Introduction
Insurance policies are contracts between insurer and policyholder aimed at providing financial protection from specified risks and losses. These policies help manage various risks and ensure financial stability in various aspects of life. Insurance policies are of various types and include health insurance policy, life insurance, auto insurance, home insurance, personal accident policy, and so on. An individual can choose the type of coverage depending on their particular needs.
Can You Claim from Multiple Personal Accident Policies in a Year?
A personal accident policy comes under the broader medical insurance range that one can claim in the event of such an unfortunate incident. Furthermore, the benefits offered under these policies extend beyond medical requirements and take adequate care of other financial requirements. To further one's scope of availing a wide range of benefits, individuals can opt for multiple accident coverage policies depending on how they assess their requirements.
Typically, every personal accident insurance policy covers the following over and above medical liabilities:
- Accidental death cover
- Permanent disability cover
- Temporary total disability cover
- Permanent partial disability cover
Hence, the answer is in the affirmative to the query, “Can I claim multiple personal accident insurance?”
How to Claim Personal Accident Insurance from Multiple Insurers?
Holding multiple personal accident insurance policies endows individuals with more comprehensive coverage. However, a certain protocol needs to be followed while filing such claims.
Here's how you can rightfully claim your insurance from multiple insurers
- Cashless claims: This claim can be availed of at the network hospital, whereby you get a claim settlement summary after raising the claim. Approach your other insurer with this summary and hospital bills to settle the balance amount through reimbursement.
- Reimbursement claims: The reimbursement claim works even with your primary insurer if you do not receive treatment at in-network hospitals. Submit the required documents, most essentially bill receipts and prescriptions along with the claim form, and you should be able to recover those expenses.
Conclusion
Accident insurance plans are a great medium to insure yourself from future losses. And, for those grappling with the question, “Does personal accident insurance cover overseas?” the answer is a resounding yes! This dynamic feature makes purchasing at least one of such policies even more worthwhile. Ensure you read the documents carefully before you buy a policy while ascertaining all your worries will be addressed.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It is not intended as a substitute for professional advice, diagnosis, or treatment. Please consult your general physician or another certified medical professional for any questions regarding a medical condition. Relying on any information provided in this blog is solely at your own risk, and ICICI Lombard is not responsible for any effects or consequences resulting from the use of the information shared.