Hi Experts,
I have a few queries with respect to Accidental Insurance plan and critical illness plan
Accidental Insurance plan:
1 – Accidental death: I heard that there is cap of max amount of life insurance one can get ( approx 20-22 times annual income for persons upto 35 yrs)
So, does this cap include existing life insurance plans + group insurance cover given by employer / accidental death cover by employer and personal accidental death cover?
or the cap is only on cover bought by the person?
2 – As few accidental policies do not cover against terrorism (I feel it important as living in always targeted city of Mumbai), some have maximum sum assured which may be lower, also definitions of partial, temporary and total disablement are different. So, is it advisable to get 2-3 policies from different insurers? if yes, how the claim would be settled in case of disablement? in case of death, will family get sum from all the insurers completely?
Critical illness plan:
1. coverage of illnesses, waiting period, survival period, sum asured differ, also renewable age differs. So is it advisable to take 2-3 policies from different insurers?
2. As I am in good health, can I ask insurer to conduct medical test for which I will pay (even if they may not ask for it till particular age)? so as to help in handling claim dispute, if any