Can we Claim Multiple Life Insurance?

POSTED BY Madhav2014 ON January 31, 2014 2:53 pm COMMENTS (2)

I have multiple life insurances covered like company 2L (group policy), SBI Saving Account free life insurance for 1Lakh, LIC – 3 Lakhs.. and few more. In case of any unexpected death of me.. can my nominee or parents claim all of these claims? or any restrictions?

2 replies on this article “Can we Claim Multiple Life Insurance?”

  1. divya.advisor says:
    February 2, 2014 at 12:23 pm

    Answer is YES. You have have 100s of policies and all can be claimed on death.

    Reply
  2. ashalanshu says:
    January 31, 2014 at 4:26 pm

    Dear Madhav, your nominnes or legal hiers can claim from all the life insurance policies, which are active on the date of death.

    Thanks

    Ashal

    Reply

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