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Occasional Contributor
shyamprasad
Posts: 11
Registered: ‎17-11-2016

multiple policies

Can I have multiple travel policies to the same destination?

1 ACCEPTED SOLUTION

Accepted Solutions
Frequent Contributor
N.Kumari
Posts: 123
Registered: ‎11-10-2021
Solution

Re: multiple policies

Hi,

 No. As insurance company pays out claim on indemnity basis, therefore having multiple policies for the same location is not useful. In the event the claim amount is higher than the sum insured, the individual can make a claim under other policy(ies).

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3 REPLIES 3
Contributor
vivekrawal
Posts: 39
Registered: ‎17-11-2016

Re: multiple policies

No, it is not permissible for an individual to have multiple policies for travel to the same destination.

Frequent Contributor
sneharaj
Posts: 80
Registered: ‎22-08-2016

Re: multiple policies

Though process-wise there is nothing to stop you from buying multiple policies for the same trip, it ie legally not allowed. Nor is it beneficial, because you can make only one claim for one mishap.

Frequent Contributor
N.Kumari
Posts: 123
Registered: ‎11-10-2021
Solution

Re: multiple policies

Hi,

 No. As insurance company pays out claim on indemnity basis, therefore having multiple policies for the same location is not useful. In the event the claim amount is higher than the sum insured, the individual can make a claim under other policy(ies).

View solution in original post