Difference Between Restore and Recharge in Health Insurance
In the ever-evolving landscape of health insurance , providers continuously introduce new features and plans to cater to diverse needs. Among these, the "restore" and "recharge" options have garnered significant attention. While both features aim to extend the benefits of health insurance coverage, they operate differently and serve distinct purposes. Understanding these differences is crucial for policyholders to make informed decisions about their health insurance plans . Recharge in Health Insurance The term "recharge" in health insurance refers to the ability to replenish the insured amount within a policy year after it has been exhausted. Typically, policyholders are allowed to claim a specific insured sum annually. If multiple claims are made within a single year, the insured amount might be depleted before the year concludes. In such scenarios, the recharge feature becomes invaluable. Benefits of the Recharge Feature 1. Full Reinstatement: