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What will happen if claim applied during claim period end date

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09 Aug, 2021 by  Maze Runner

What will happen if I apply for a claim which is about to expire, but still have a renewed policy.

Suppose if I raise a claim of 5L on current claim and only 2L benefit is left, can I claim the remaining 3L in the policy that is already renewed but the policy period is yet to begin?

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Health Insurance

2 Answer

10 Aug, 2021
CEO, Insurance Samadhan

Dear Maze

If I understand your question right then answer is no .

Insurance is a one year contract for a specific sum assured. If the insured event and expense have occured on a specific date then sum assured will be used as applicable on that date .

For example , you have sum assured of Rs 10 lakh and Rs 8 lakh have been used . Now you are left with Rs 2 lakh and you have expense of Rs 5 lakh in 12th month of policy . You will be able to claim only Rs 2 lakh and not Rs 5 lakh because applicable sum assured is Rs 2 lakh .

A fresh contract of Rs 10 lakh will begin from the date of renewal .

Hope this clarifies


Insurance Samadhan

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10 Aug, 2021
Co-founder, SureClaim

Hi there,

No you can't. If the date of admission falls in previous policy period, bills comes to 5L while only 2L is available SI, then 3L cost cannot be carried forward to next policy period.


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