Common use of Multiple Policies Clause in Contracts

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 Coverage Amount of such Policy. b. In case the Claim amount under a single policy exceeds the Coverage Amount, then Policyholder/Insured Member shall have the right to choose the companies with whom the Claim is to be settled. Further, policyholder/Insured Member shall have the right to choose the companies from whom he/she wants to claim the balance amount. Insured shall only be indemnified the hospitalization costs in accordance with terms & conditions of chosen Policy. c. This clause shall not apply to any Benefit offered on a fixed benefit basis.

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 Coverage Amount sum insured of such Policy. b. In case the Claim amount under a single policy exceeds the Coverage AmountSum Insured, then Policyholder/Insured Member shall have the right to choose the companies with whom the Claim is to be settled. Further, policyholder/Insured Member shall have the right to choose the companies from whom he/she wants to claim the balance amount. Insured shall only be indemnified the hospitalization costs in accordance with terms & conditions of chosen Policy. c. This clause shall not apply to any Benefit offered on a fixed benefit basis.

Multiple Policies. a. (a) In case any Insured Member is covered under more than one similar indemnity insurance policies, with the Company or with other insurers, the Policyholder/Insured Member Policyholder shall have the right to settle the Claim with any of the Company, provided that the Claim amount payable is up to the Coverage Amount Sum Insured of such Policy. b. (b) In case the Claim amount under a single policy exceeds the Coverage AmountSum Insured, then Policyholder/Insured Member Person shall have the right to choose the companies with whom the Claim is to be settled. Further, policyholder/Insured Member Person shall have the right to choose the companies from whom he/she wants to claim the balance amount. Insured shall only be indemnified the hospitalization costs in accordance with terms & conditions of chosen Policy. c. (c) This clause shall not apply to any Benefit offered on a fixed benefit basis.

Multiple Policies. a. In case any Policyholder/Insured Member Person is covered under more than one indemnity insurance policies, with the Company or with other insurers, the Policyholder/Insured Member Person shall have the right to settle the Claim with any of the Company, provided that the Claim amount payable is up to the Coverage Amount Sum Insured of such Policy. b. In case the Claim amount under a single policy exceeds the Coverage AmountSum Insured, then Policyholder/Insured Member Person shall have the right to choose the companies with whom the Claim is to be settled. Further, policyholder/Insured Member Person shall have the right to choose the companies from whom he/she wants to claim the balance amount. Insured shall only be indemnified the hospitalization costs in accordance with terms & conditions of chosen Policy. c. This clause shall not apply to any Benefit offered on a fixed benefit Benefit basis.