Insurance Sum Assured Restore vs Insurance Sum Assured Recharge

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First thing first, your decision to buy any health insurance policy should not be based on this feature only. You have to understand the various waiting periods, sublimits, exclusions if any in a health insurance policy before taking the decision to buy any

 

Now as far as among recharge and restore, on the face of it recharge looks much better option. But the major drawback in both the options is that these are for unrelated claims. If you are getting treated of some heart ailment and exhausts your complete sum assured in a policy year, you cannot claim out of Recharge or Restore unless the claim is for some problem not related to heart. Second drawback, specially in restore is that it gets activated only when the sum assured and no claim bonus is completely exhausted .

So in my view, one should look at the basic sum assured and take it to the maximum of affordability. These restore and recharge option will be added benefit which may or may not be used as they have certain condition attached to it.

Happy Investing!!

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

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Tax Saving Mutual Funds Online

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Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
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4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

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2. ICICI Prudential Regular Gold Savings Fund
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