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Why You Need Multiple Insurance Plans?

By SiliconIndia   |   Wednesday, May 22, 2013
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1. Be Cautious about Claim Rejections

It’s always to be on the safer side to guard your insurance from rejection. You can avoid rejection of your insurance by providing right information about your health to your insurer and undergo frequent health check-ups.

Do not neglect if you feel that there are less chance of your insurance getting rejected, however it is important to consider that there are equal chances of your insurance claim getting rejected.

Jitendra Solanki, a New Delhi-based certified financial planner said that having a multiple policies are more beneficial than the individual policies that cover for a long period of time. He also went on to explain that if your claim gets rejected by one insurer and gets acceptance by the other, the entire sum is not lost. Infact, when such situation arises, you can even write to the company that has rejected your claim.

Also Read:
Incorrect Tax Withholding Most Frequent Payroll Error: E&Y
What Albert Einstein Wants To Teach You About Investing?

 

 


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