Last updated on June 6th, 2021
Insurance is something that most of us are familiar with. However when it comes to
making claims from these policies, you may still be unsure of certain things! Here is an explanation of how you can make multiple claims for the same event:
Can I claim from 2 insurance companies in Singapore?
It is possible to make multiple claims from insurance policies that
give you a sum assured when certain conditions are met. However, policies that offer you reimbursement cannot be claimed multiple times. These policies like hospitalisation insurance are only meant to
return you back to your original state before the incident.
2 types of insurance payouts
For most insurance policies, there are 2 main types of payouts that you will receive:
#1 Sum assured (Non-indemnity)
For these types of policies, you will receive a payout when certain conditions...