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Which is better Restore/Recharge benefit?
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29 Apr, 2022
by jignesh
Hello,
I want to buy health policy for my mother (individual plan), which is better in terms of restore benefit? The plan that offers Unlimited restore for different illness Or the one which covers same person same illness but triggers pnly once for the policy tenure?
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13 May, 2022
Hey Jignesh,
There are plans which gives you coverage for related restoration and unrelated restoration for unlimited times.
If you are taking just base policy of 5 lakhs then restoration for related illness is suggested.
If you are opting for 20 lakhs cover then restoration for unrelated illness can be taken.
I am available to help you out
Thanks &:Regards
Vikram Aralikatty CFP
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Hey Jignesh
There are plans that offer once a year restoration for multiple illnesses & without any cooling period - which I feel is a better alternative.
Please understand a restoration benefit mainly is a marketing feature in a plan, yes you can truly use it but you'd like to choose a plan that does not put any cooling period restrictions on you.
The restoration feature you choose is a matter of personal choice, though be informed of the conditions surrounding it & your mothers health needs.