Multiple Health insurances

[bhavyakjain]

Hello

I already have a health insurance. I am considering taking a 2nd health insurance.

Rationale :
- Higher cover
- Reduced risk if waiting period of 3 years in 2nd policy
- Diversification of risk

My queries
- Is it legal ?
- At time of claim, how should I optimize for value ?
- How can I make optimal use of the combo ?
- Downsides of this combo ?

Feel free to add suggestions as well as thoughts in case I should know something I might not.

 

[Aravind P]

Good question you have asked

 

[Vasuki]

Hello

I already have a health insurance. I am considering taking a 2nd health insurance.

Rationale :
- Higher cover
- Reduced risk if waiting period of 3 years in 2nd policy
- Diversification of risk

My queries
- Is it legal ?
- At time of claim, how should I optimize for value ?
- How can I make optimal use of the combo ?
- Downsides of this combo ?

Feel free to add suggestions as well as thoughts in case I should know something I might not.

Already have guide on health insurance

2nd health insurance is legal
U can use cashless on one and reimbursement on other if u have higher expense than 1st cover which u used as cashless

 

[bhavyakjain]

Already have guide on health insurance

2nd health insurance is legal
U can use cashless on one and reimbursement on other if u have higher expense than 1st cover which u used as cashless

Could you please share link to that guide ?
Also, if any guide for term insurance, do share that as we please

 

[Vasuki]

Could you please share link to that guide ?
Also, if any guide for term insurance, do share that as we please

Thread 'GUIDE into buying your Health insurance'

Sep 2, 2024

It's not final edited because on laptop u can only see things in dark.
Will edit tomorrow asthetic

Will be making thread on most common reason for health insurance rejection/ partial rejection


Buying a health insurance has become a hectic task , because there is too many sub clause and sub limits added and as much as we are vulnerable while availing the health emergency , these company leach on those moments and save their money .

so before buying health insurance like any other thing you buy ,
make a list what do you need in your health insurance

questions like
is 5 lakh cover...

• Vasuki
• health insurance insurance
• Replies: 29
• Forum: Health Insurance

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[anujdit]

Hello

I already have a health insurance. I am considering taking a 2nd health insurance.

Rationale :
- Higher cover
- Reduced risk if waiting period of 3 years in 2nd policy
- Diversification of risk

My queries
- Is it legal ?
- At time of claim, how should I optimize for value ?
- How can I make optimal use of the combo ?
- Downsides of this combo ?

Feel free to add suggestions as well as thoughts in case I should know something I might not.

i already handled such scenario with my parents 2 policies. National and Oriemtal.
Claimed cashless with higher amount policy and then submit discharge papers, another company claim papers, claim acceptance etc to 2nd insurance company as reimbursement.
it is lengthy process and 2nd company always ask for more papers and documents.

Better to go for single higher covered policy. You can increase the insurance amount every year during renewal