Restoration Benefit
A feature that automatically refills your health sum insured after it's exhausted in a policy year.
A feature that automatically refills your health sum insured after it's exhausted in a policy year.
Without restoration benefit, once you've used your full sum insured through one or more claims in a policy year, you have no cover left for the rest of that year. Restoration benefit automatically reinstates the sum insured (sometimes only for a different illness, sometimes for any reason, depending on the policy) so a second unrelated large claim isn't left completely uncovered.
This has become a common and valuable feature, especially for family floater policies, where one member's large claim could otherwise leave the rest of the family exposed for the remainder of the year.
Example
A family floater with ₹10 lakh sum insured and restoration benefit: the father's ₹10 lakh claim in June doesn't leave the rest of the family with zero cover if the mother needs hospitalization in October — the restored amount is available.
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