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Literature and General Knowledge Quiz
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What is the maximum Sum insured a person can get under the medi-claim policy either from single company or different companies together as per IRDA guidelines?
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A
5 Lakhs
💡 Explanation:
Under IRDA guidelines, the maximum sum insured that can be availed under health insurance (medi-claim) policies across all insurers combined is Rs. 5 lakh. This means if a person has multiple health insurance policies from different companies, the total coverage cannot exceed Rs. 5 lakh. This limit was set to prevent over-insurance and moral hazard. The limit may have changed over time - current guidelines should be verified for accuracy.