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Splitting Large Term Insurance Cover Between Multiple Companies
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22 Mar, 2023
by Divij Sahani
If one is looking for a Term Insurance with Large Sum Insured, say 20 crores, does it make sense to split the cover between multiple insurers to diversify the risk of claim rejection?
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It does, although the premium would be little higher in total as compared to a single one with 20 Cr but redundancy is definitely better.
Although, do make sure to make then all right declarations in all policies to avoid scenario of claim rejection later.