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calendar_monthPublished on 11 Aug, 2020
autorenewUpdated on 25 Nov, 2024
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Written by Mudit Handa
Reviewed by Anjali Sharma
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Imagine a safety net that protects you from unexpected medical bills and ensures your coverage is always active without any hassle.
Well, that’s what the feature of Unlimited Automatic Recharge in your health insurance policy can do.
The unlimited automatic recharge in a mediclaim policy has proven very beneficial to the policyholders. This innovative feature offers peace of mind and financial security to the insured. With unlimited automatic recharges you can enjoy uninterrupted coverage, enabling you to focus on your well-being.
Automatic recharge in health insurance is a very helpful feature that allows the sum insured to be replenished automatically after a claim has been made. Thus, once you have utilised your health insurance coverage for medical expenses, the policy automatically refills the sum insured up to the original limit, without needing you to buy a new policy or wait for the renewal.
Usually, there are no additional premiums to be paid for the automatic recharge feature. This makes it a cost-effective way to maintain continuous coverage. This feature is particularly beneficial for families with chronic health conditions, as this plan ensures their health protection without the worry of exhaustion of their health insurance cover. Let’s understand the concept with an example:
Suppose you buy a mediclaim policy of Rs. 5 lakh with an automatic recharge option for a policy tenure of one year. God forbid! If you get hospitalised due to any critical illness, and your hospital bill is of Rs. 5 lakh, it will be covered under the policy. But, at the same time, your sum insured gets exhausted. With automatic recharge, you get the extra coverage of another 5 lakh. In this way, you get a cushion of Rs. 5 lakh to use for another medical emergency.
An unlimited automatic recharge is one of the best features of a mediclaim policy. Here are some of the beneficial factors of unlimited automatic recharge in Mediclaim:
One cost-effective method to prepare yourself for medical expenses is by getting a suitable mediclaim policy. The unlimited automatic recharge feature in the policy enhances the coverage of the mediclaim.
Advanced healthcare facilities are getting costlier in India. Hence, Care Health Insurance offers mediclaim policies with comprehensive features. Unlimited Automatic Recharge is one of the salient features available and usable under health insurance plans subject to policy terms and conditions. It helps you stay handy with coverage for medical treatment without any financial burden.
>>Also Read: How to Boost your Health Insurance Coverage with Add-on Covers
Disclaimer: Plan features, benefits, coverage, and underwriting of claims are subject to policy terms and conditions. Please refer to the brochure, sales prospectus, and policy documents carefully.
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