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Term insurance from two different companies
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15 Oct, 2021
by Shivanshu Zamdagni
Hi,
I would like to know whether it is ok to buy two term plan with different companies?
I already have a term plan with Aegon. Now, I am planning to expand my cover. Should I increase my cover with aegon itself or can i go for another company?
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Hi Shivanshu,
There is absolutely no problem with having multiple insurances from multiple insurance companies. Just keep in mind that you are disclosing all information correctly. Do ensure to disclose the details of your existing cover while applying for any fresh insurance coverage.
Regards
Krishnan