What does it do?
Religare Health Insurance Care is a unique policy among its peers as it can reinstate the sum insured, if depleted in a policy year. The restored sum insured, however, cannot be utilized for treatment of illness(es) for which the claim was made in the policy year.
Any remaining restored sum insured at the end of a policy year cannot be carried forward to the next year.
Another exclusive offer is Care Anywhere benefit that allows to avail treatment for specific critical illnesses anywhere in the world.
The claim however will be settled on reimbursement basis in India in indian rupees only. This policy is a comprehensive package of inpatient treatment that covers hospitalisation expenses with sub-limits on room rent and ICU charges. It covers other incidental expenses like ambulance cost, daily cash allowance and organ donor hospitalisation expenses in case of organ transplantation.
Apart from hospitalisation expenses, it provides for domiciliary hospitalisation, i.e. treatment taken at home on advice of a doctor. Second opinion from a medical consultant on company's panel is available if one is diagnosed with stated critical illness.
Pros
It offers Automatic Policy Recharge at no extra premium if initial sum insured gets depleted .
It allows to avail treatment anywhere in the world for certain diseases. It offers sum insured up to Rs 60 lakh and allows lifelong policy renewal.
This policy can be bought online and provides a premium discount on selecting a higher policy term.
It also offers a family discount and premiums paid towards this policy enjoy a tax benefit under Section 80D.
Cons
Restored sum insured cannot be used for treatment of the illness for which a claim has already been made.
