Know about Health Insurance Restoration benefits
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People need to hunt for a health insurance plan with restoration benefits because to escalating healthcare costs
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the insurer will restore the sum insured along with the collected cumulative bonus if the insured is hospitalised during the policy year
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In contrast to a top-up plan, the restoration benefit will increase the cost of the coverage.
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the restored sum insured cannot be used for another heart-related claim under the same insurance
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If a family floater plan is in place, all of the covered parties will have their sum insured reinstated on a floater basis
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a family floater plan's restoration benefit performs effectively because the whole sum covered is shared by all family members
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For instance, a family with a floater plan of 5 lakh rupees had to use the entire sum to treat two family members
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a policyholder should make sure the restoration benefit is included to his health insurance policy if he wants the maximum amount of coverage
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Before choosing the restoration benefit, review the terms and criteria governing the restoration of the sum insured
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