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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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25 Mar, 2023
Udit Jain

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.

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