Common use of Multiple Policies Clause in Contracts

Multiple Policies. a. In case any Insured Member is covered under more than one indemnity insurance policies, with the Company or with other insurers, the Policyholder/Insured Member shall have the right to settle the Claim with any of the Company, provided that the Claim amount payable is up to the sum insured of such Policy.

Appears in 2 contracts

Samples: policyholder.gov.in, www.irdai.gov.in

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Multiple Policies. a. In case any Insured Member is covered under more than one indemnity insurance policies, with the Company or with other insurers, the Policyholder/Insured Member shall have the right to settle the Claim with any of the Company, provided that the Claim amount payable is up to the sum insured Coverage Amount of such Policy.

Appears in 2 contracts

Samples: policyholder.gov.in, www.irdai.gov.in

Multiple Policies. a. In case any Policyholder/Insured Member Person is covered under more than one indemnity insurance policies, with the Company or with other insurers, the Policyholder/Insured Member Person shall have the right to settle the Claim with any of the Company, provided that the Claim amount payable is up to the sum insured Sum Insured of such Policy.

Appears in 2 contracts

Samples: policyholder.gov.in, www.irdai.gov.in

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Multiple Policies. a. (a) In case any Insured Member is covered under more than one similar indemnity insurance policies, with the Company or with other insurers, the Policyholder/Insured Member Policyholder shall have the right to settle the Claim with any of the Company, provided that the Claim amount payable is up to the sum insured Sum Insured of such Policy.

Appears in 1 contract

Samples: policyholder.gov.in

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