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 Which is the Best Pension Plan: LIC's "Jeevan Suraksha" OR " LIC's Market Plus?
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sanjaygupta
I hv taken 2 insurance policies of cover 15L & 5L.can both pollicies be claimed in the event of my death.?
i came to know that only one can be claimed of higher value. If I am paying premium for both insurance then ideally nominee should be able to claim both in the event of my death. Plz clarify.
                     
 




VG
Rating
What you heard is wrong. You may buy any number of policies from any number of insurers. The nominees can claim benefit from all those. Make sure you inform your family members of all the insurance policies' and companies' details after buying.


toknowmore
Rating
Certainly, your nominee can claim sum assureds of all the life insurance policies you have. Only thing all the policies should be in force at the time of death. If any policy is lapsed then you cannot claim on that policy, but you can get the paid up value on it if it was paid for atleast 3 years

Good Luck !
pnkmurthy@yahoo.com


Warrior
Rating
If ur paying both Insurance Premiums on Time then ur Benificier can claim both Policies on vent of your death. watever u have heard is not correct. so be relaxed


Orthodox Purushottam Kabra
Rating
You can take any number of policies and get any amount of insurance and legal heirs will get it. But don't get over insured. in that case you may not be able to keep all your policies in force. in later stage of life. Don't equate insurance with investments. Insurance should be first priority but not only avenue of investment.


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