Is It Possible To Claim Health Insurance From Two Companies?

Health insurance is the type of insurance coverage that provides financial protection against medical expenses and healthcare costs. It helps you to manage the financial burden from diagnosis to cure, such as medical treatment, hospital stays, doctor visits, prescription medications, and other healthcare service costs.

Possessing multiple health insurance policies is advantageous while filing health insurance claims. So the answer to this question, can we use two mediclaim policies is 'Yes'. Let us understand how.

Can we Claim Medical Insurance from Two Companies?

Possessing multiple health insurance policies is advantageous while filing health insurance claims. So the answer to this question, can we use two mediclaim policies is 'Yes'.

Let us understand with Rahul's Story

Rahul is an IT guy who is working with an MNC, who provided him with health insurance of Rs 50 thousand coverage. He also had health insurance coverage of Rs 1 lakh, which he got 10 years back from company A. After a few years, Rahul was diagnosed with a critical illness and he had to undergo by surgery. The total cost of his medical procedure was around Rs 1.2 Lakh. Now what he will do is, he will claim his Rs 1 lakh from Company A, and after showing the documents and settlement certificate he will get another Rs 20k.

All in all, it gives us an increase in coverage, flexible claims, and a lot of savings. But, you also need to be aware of the guidelines and considerations:

It is important to openly communicate with both insurance providers about your coverage to avoid any misunderstanding. Keep in mind that when you have two insurance policies, you are double-secured with more comprehensive coverage.

How to Claim Medical Insurance from Two Companies?

Claiming medical insurance benefits from two different insurance companies, also known as dual insurance requires careful navigation to ensure a smooth process. Here is the step-by-step guide that can help you through the process:

Bottom Line

Always remember that each insurance company might have its procedures and requirements for dual insurance claims. So it is essential to communicate openly with both primary and secondary insurers and provide accurate information. Also, you need to keep all your documents organized to ensure a smooth and easy claim process.