Can an individual submit claims for Disability Income Insurance (DII) from 2 different insurers?
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Pang Zhe Liang
22 Mar 2023
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
Assuming that you have not hit the maximum monthly benefit (that aggregates across the various insurers), then yes, you are able to submit a claim with both insurers.
Otherwise, the payout will likely be subjected to the financial limit rules that the insurer has; i.e. you will receive a maximum payout and not anything more than that.
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Tony
Edited 22 Mar 2023
Computer Engineering at Nanyang Technological university
Not too sure, my guess is yes.. unlikely to "profit" though. but why do you get two DII? if want hig...
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You talking about which product/policy for DII? if careshield life supplements then limit is 5K per insurer, that is if the various insurer allows you to buy more after you max out 5k with the first insurer.