What is Recharge of Insurance Sum Assured?

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The Recharge feature is available with Religare health insurance. Taken from Policy wordings of Religare Care, the explanation of Recharge of Sum assured is as Under:

Recharge is the Reinstatement of the Sum assured. If the claim is payable in the policy, then the company agrees to automatically make the reinstatement of upto the sum assured for that policy year only provided:

1) Recharge will be utilised only after the sum assured and No claim bonus has been totally exhausted in that policy year.

2) The Recharge shall be available only for all future claims and not in relation to any illness or injury for which a claim has already been admitted for that insured person during that Policy Year

3) The total amount of Recharge shall not exceed the sum assured for that policy year

4) The Recharge amount will not be available in case there is only a single claim in the policy year.

5) The balance of recharge amount shall be available during the policy year till it is exhausted completely.

6) Any Unutilised recharge cannot be carried forward to any subsequent Policy Year.

 

Now what the above exhibit shows is that Recharge was not available for the first claim, and as per the policy wording also recharge amount cannot be claimed for the first/single claim in policy. But for second claim where the sum assured was not proving sufficient, recharge gets activated and supported the claim payment. There's only one condition, which is that the claim where recharge will be utilised should not be related to any of the previous claim in that policy year. This means that if in all the scenarios above the Claim 2 was related to claim 1 then No Recharge of sum assured benefit would have been available.

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