Multiple Policies a. If two or more policies are taken by an Insured during a period from one or more insurers, the contribution shall not be applicable where the cover/ benefit offered: o Is fixed in nature; o Does not have any relation to the treatment costs;
Multiple Policies. 1. In case of multiple policies taken by an insured person during a period from one or more insurers to indemnify treatment costs, the insured person shall have the right to require a settlement of his/her claim in terms of any of his/her policies. ln all such cases the insurer chosen by the insured person shall be obliged to settle the claim as long as the claim is within the limits of and according to the terms of the chosen policy.
Multiple Policies i. If two or more policies are taken by an Insured during a period from one or more insurers, the contribution clause shall not be applicable where the cover/ benefit offered:
Multiple Policies. (a) In case of multiple policies which provide fixed benefits, on the occurrence of the insured event in accordance with the terms and conditions of the policies, each insurer shall make the claim payments independent of payments received under other similar policies.
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.
Multiple Policies a. If two or more policies are taken by an Insured during a period from one or more insurers, the contribution shall not be applicable where the cover/ benefit offered: o Is fixed in nature; o Does not have any relation to the treatment costs; Page 7 Kotak Mahindra General Insurance Company Ltd., Kotak Health Super Top Up UIN: KOTHLIP18011V011718; Policy Wording
Multiple Policies. If two or more policies are taken by You during a period from Us or other Insurers to indemnify treatment costs, You shall have the right to require a settlement of Your claim in terms of any of Your policies.
Multiple Policies. More than one insurance policy may be required to comply with the insurance requirements. Signature. Please have an authorized representative of the insurance company manually sign the completed endorsement forms. Signatures must be originals, facsimile (rubber stamp, photocopy, etc.) or initialed signatures will not be accepted. Underwriter. The name and address of the insurance company underwriting the coverage must be noted on the endorsement form. In the case of syndicates or subscription policies, indicate lead underwriters or managing agent and attach a schedule of subscribers, including their percent participation. Document Reference. Include reference to the specific agreement (contract, lease, etc.) or indicate that all such agreements are covered. Coverage & Limits. The coverages and limits for each type of insurance are specified on the insurance requirement sheet. When coverage is on a scheduled basis, a separate sheet may be attached to the endorsement listing such scheduled locations, vehicles, etc., so covered. Excess Insurance. Endorsements to excess policies will be required when primary insurance is insufficient to comply with the requirements.
Multiple Policies. If two or more policies are taken by an insured during a period from one or more insurers to indemnify treatment costs, there will not be any contribution clause (Clause 20 mentioned above) and the insured can seek settlement of claim from any insurer. However if the amount claimed is in excess of Sum Insured under a single policy, after considering the deductible and/or co -pay, insured can seek settlement of claim as per his/ her choice but company shall settle the claim with contribution clause Claims Procedure
Multiple Policies. If this Policy and any other policy issued by the Company provide coverage for the same Claim, the maximum limit of liability under all the policies combined shall not exceed the highest remaining applicable limit of liability for the Claim under any one policy.
