Common use of Sum Insured Reinstatement Benefit: Clause in Contracts

Sum Insured Reinstatement Benefit:. If the Hospitalization Sum Insured and cumulative benefit (if any) is exhausted due to claims lodged during the Policy year, then it is agreed that 100% of the hospitalization Sum Insured specified under In Patient Hospitalization Treatment be reinstated for the particular Policy Period provided that: i. The reinstated Sum Insured will be triggered only after the Hospitalization Sum Insured inclusive of the Cumulative Bonus(If applicable) has been completely exhausted during the policy period; ii. The reinstated Sum Insured can be used for claims made by the Insured Person in respect of the benefits stated in In Patient Hospitalisation Treatment Cover. iii. If the claimed amount is higher than the Balance Sum Insured inclusive of the Cumulative Bonus (If applicable) under the policy, then this benefit will not be triggered for such claims iv. The reinstated Sum Insured would be triggered only for subsequent claims made by the Insured Person and not arising out of any illness/disease (including its complications) for which a claim has been lodged in the current policy year under Section1 (In-patient Hospitalisation Treatment). v. This benefit is applicable only once during each policy period & will not be carried forward to the subsequent renewals if the benefit is not utilized. vi. This benefit is applicable only once in life time of Insured Person covered under this policy for claims regarding CANCER OF SPECIFIED SEVERITY and KIDNEY FAILURE REQUIRING REGULAR DIALYSIS as defined under the policy. vii. Additional premium would not be charged for reinstatement of the Sum Insured. viii. Incase Family Floater policy, Restore Sum Insured will be available for all Insured Persons in the Policy.

Sum Insured Reinstatement Benefit:. If the Section A1 Inpatient Hospitalization Treatment Sum Insured and cumulative benefit (if any) is exhausted due to claims lodged during the Policy year, then it is agreed that 100% of the hospitalization Sum Insured specified under In Patient Inpatient Hospitalization Treatment be reinstated for the particular Policy Period year provided that: i. 1. The reinstated Sum Insured will be triggered only after the Inpatient Hospitalization Treatment Sum Insured inclusive of the Cumulative Bonus(If applicable) has been completely exhausted during the policy period;year ii2. The reinstated Sum Insured can be used for claims made by the Insured Person in respect of the benefits stated in In Patient Hospitalisation Inpatient Hospitalization Treatment CoverSection A1. iii3. If the claimed amount is higher than the Balance Sum Insured inclusive of the Cumulative Bonus (If applicable) under the policy, then this benefit will not be triggered for such claims iv4. The reinstated Sum Insured would be triggered only for subsequent claims made by the Insured Person and not arising out of any illness/disease (including its complications) for which a claim has been lodged in the current policy year under Section1 (In-patient Hospitalisation Treatment).Inpatient Hospitalization Treatment Section A1. In case of relapse within 45 days, this benefit will not trigger v. 5. This benefit is applicable only once during each policy period year& will not be carried forward to the subsequent policy year/ renewals if the benefit is not utilized. vi. This benefit is applicable only once in life time of Insured Person covered under this policy for claims regarding CANCER OF SPECIFIED SEVERITY and KIDNEY FAILURE REQUIRING REGULAR DIALYSIS as defined under the policy. vii6. Additional premium would not be charged for reinstatement of the Sum Insured. viii7. Incase Family Floater policy, Restore Reinstatement of Sum Insured will be available for all Insured Persons in the Policy.

Sum Insured Reinstatement Benefit:. If the Section A1 Inpatient Hospitalization Treatment Sum Insured and cumulative benefit bonus (if any) is exhausted due to claims lodged during the Policy year, then it is agreed that 100% of the hospitalization Sum Insured specified under In Patient Inpatient Hospitalization Treatment be reinstated for the particular Policy Period year provided that: i. 1. The reinstated Sum Insured will be triggered only after the Inpatient Hospitalization Treatment Sum Insured inclusive of the Cumulative Bonus(If applicable) has been completely exhausted during the policy periodyear; ii2. The reinstated Sum Insured can be used for claims made by the Insured Person in respect of the benefits stated in In Patient Hospitalisation Treatment CoverInpatient Hospitalization Treatment. iii3. If the claimed amount is higher than the Balance Sum Insured inclusive of the Cumulative Bonus (If Bonus(If applicable) under the policy, then this benefit will not be triggered for such claims iv4. The reinstated Sum Insured would be triggered only for subsequent claims made by the Insured Person and Person. In case of relapse within 45 days, this benefit will not arising out of any illness/disease (including its complications) for which a claim has been lodged in the current policy year under Section1 (In-patient Hospitalisation Treatment).trigger v. 5. This benefit is applicable only once during each policy period year& will not be carried forward to the subsequent policy year/ renewals if the benefit is not utilized. vi6. This benefit is applicable only once in life time of Insured Person covered under this policy for claims regarding CANCER OF SPECIFIED SEVERITY and KIDNEY FAILURE REQUIRING REGULAR DIALYSIS as defined under the policy. vii7. This benefit will be applicable annually for policies with term more than 1 year. 8. Additional premium would not be charged for reinstatement of the Sum Insured. viii9. Incase Family Floater policy, Restore Reinstatement of Sum Insured will be available for all Insured Persons in the Policy.