Know About the ‘Recharge’ Feature of Care Health Insurance (Formerly Religare Health Insurance)

Health insurance has been in India for more than 30 years but still, its penetration is low. Most people buy health insurance to avail tax benefits under Section 80D. They don’t actually buy it to get financial coverage and protect their savings during a medical emergency.

Read More

Policybazaar exclusive benefits
  • 30 minutes claim support*(In 120+ cities)
  • Relationship manager For every customer
  • 24*7 claims assistance In 30 mins. guaranteed*
  • Instant policy issuance No medical tests*

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Back
Find affordable plans with up to 25% Discount**
  • 1
  • 2
  • 3
  • 4

Who would you like to insure?

  • Previous step
    Continue
    By clicking on “Continue”, you agree to our Privacy Policy and Terms of use
    Previous step
    Continue

      Popular Cities

      Previous step
      Continue
      Previous step
      Continue

      Do you have an existing illness or medical history?

      This helps us find plans that cover your condition and avoid claim rejection

      Get updates on WhatsApp

      Previous step

      When did you recover from Covid-19?

      Some plans are available only after a certain time

      Previous step
      Advantages of
      entering a valid number
      valid-mobile-number
      You save time, money and effort,
      Our experts will help you choose the right plan in less than 20 minutes & save you upto 80% on your premium

      However, with time, the health insurance sector opened up and all credit goes to our unhealthy food habits and busy lifestyles. These days, people fall ill at comparatively younger age than before. This increased the demand for health insurance plans and more insurance providers came into the picture. One of the insurers that offers the most affordable mediclaim insurance plans is Care Health Insurance (Formerly known as Religare Health Insurance).

       

      Care Health Insurance (Formerly known as Religare Health Insurance) is one of the reputed health insurance providers of India. The company is a subsidiary of Care Enterprise Limited, which is one of the leading financial services providers of India. The other shareholders of Care Health CARE Plan group are – Corporation Bank and the Union Bank of India.

      With a wide spectrum of financial services, the Care group is well known for providing top class health insurance products and one of which is Care Health CARE Plan

      Care Health CARE Plan is the first product out of various Care Health Insurance(Formerly known as Religare Health Insurance) plans that provide a spectrum of benefits to its policyholders with a unique ‘Recharge’ feature.

      Features of CARE Health Plan:

      The benefits that Care Health CARE Plan from the Care offers to its customers are:

      • All the policyholders are eligible to take health checkup once in a year, irrespective of the claims.
      • The availability of ‘Recharge’ benefit up to 100% sum insured is available for all the policyholders of the Care Health CARE Plan.
      • Provides the coverage to get specialized treatment anywhere across the world for sum insured of Rs.5 Lakh and above.
      • Add-on cover and no claim bonus up to 60% of the sum insured are also provided in this policy.
      • Offers 30 days of pre-hospitalization 60 days of post-hospitalization benefits.
      • For selected critical diseases, the plan covers the expenses of the second opinion.
      • The medical expenses of an organ donor in case of organ donation to the insured are also covered in this plan.
      • 20% co-pay is offered to the policyholders who are more than 61 years of age.
      • For the CCare Health CARE Plan policies with sum insured of Rs.3 Lakh to Rs.4 Lakh,a cash allowance of Rs.500 per day for 5 days is given.
      • Limited room rent cover is also offered in the Care Health CARE Plan.
      • Facility of domiciliary hospitalization of up to 10% of the sum insured is provided under this plan.
      • The ambulance cover ranging from Rs.750 to Rs.3000 as per sum insured of the policy is provided.

      Understand the ‘Recharge’ Feature of ‘Care Health Care’:

      Out of various other inclusions of the Care Health CARE Plan of Care Health Insurance (Formerly known as Religare Health Insurance) , ‘Recharge’ is the most useful and unique feature.

      The literal meaning of recharge is reloading and the ‘Recharge’ feature was introduced in the ‘Care Health CARE Plan with the same intention. It is to reinstate up to the sum insured in one policy year if your claim amount is exhausted in that year.The Care Health Insurance (Formerly known as Religare Health Insurance)agrees to make the reinstatement up to the sum insured of your current policy, provided the below-mentioned conditions are met:

      • The facility of ‘Recharge’ can be utilized only if the no claim bonus and sum assured have completely been exhausted in your current policy year.
      • The recharge amount cannot exceed beyond the sum insured of that policy year.
      • The recharge will be available for future claims only and will not cater to the injury or illness for which the claim has previously been paid.
      • The balance of the amount that is recharged will be available during the wholepolicy year until it is completely exhausted.
      • You cannot utilize the feature of recharge amount if there is only one claim made in a specific policy year.
      • You cannot carry forward your unused recharge amount to the next policy year.
      • The feature of recharge is not available for Optional Covers.

      There are some health insurance providers that offer the facility of ‘Restore’ and it may lead you to confusion by considering it as ‘Recharge’. There is a huge difference in both these terms in the insurance sector. In order to make this clear to you, we are going to provide you with the basic definition of both these terms.

      Difference between Restore and Recharge

      Restore:

      Restore benefit is providedwhen the basic sum insured of the policy becomes zero. Same as the case of recharge, you cannot avail the facility of restore for the same alignment.

      Recharge:

      Since recharge facility is not available on a single claim policy, thus it is not provided in the first claim. However, if the sum insured is not sufficientfor a subsequent health insurance claim, the recharge gets activated.In this way, recharge facility is available for future claims of the current policy and cannot be availed for any injury or illness for which the claim is already made.

      Final Words:

      In this way, ‘Recharge’ is one of the best inclusions that anyone can ask for while taking a health insurance plan. So, if you want ‘Recharge’ benefit with sum insured of Rs.5 Lakh and above, then Care Health CARE Plan is recommended to you. The facility of no claim bonus of up to 150% in 5 years and recharge benefits are also the best possible inclusions of this plan.

      Search
      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

      Health insurance articles

      Recent Articles
      Popular Articles
      Does Aditya Birla Health Insurance Cover Dental Treatments?

      17 May 2024

      Dental insurance is vital in maintaining oral health by covering
      Read more
      Does Niva Bupa Health Insurance Cover Dental Treatments?

      06 May 2024

      Dental insurance covers regular dental check-ups and treatments to
      Read more
      Surgeries Covered by TATA AIG Health Insurance Plans

      26 Apr 2024

      Amidst the escalating healthcare costs nationwide, managing the
      Read more
      Surgeries Covered by Liberty Health Insurance Plans

      26 Apr 2024

      Liberty General Insurance Limited offers a range of comprehensive
      Read more
      Does Care Health Insurance Cover Dental Treatments?

      26 Apr 2024

      Healthy teeth and gums can go a long way to maintaining oral
      Read more
      Best Health Insurance Plans for Senior Citizens
      Senior citizens are the most prone to diseases. Considering the medical inflation in India, buying health insurance
      Read more
      How to Apply for Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY)?
      Ayushman Bharat Yojana is a flagship health insurance scheme launched by the Government of India to offer universal
      Read more
      Does Health Insurance Provide Coverage for LASIK Eye Surgery?
      A vast majority of the Indian population is suffering from vision problems. For some of them, LASIK eye surgery is
      Read more
      Zero Waiting Period in Health Insurance Plans
      Every medical insurance plan comes with a few terms & conditions, and the waiting period is one of them. A
      Read more
      Heart Surgery Cost in India
      Heart diseases are the leading cause of death across the globe. As per a survey by the World Health Organisation
      Read more

      top
      Close
      Download the Policybazaar app
      to manage all your insurance needs.
      INSTALL