Personal Accident Policy like Mediclaim Policy is benefit policy.
One can have more than one policy but they should disclose that there exist another policy while proposing for next policy.
Personal Accident policy is having worldwide cover where as Mediclaim policy covers risk within India and can be extended to cover treatment at Nepal and SAARC countries on prior intimation and acceptance by the insurer.
We can have PA policy simultaneously from both PSU and Private insurer.