Experts estimate that medical inflation is around 15 per cent annually in India. It is difficult for customers to keep raising the sum insured of their policies constantly. By choosing their policies smartly, however, they can tackle this issue to some extent.
While this feature (also called restore, reinstatement or reload) has been around for many years, it has evolved greatly. Normally, if you have a sum insured of Rs 5 lakh, you can claim only up to this amount. Once it is exhausted the insured and his family are left without a cover for the rest of the year. In policies that offer this feature, the sum insured gets restored, so the family continues to enjoy coverage for the