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Multiple Term Insurance – Should I buy ?

Hello,

I have a LIC’s Anmol Jeevan Term Insurance with sum assured of 10 lakhs, now i would like to buy one more term insurance from pvt companies for sum assured of 50 lakhs, someone could suggest me, can i buy multiple policies from multiple companies??

I would like to first clear, why i purchased from LIC because if in case any private company reject my claim due to any reason then i may have another chance to claim thatswhy  i chosen to buy from multiple companies.

So please suggest me, am i going in right why as i am interested to buy one more term insurance from pvt companies for sum assured 50 lakhs.

 

Regards
Ramesh

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