Hi,
I want to ask a question regarding the insurnace I have taken. Suppose I have taken multiple insurnace from multiple companies, and I also inform about all the in force policies to insurance company. So How much insurance can be claimed.
For example : Insurance policy with company A with sum assuraed 50 Lac, Insurance policy with company B with Sum Assured 25 Lac, Insurance policy with Company C with sum assured 10L.
So How much insurance can be claimed. is there any formula/way to calculate the total insurance can be claimed… Is it related to average monthly income with average year of person.
Thanks