In the insurance industry, there are different regulations for different types of insurance in terms of claims, and some plans can make duplicate claims, while others cannot. Below I will explain the critical illness insurance, life insurance, medical insurance, and accident insurance respectively.
1.Critical illness insurance and life insurance can be combined to pay out:
For example, if you purchase critical illness insurance with an amount of 500,000 yuan each for Kanghuibao 2020 and Hengqin Worry-Free Life at the same time, if you are diagnosed with a serious illness within the scope specified in the contract, you can get the claim payment from both companies at the same time, reaching a total of 1 million. This is because critical illness insurance and life insurance are generally multiple-claim insurance, that is, within the scope of the contract, each time the payment conditions are met.
2.Medical insurance does not stack benefits:
If you purchase one Million Dollar medical insurance plan, you will be covered for reimbursement of hospitalization expenses within one year, but if you have purchased two Million Medical Insurance plans and one has already been reimbursed for medical expenses, the other will not be reimbursed. This is because most medical insurance is a single-claim type of insurance, that is, after the same event, each insurance can only pay once.
3.Accident insurance partially stacked payouts:
In accident insurance, accidental death and accidental disability can generally be claimed repeatedly, while accidental medical expenses cannot be paid together. For example, if you have accident insurance and have an accidental death or dismemberment, you may be able to receive benefits from different insurance companies. However, if it is an accidental medical expense, you can generally only choose one insurance company to make a claim.
It is important to note that different insurance companies may have different rules on the overlapping benefits, so it is recommended that you read the terms and conditions of the insurance contract carefully when purchasing insurance, or consult a professional insurance advisor to ensure that you fully understand your insurance rights and claims.
The above is an explanation of the stacking of claims for different types of insurance, and I hope it can help you better understand the relevant knowledge of insurance. If you have any other questions, please continue to ask them. February** Dynamic Incentive Program