Is it not advisable to take one plan covering all your needs instead of taking multiple plans? Is there any restriction on the number of policies that a person can take?
Insurance companies come up with various insurance plans considering the different needs of various people. The need of insurance keeps changing with one’s age and family circumstances. If a single plan covers all your insurance needs at a particular time, it is beneficial to take a single plan to avoid confusion of payment of different policies at different times. But as the needs change, it is better to go for another policy rather than give up on an old policy and look for a plan that shall cover the changed need. There is no restriction on the number of polices one can take. The insurers will not have any problem in selling a policy to you if your financial condition
supports the payment.
Insurance companies come up with various insurance plans considering the different needs of various people. The need of insurance keeps changing with one’s age and family circumstances. If a single plan covers all your insurance needs at a particular time, it is beneficial to take a single plan to avoid confusion of payment of different policies at different times. But as the needs change, it is better to go for another policy rather than give up on an old policy and look for a plan that shall cover the changed need. There is no restriction on the number of polices one can take. The insurers will not have any problem in selling a policy to you if your financial condition
supports the payment.
