of a claim.
  • If your insurer does not pay your claim for specific health expenses you can get such disallowed claims settled with another insurer. Try approaching the other insurer for any claim excluded by the previous one.


So, having multiple health insurance plans is good if you want a complete settlement of your claims. The claim process is also easy. Educate yourself of the process and enjoy the benefits of having a comprehensive coverage through multiple policies.
When it comes to availing a life insurance policy, people with pre-existing ailments often worry about whether they’ll qualify for coverage, pass the medical test or be able to afford the premiums. While it’s true that the younger and healthier individuals get the best quotes, it is not impossible for those with chronic health problems to buy life insurance. The IRDAI defines pre-existing disease as “any condition, ailment or injury or related condition(s) for which the Insured Person had signs or symptoms, and / or were diagnosed, and / or received medical advice/ treatment, within 48 months prior to the first policy issued by the insurer and renewed continuously thereafter.” Now, a large percentage of the population have some or the other form of pre-existing diseases. Taking this into consideration, many life insurance providers have made their policies available to such individuals.

People with pre-existing ailments usually have to pay a little more in premiums for their life cover. This is mainly due to the increased risk taken by the companies in extending cover to people with health issues. Those suffering from diabetes, heart disease, kidney ailments, high blood pressure, obesity and high cholesterol are asked by life insurance providers to pay a higher premium for their policy. Insurance cover is usually denied to people with HIV/AIDS, liver failure, cancer, etc. It is important to note that life insurance companies cannot deny any claims for death due to cancer or other terminal conditions for existing policyholders. However, they may choose not to extend life covers to applicants who already have these conditions.

Having a pre-existing health condition should not stop one from applying for a life insurance plan. It offers the best means to keep the policyholder’s loved ones financially secure in the event that the individual is no more. As seen above, companies will be willing to extend a life cover to those with certain pre-existing conditions for a higher premium. Applicants should first make sure to compare the different life insurance policies available in the market and choose one that is both affordable and meets all of their needs.

Buying a health insurance policy for senior citizens should be carefully done as you would want them to give maximum coverage possible for their increased healthcare requirements. Keep the following points in mind while selecting a health insurance policy for senior citizens.
  • Know the medical history: While buying a health plan for your senior citizen parents or grandparents, it is crucial to know their medical history. However, it is possible that they too are unaware of prevailing medical conditions that they suffer from. In such cases, you should not rely solely on their knowledge of their health. It is always advisable to cross-verify their medical history before providing such details to the insurance company.
  • Compare and select a plan: In India, several health insurance companies offer numerous health insurance plans, specially designed for senior citizens. It is recommended to check some top health insurance plans and compare them side by side before making a final decision. Such comparison can be made on factors such as price, coverage, inclusions, exclusions, waiting period and riders.
  • Provide correct details: While buying senior citizen health insurance policy, fill in the relevant and right information. Incorrect information could cause a problem, and your policy application and claim might get rejected.
  • Do a medical check-up: The policyholder may have to undergo a pre-medical test after submitting the proposal form. The insurance company will then verify the information provided in the policy application form and the medical condition of the applicant. Depending on the health of the applicant, a few medical tests may be conducted by the doctors. These tests may include sugar, urinal test, blood test, kidney and liver function, etc. It is important to note that not all insurance companies require a pre-medical screening of applicants.


COVID has taken the world by storm and there doesn’t seem to be an end to it anywhere in the near future. India continues to be severely affected by COVID as well.

Term insurance is the most affordable way to enhance financial security for you and your family.

It ascertains financial stability for your doted ones, in case of an unfortunate event and it gives you an option to cover yourself from critical illnesses like heart diseases, cancer etc. if they ever strike.

The term insurance policies being offered in India are currently at one of the lowest rates across the world.

Need for Term Insurance

The need for financial stability is of paramount importance right now and hence not many people would want to conserve as much cash as possible. But it is one of the best times to purchase one of the most essential products of all: A TERM INSURANCE PLAN.

Term plans are life insurance policies that safeguard your life for a fixed number of years. On the off chance that you are missing when the policy is still in force, at that point the advantages of the policy are given to your immediate family members. In particular, the term insurance nominee gets the advantages of the arrangement.

The upside of taking the term plan is that it pays an attractive entirely guaranteed Sum Insured while having low premiums. When funds are straightforward and you don’t wish to spend a lot on a costly life plan, a term insurance plan is a decent instrument in your budgetary ammunition stockpile.

Benefits To Family

The term plan sum assured is ordinarily in the scope of Rs 1 crore or more. This is a sizable sum of cash that can help your family tide over the money related loss of your non availability. Indeed, even without your salary coming in routinely, they can proceed with their everyday lives. You can purchase the online term protection plan today from an insurer, and have significant serenity realizing that your family is secured against:

  1. Costs of daily household costs
  2. Children’s Education Costs
  3. Children’s wedding costs
  4. Spouse Support
  5. Unpaid debts
  6. Emergency clinical expenses
  7. Future costly buys like a vehicle, second house, and so forth.

Desperate Times Require Foolproof Preparation

  1. While you Work from home and ponder over your daily life, life insurance can be bought sitting at home with a click of a button. Before buying the plan a solid research is required regarding the features and benefits of the plan
  2. Read the product brochure of all the plans very carefully. Check the benefits, payouts, premium waiver riders, claims process etc. very thoroughly
  3. Do take note that the term plan chosen should fundamentally be a family member, for example, life partner, parent or child. You can’t name a companion or disconnected outsider to get the advantages. While picking a candidate, do guarantee that the picked individual can utilize the term plan cash prudently for what’s to come.
  4. Explain to the grown-ups in the house – life partner, guardians, youngsters beyond 18 years old years – your purposes behind purchasing the term plan in the setting of COVID-19. Likewise clarify the claims procedure and how to file for the sum assured on the off chance that you are missing later on.
  5. You can purchase the term protection plan on the web and download the policy document (a physical duplicate will be sent to your living arrangement) for your records. Keep these documents securely and guarantee that in any event one family member knows where the documents are kept so claims can be documented in the correct time period.
Please mark all your queries / responses to
Information provided on this newsletter has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions. and its affiliates, information providers or content providers, shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this newsletter, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information. , its affiliates, information providers and content providers shall have no liability for investment decisions or other actions taken or made by you based on the information provided on this newsletter.