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Query regarding 2 Accidental policies
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26 Nov, 2021
by Rayapu Ashok Kumar Reddy
Dear Members
My Annual salary is 10 Lakhs. I want to take 1cr accidental policy.
In that I want to take 50 lakhs accidental policy in Health insurance company and another 50 lakhs in Life insurance company as a rider. Can i take 2 accidental policies just like term insurance policies upto the SI eligibe. Is it a problem at claim time if there are 2 accidental policies . What are IRDA guidelines. Kindly inform
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Hey Rayapu,
Hope you are well! As far as my knowledge goes, there are no restrictions imposed by IRDAI with respect to the purchase of accidental policies - whether standalone or as a rider. There are no distinct guidelines. Hence, you shouldn't face any problems at the time of claims.
Hope this helps.
Thanks!