Yes, you can have more than one medical Insurance policy. In case of a claim, you can choose which policy to use to cover your costs. The benefit of having 2 health insurance plans is that, once the Sum Insured of one policy is exhausted, the remaining medical expenses, if any, can be claimed through the second policy.
If you cancel the policy, your cover will cease to exist from the date of cancellation of policy. Additionally, your premium should be refunded to you on short period cancellation rates. You will find these in the policy terms and conditions in the policy document.
No. Maternity/Pregnancy-related, Diagnostic charges expenses are not covered in a Health Insurance plan. However, employer-provided group insurance plans often cover maternity-related expenses.
The waiting period is the time when you can't make a claim. If you have any pre-existing medical condition like if you are suffering from critical illness, or if you have undergone any surgery recently, and if you need hospitalisation, you won't be covered for the same.
Factors for medical insurance in India, How much is the premium and the coverage offered by India health insurance plans..Click here to read more