Critical Illness Multiple Policies

Enquirer1

Hi,
I have two critical illness policies, one I took out years ago privately and one which I have through my employer.
I am in the process of making a claim and would like to know why I am being asked on the claim form if I have similar insurance with another insurer and for the policy details.  
Why is this even relevant?  Can anyone tell me please?
Thank you

dunstonh

I am in the process of making a claim and would like to know why I am being asked on the claim form if I have similar insurance with another insurer and for the policy details.  

There is usually a maximum that you can have and they are checking you are not going to breach that maximum. 

It used to be a question on the application form when setting up.  It is to avoid too much being covered through one reassurer. 

Enquirer1

dunstonh said:

I am in the process of making a claim and would like to know why I am being asked on the claim form if I have similar insurance with another insurer and for the policy details.  

There is usually a maximum that you can have and they are checking you are not going to breach that maximum. 

It used to be a question on the application form when setting up.  It is to avoid too much being covered through one reassurer. 

@dunstonh Thank you.  Where might I be able to find out what that limit is please?

dunstonh

Enquirer1 said:

dunstonh said:

I am in the process of making a claim and would like to know why I am being asked on the claim form if I have similar insurance with another insurer and for the policy details.  

There is usually a maximum that you can have and they are checking you are not going to breach that maximum. 

It used to be a question on the application form when setting up.  It is to avoid too much being covered through one reassurer. 

@dunstonh Thank you.  Where might I be able to find out what that limit is please?

It is not a hard limit across the board.  Each has their own limit.     It has been a very long time since I last looked, but it used to be in the ballpark of £500k to £1m, sum assured. So, it didn't typically affect the average consumer.

DullGreyGuy

Enquirer1 said:

dunstonh said:

I am in the process of making a claim and would like to know why I am being asked on the claim form if I have similar insurance with another insurer and for the policy details.  

There is usually a maximum that you can have and they are checking you are not going to breach that maximum. 

It used to be a question on the application form when setting up.  It is to avoid too much being covered through one reassurer. 

Thank you.  Where might I be able to find out what that limit is please?

Any limit would have to be in the policy terms otherwise it wouldn't be enforceable. Some may vary between a limit at time of purchase and a limit at time of claim. 

Enquirer1

Thank you @dunstonh and @DullGreyGuy