Question

Under what conditions can an insured individual with multiple health policies seek claim settlements?

a.

Only if the insurer with the highest premium is approached for claim settlement.

b.

The insured can only make a claim under the first policy chosen.

c.

The insured has the right to choose any of his/her policies for claim settlement.

d.

The insured must exhaust the sum insured in the earlier chosen policy before seeking settlement under other policies.

Posted under IC38 Life Insurance Agent Exam

Answer: (c).The insured has the right to choose any of his/her policies for claim settlement. Explanation:An insured individual with multiple health policies has the right to choose any of his/her policies for claim settlement, and the insurer on whom the claim is made shall make the claim payment.

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