How does reset benefit work in Health Booster Policy?
Examples Of Reset Benefit: Scenario 1
Sum insured Sum Insured ₹8,00,000
Additional Sum Insured (if any) -
Total Sum Insured ₹8,00,000
1st Claim Reason Cancer
First claim payable amount ₹3,00,000
Balance Sum Insured ₹5,00,000
2nd Claim Reason Heart Attack
Second claim payable amount ₹3,00,000
Balance Sum Insured ₹5,00,000
Will the Reset trigger? No, since the available Sum Insured is enough to pay the claim, reset will not trigger.
Balance Sum Insured ₹2,00,000
3rd Claim Reason Accident
Third claim payable amount ₹10,00,000
Available Sum Insured ₹2,00,000
Will the reset trigger? Yes, reset to ₹800,000 including available balance sum insured - Since the available Sum Insured is not enough to pay the claim.
Balance Sum Insured ₹2,00,000 (From reset)
4th Claim Reason Cancer
Fourth claim payable amount ₹4,00,000
Will the reset trigger? No, reset will not trigger for same illness
Will the reset trigger? No, reset will not trigger for same illness