{"id":2713,"date":"2016-04-23T05:38:41","date_gmt":"2016-04-23T05:38:41","guid":{"rendered":"http:\/\/securenow.in\/blog\/?p=2713"},"modified":"2022-10-18T06:26:09","modified_gmt":"2022-10-18T06:26:09","slug":"two-insurance-policies-will-not-reimburse-for-the-same-expense","status":"publish","type":"post","link":"https:\/\/securenow.in\/insuropedia\/two-insurance-policies-will-not-reimburse-for-the-same-expense\/","title":{"rendered":"Two insurance policies will not reimburse for the same expense"},"content":{"rendered":"
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Published in Mint on\u00a0Apr 12 2016, Written by Abhishek Bondia<\/em>
\n 
\nCan I take a health insurance plan for my parents who are senior citizens? Are there any tax benefits that I can avail of if I pay the premiums for the insurance policy?<\/b>
\n\u2014Shalin Gupta<\/b>
\nYes, you can be a proposer for your parents\u2019 health insurance policy. If your parents are below 60 years of age, you can get a tax deduction up to Rs.<\/span>25,000.
\nIf they are older than 60 years, then the deduction eligibility increases to Rs.<\/span>30,000. This is in addition to the deduction allowed for your family\u2019s health insurance policy.
\nCan my insurer limit the number of claims I make in my motor insurance policy?<\/b>
\n\u2014Chris D\u2019Silva<\/b>
\nTypically, a motor insurance policy does not restrict the number of claims in a year.
\nHowever, in case of certain add-ons such as the zero depreciation cover, some insurance companies have limitations in their policies. They may allow two or three claims specifically for these add-ons.
\nDo children have to go through a medical check-up at the time of being included in a health insurance plan?<\/b>
\n\u2014Ganesh S.<\/b>
\nGenerally, most insurance companies would not require the child to undergo medical tests before issuing a plan. However, if the proposal form mentions a pre-existing condition for the child, then the insurer may ask for a medical check-up.
\nAt times, when the sum assured is high, the insurer may ask for a medical check-up based on its underwriting practice.
\nI am covered by my employer\u2019s group mediclaim policy<\/a>. Do I need to buy a separate cover? In case of a claim, will I get paid from both policies?<\/b>
\n\u2014Purnendu Singh<\/b>
\nI recommend having a health insurance cover over and above your employer\u2019s group mediclaim policy. This is useful if you switch jobs or if your employer changes the health insurance benefits.
\nAll individual insurance policies have a waiting period. Buying a policy early on helps you get past the waiting period hurdle. If you want to save premium, buy a top-up health insurance rather than a regular medical policy. A top-up comes with a deductible. Claims above the deductible amount are admissible in a top-up policy. Due to the deductible, the top-up policy premium is significantly cheaper than for a usual plan.
\nYou should keep in mind that two health insurance policies will not reimburse for the same expenditure. Health insurance policies, which are indemnity policies, do not allow the insured to claim more than their actual expenditure. However, in case the sum assured is used up in one policy, you can claim the remaining amount of the same claim from the second policy.
\nInsurers will ask for original bills and documents as proof for the payment by the other insurer to make sure that there is no double payment.
\n\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Published in Mint on\u00a0Apr 12 2016, Written by Abhishek Bondia   Can I take a health insurance plan for my parents who are senior citizens? Are there any tax benefits that I can avail of if I pay the premiums for the insurance policy? \u2014Shalin Gupta Yes, you can be a proposer for your parents\u2019 […]<\/p>\n","protected":false},"author":4,"featured_media":2469,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_lmt_disableupdate":"","_lmt_disable":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[319,323],"tags":[166,320],"class_list":["post-2713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","category-health-newsletter","tag-general-insurance","tag-critical-illness"],"acf":[],"modified_by":null,"_links":{"self":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts\/2713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/comments?post=2713"}],"version-history":[{"count":1,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts\/2713\/revisions"}],"predecessor-version":[{"id":14092,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts\/2713\/revisions\/14092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/media?parent=2713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/categories?post=2713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/tags?post=2713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}