February 17, 2013 10:48 pm
Can I have more than one term insurance? So what happens in case of my demise, would both the policies be maturing and my nominees receive the money?
Dear Bhavik, one can have multiple Term overs. At the time of claim, all covers ‘ll provide their own sum assured. thus your family ‘l receive the combined value.
Yes, one can have more than one term insurance from same as well as different companies. Also, the nominee would be receiving the sum assured for both the term insurance.
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