Refill Sum Insured

Refill Sum Insured is a type of insurance benefit that is offered by health insurance policies. Under this benefit, the insurance company restores the sum insured or coverage amount of the policy after it has been exhausted in a policy year.

For example, if a person has a health insurance policy with a sum insured of ₹5 lakhs and makes a claim of ₹4 lakhs in a policy year, the sum insured will be exhausted, and the policyholder will be eligible for a coverage amount of ₹5 lakhs again.

The Refill Sum Insured benefit is particularly useful in case of multiple hospitalizations or critical illnesses within the same policy year, where the sum insured may get exhausted quickly. By restoring the sum insured, this benefit ensures that the policyholder has adequate coverage for the entire policy year.

It's essential to note that the Refill Sum Insured benefit is offered by some health insurance policies as an add-on or rider, and it may come with certain terms and conditions. It's important to read the policy document carefully to understand the extent of coverage and limitations of this benefit.