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Reload of Sum Insured in Health Insurance

'Reload of Sum Insured' is a health insurance benefit that allows the policyholders to get their sum insured reinstated in case it is exhausted. A 100% reload is offered by the insurer when the insured requires cover for any accident or unrelated illness. The reload benefit is offered only after the first claim. When applicable, the insurer can reload the sum insured even if it is not entirely exhausted.

How different is Reload from Restore, Recharge, and Refill of Sum Insured
Restore of Sum Insured:

The restoration of the sum insured is a similar benefit in principal. However, this function is only applicable if the sum insured of a policy is completely exhausted.

Recharge of Sum Insured:

In case of the recharge benefit, the insurer reinstates the sum insured if any claim reduces the amount. The benefits do not require complete exhaustion of the sum insured.

Refill of Sum Insured:

The refill benefit is offered only if the sum insured is completely exhausted in a year. In some cases, it has to be exhausted in one claim so that the sum insured is completely reinstated in time for the next hospitalization.

Example of 'Reload of Sum Insured'

To understand the benefit better, imagine Mr. Das has been hospitalized for the first time in a year, and he ends up making an insurance claim of INR 1.5 lakh against his existing sum insured of INR 2 lakh. So, if he is hospitalized again in the same year and has to pay INR 1 lakh as the healthcare bill, the insurer will recharge his sum insured with INR 50,000.

What product at Aditya Birla Capital that offers 'Reload of Sum Insured' benefit?

Aditya Birla Capital offers the reload benefit with its Activ Health Enhanced product.