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Importance of the Reset Benefit in Mediclaim Policy

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November 05, 2018
A mediclaim policy is an insurance policy that covers your medical bills and hospitalization charges when you are ill. Along with reimbursing your hospital bills, it also allows you to do cashless transaction, thus saving you the need to arrange huge amount of cash and lets you be at peace in case of an emergency hospitalization visit. 


Nowadays, there are many organizations that have come up with a reset benefit in the mediclaim policy. A reset benefit allows you to automatically restore the basic cover in case you have exhausted the entire sum assured during the policy cover. In short, if your policy comes with a restoration benefit, then after your first claim, insurer will again set a sum assured, which means your insurer will cover the second claim as well.

You can get your sum assured restored without worrying about the rising premiums. In case of hospitalization twice during the policy term, you can still be at peace. It helps you to have a policy cover without worrying about the hospitalization bills.

Within the same policy term, a policyholder can use the reset amount for all the future claims.

With the fast lifestyle related illnesses on the rise, and medical bills being huge, it is advisable to take a mediclaim policy with a reset benefit in it. In the long run, a reset benefit allows you to take full advantage of your mediclaim policy in case you have exhausted the whole amount earlier. 

HDFC LIFE provides a lot of insurance policies for you, choose the best suitable cover for yourself and secure your financial future.

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Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

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