Buy Health Insurance Policy

Exclusive

Wellness Benefits

24*7 Claims

Support

Tax Savings

u/s 80D

Zero Paperwork Online Process

Pin Code

+91 Enter Mobile Number

Try agian later

I agree to the Terms & Conditions

Port My Policy

Download Policy

(Incl 18% GST)

What Are the Benefits of Having Multiple Health Insurance Plans?

These days, more and more people are getting covered by a health insurance. Due to the rising cost of healthcare, having this kind of financial protection can be an essential safeguard in case of unexpected medical emergencies.

However, if one policy is good, are there any benefits to buying multiple medical policies for extra protection?

Team Digit

Can You Have Multiple Health Insurance Plans?

It is definitely possible to get a second, or even a third health insurance plan. Indeed, it can be a great way of getting additional or more comprehensive coverage. It can also serve as a backup to an employee health insurance, and can reduce the risk for those with pre-existing conditions.

However, it is important to remember that having more than one plan does not mean that you get reimbursed twice for a medical treatment. Even when you have more than one plan, the total amount that they will cover at the time of a claim will not exceed 100% of the treatment cost.

For example, if you get a surgery, you will choose one plan to pay for this up to its coverage limits. Once this insurer has paid the amount, the remaining bill goes to your second or third insurance, which will then cover part of or all of the remaining costs, again up to its coverage limit.

Advantages of Having Multiple Health Insurance Plans

Having a second, or even multiple health insurance policies can have a number of benefits, such as:

1. Wider Coverage

Having more health plans will give you the scope to have more widespread coverage. If you look closely at your first policy, you can choose the second and any subsequent policies based on what is not covered in that policy, such as a critical illness cover, or a maternity cover.

Additionally, if your primary plan is an Employee Health Insurance, having an additional plan will ensure that you have consistent coverage even after you leave the company.

2. More Effective Premiums

When you invest in multiple health policies with smaller covers instead of one plan with big coverage, you are likely to have lower premium amounts. And, the smaller covers can ultimately lead to having more widespread coverage as mentioned above, without placing too much stress on your pocket.

3. Coverage for More Specific Conditions

When you have multiple policies, you have the option to cover more illnesses. For example, by having one generic policy and one specific policy you can cover both basic hospitalization and treatments as well as critical conditions through a Critical Illness Policy.

Based on your and your family’s situation, you can also opt for Individual Plans, a Family Floater Plan, or COVID-19 Insurance, to maximize your coverage as compared to one generic plan.

4. More Efficient Policy Management

When you have multiple policies, you will be able to decide which one to make a claim against, should such a situation arise. This way, you can ensure that one policy remains undisturbed and earn a No Claim Bonus or Cumulative Bonus for a claim-free year.

5. Protection Against Claim Rejection

In case you make a health insurance claim, and it is rejected, it can be a financial disaster. But when you have more than one insurer, the claim that was rejected by one insurer might be accepted by another.

6. Further Tax Benefits

Having multiple health insurance plans will also result in additional tax benefits under Section 80D of the Income Tax Act. When you have a health plan, you can further claim tax returns and actually save money on income tax.

When Should You Get More Than One Health Insurance Plans?

There are a number of reasons why you might wish to have two or more health insurance plans:

You are covered only under a group plan like your parent’s Family Floater Plan and or an Employee Health Insurance and you want additional coverage from an Individual Health Plan.
You only have an Individual Health Plan and need more specific coverage like a Critical Illness Plan or a COVID-19 cover.
You have just gotten married and wish to get a Family Floater in addition to either an Individual Plan or an Employee Health Insurance.
You require a Top-up or a Super Top-up Plan over and above your current policy.

All of these scenarios will help you to ensure a strong health insurance portfolio that will provide financial stability in a health crisis.

Things to Consider for Additional Health Insurance Plans

When you opt to buy a second (or even a third) health insurance plan, it is essential to go through the fine print of the policy in detail to ensure that you are making the right decision. Here are some things to keep in mind:

Look at the Coverage – see what is covered in the second policy you wish to get, and ensure that it will offer a wider range of coverage than your first policy.
Go Through the Terms – check the details of the policy such as co-pay clauses, room rent conditions, sub-limits, deductibles, and more.
Note the Sum Insured – look at what the SI of the policy is, and check that it is enough for your needs when added to your current coverage.
Check the Renewability – opt for a plan that offers lifetime renewability, especially if your current plan only covers you until a certain age.
See if You Need a Critical Illness Add-on or a Top-up Plan – many insurers have the option of adding to your existing coverage top-up and super top-up plans, or with add-ons for critical illness cover, or maternity cover. Check if this additional coverage will fulfil your needs before opting for a second insurance plan.

With rising healthcare costs, it is becoming increasingly common for people to have more than one health insurance policy. For example, people might have critical illness plans and personal accident policies in addition to regular health insurance to have increased coverage. But ultimately, it is up to you to decide whether you wish to go for higher coverage under one single plan or purchase smaller covers under multiple policies.

Frequently asked questions

All

Is it worth having more than one health plan?

It is up to you to decide whether you require more than one health policy. Doing so will increase the chances of your claims being approved, and will also offer more coverage. On the other hand, it will also mean more premiums to take care of, more paperwork, and having to deal with two plans rather than one.

Can you use multiple health policies for a single claim?

Yes, in most cases you can use two different policies to settle one claim. You must go through one insurer first, and then if the cover is not sufficient, the other policy can be used for the expenses.

The second insurer might require a claims settlement summary from the first insurer (noting the amount already claimed), as well as any original documents and bills before paying the remaining amount. However, in the end, it will depend on the contribution clauses and other terms and conditions of the policy.

Can you be covered under two group plans such as an employee health insurance and a family floater plan?

Yes, it is possible to have such a combination of health insurance plans.

How is group health insurance different from individual health insurance?

A health insurance plan that covers multiple people, such as one provided to employees by an employer is called group coverage. However, a health insurance you buy on your own is called individual coverage.

Important Tips Related to Health Insurance

Health Tips for Women

How to Choose a Health Insurance Policy in India?

Right Age to Buy a Health Insurance Policy

Benefits of Group Health Insurance

Right Time to Buy a Health Insurance Policy

How to Choose the Best Health Policy for Senior Citizens?

Staying healthy during the quarantine

Risks of Not Buying a Health Insurance Plan

Factors That Affect Health Insurance Premium

How Does Age Affect Your Health Insurance Premium?

What Happens if You Don’t Renew Your Health Insurance Policy on Time

Common Mistakes to Avoid While Purchasing Health Insurance

Myths About Health Insurance for Senior Citizens

Why Do Women Need to Buy a Separate Health Insurance?

Important Terms to Know Before Buying Health Insurance

Role of Artificial Intelligence in Health Insurance

What to Check When Porting Your Health Insurance Policy?

Do's and Don'ts of Buying a Health Insurance Policy

Pros & Cons of Having Multiple Health Insurance Policies

Secure Your Savings by Investing in Health Insurance

Can You Renew Expired Health Insurance Policy Online?

Why Is Health Insurance Important for Low and Middle-Income Groups?

How to Increase Your Health Insurance Cover Without Paying a Higher Premium?

How to Review Health Insurance Policy Document?

Benefits of Upgrading Your Health Insurance Policy

Important Changes to Make in Your Health Insurance Plan After Marriage

What to do When Your Health Insurance Claim is Rejected?

Medical Inflation in India

What to Keep in Mind When Adding Your Children to Health Insurance?

How to Choose Between Long-Term and Short-Term Health Insurance?

Pros & Cons of Family Floater Health Insurance

Benefits of Porting Health Insurance Policy

More articles related to Health Insurance

Deductible in Health Insurance

Sum Insured in Health Insurance

Daily Hospital Cash Benefit

Types of Health Insurance

PED in Health Insurance

What is Copay in Health Insurance

Cancer Insurance Cover

TPA in Health Insurance

Difference between Mediclaim Policy and Health Insurance

Difference between Term Insurance and Health Insurance

Difference between Life Insurance and Health Insurance

What is Health Insurance

Best Health Insurance Policy in India

Daycare Treatment and Procedures in Health Insurance

Room Rent Capping in Health Insurance

Health Insurance for Diabetes Patients

Health Insurance covering Cataract Surgery

Health Insurance with Free Annual Checkup

Domiciliary Hospitalization in Health Insurance

Government Health Insurance Schemes

Sub-Limit in Health Insurance Policy

Cooling-off Period in Health Insurance

Loading in Health Insurance

Pre and Post Hospitalization Expenses in Health Insurance

GMC and GPA Policies in Health Insurance

Indemnity Health Insurance

Health Insurance for Disabled Persons

Difference Between Waiting Period and Survival Period

Types of Health Insurance Claims

Health Tips & Guides

Nutrition Tips & Guides

Human Wellbeing

Guides about different Diseases

Health Insurance Tips

Health Insurance for Smokers

Comprehensive Health Insurance

Buy Health Insurance on EMI

What is Nominee In Health Insurance

Grace Period in Health Insurance

Health Insurance for Parents of NRIs

Difference between Moratorium and Full Medical Underwriting

Exclusions in Health Insurance

Non - Medical Expenses in Health Insurance

Road Ambulance Cover in Health Insurance

Consumable Cover in Health Insurance

Air Ambulance Cover in Health Insurance

What Is Reimbursement Claim ?

Health Insurance Tax Benefits for Senior Citizens

Why Separate Health Insurance for your Parents?

Health Insurance After Retirement

Health Insurance for Pre-Retirees

Health Insurance for Freelancers and Self-Employed

Health Insurance for Government Employees

Why Health Insurance is Important for Mothers?

Difference Between Inpatient and Outpatient Hospitalisation

Restoration Benefit in Health Insurance

Cumulative Bonus in Health Insurance

Terminal vs Critical Illness

Health Insurance Myths

How to Choose the Right Sum Insured

Mental Health Insurance

Infertility Treatment Cover

Bariatric Surgery Cover

What is Organ Transplant Cover

AYUSH Benefit in Health Insurance

Compare Health Insurance

Maternity Health Insurance

Zone Based Health Insurance

Copay vs Coinsurance vs Deductible

Health Insurance Add-Ons

Health Insurance Benefits

Dental Health Insurance

Increase in Health Premium on Renewal

Fixed and Indemnity Health Insurance

Maternity Benefit without Waiting Period

Difference between Copay Coinsurance and Deductible in Health Insurance

Waiting Period in Health Insurance

Why Health Insurance Premium Increase on Renewal

Download Health Insurance Policy Wordings

Click here for Policy wordings | Digit Health Care plus policy - Benefit illustration

Disclaimer #1: *Customer can choose options at the time of availing insurance. Premium amount may vary accordingly. Insured is required to disclose any pre-existing condition or on going treatment before policy issuance in the proposal form.

Disclaimer #2: This information is added only for informative purposes and collected from different sources across the Internet. Digit Insurance is not promoting or recommending anything here. Please verify the information before making any decisions.

Get 10+ Exclusive Features only on Digit App

Install

Get 10+ Exclusive Features only on Digit App

Latest News

Currently there are no news to show.

Renew & Download Policy Document, Check Challan, Credit Score, PUC & more

43K+ Reviews

4.7

Rated App

43K+ Reviews

7K+ Reviews

4.4

Rated App

7K+ Reviews

Download the App

CIN: U66010PN2016PLC167410, IRDAI Reg. No. 158.

Go Digit General Insurance Limited (formerly known as Oben General Insurance Ltd.) - Registered Office Address - 1 to 6 floors, Ananta One (AR One), Pride Hotel Lane, Narveer Tanaji Wadi, City Survey No.1579, Shivaji Nagar, Pune-411005, Maharashtra | Corporate Office Address - Atlantis, 95, 4th B Cross Road, Koramangala Industrial Layout, 5th Block, Bengaluru-560095, Karnataka | Trade logo of Go Digit General Insurance Ltd. displayed above belongs to Go Digit lnfoworks Services Private Limited and is provided and used by Go Digit General Insurance Ltd. under license.