Restoration benefit in Health Insurance
Under health insurance plans with restore benefit, if your Sum Insured gets exhausted towards treatment of an illness, the insurance company restores your Sum Insured.
For instance, you have purchased a health plan with Sum Insured of Rs 10 lacs. You get diagnosed with a kidney problem and exhausted the entire Sum Insured of Rs 10 lacs towards medical treatment of the kidney problem within the first six months.
You get diagnosed with a heart problem after 2 months. In such a case, the insurance company will restore the Sum Insured. So, you get an additional coverage of Rs 10 lacs during the policy year. So, in this case, even expenses for heart treatment will be covered up to Rs 10 lacs.
God forbid, if such an unfortunate series of events were to happen to you, you would have got medical cover of Rs 20 lacs (for the price of Rs 10 lacs).