Like stand alone health insurance companies General insurance companies are also planning to extend restoration facility to their customers.
At present stand alone health insurance companies such as Star health and Allied Insurance and Apollo Munich Health Insurance are offering this facility to their customers. However, both these companies are providing this facility to policyholders who have chosen sum insured of Rs 3 lakh or more.
Under restoration benefit the basic sum insured of policyholder is reinstated by insurer once it as been exhausted due to some illness or accident. However, Insurance companies charge 25-30% more premium for a health insurance policy with restoration facility than a plain vanilla mediclaim policy.
Mean while third stand alone health insurance Company Max Bupa Health Insurance has also recently introduced their flagship product ‘Heartbeat Health Insurance Plan’ with top-up option in Rs 2 lakh and Rs 3 lakh sum insured variants.
Insurers like Star Health and Allied Insurance, Bajaj Allianz General Insurance and United India Insurance already offering top-up plan.
At present stand alone health insurance companies such as Star health and Allied Insurance and Apollo Munich Health Insurance are offering this facility to their customers. However, both these companies are providing this facility to policyholders who have chosen sum insured of Rs 3 lakh or more.
Under restoration benefit the basic sum insured of policyholder is reinstated by insurer once it as been exhausted due to some illness or accident. However, Insurance companies charge 25-30% more premium for a health insurance policy with restoration facility than a plain vanilla mediclaim policy.
Mean while third stand alone health insurance Company Max Bupa Health Insurance has also recently introduced their flagship product ‘Heartbeat Health Insurance Plan’ with top-up option in Rs 2 lakh and Rs 3 lakh sum insured variants.
Insurers like Star Health and Allied Insurance, Bajaj Allianz General Insurance and United India Insurance already offering top-up plan.
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