- Bonus means any increase or addition in the Sum Insured granted by the insurer without an associated increase in premium
- Sub-limit means a cost-sharing requirement under a health insurance policy in which an insurer would not be liable to pay any amount in excess of the pre-defined limit. The Sub-limit as applicable under the Policy is specified in the Policy Schedule against the relevant Cover in force under the Policy.
- Sum Insured means the aggregate limit of indemnity consisting of the base Sum Insured, Cumulative Bonus, Plus Benefit, Secure Benefit, and Automatic Restore Benefit, which represents the maximum, total and cumulative liability of the Company for any and all claims made under the Policy, in respect of all Insured Persons (on Floater basis) during the Policy Year.
- Waiting Period means a period from the inception of this Policy during which specified diseases/treatments are not covered. On completion of the Waiting Period, diseases/treatments shall be covered provided the Policy has been continuously renewed without any break.
- Plus Benefit - On Renewal of this Policy with the Company without a break, a sum equal to 50% of the Base Sum Insured under the expiring Policy will be added to the Sum Insured available under the Renewed Policy
- Secure Benefit - 2x cover from Day1
- Restore Benefit - In the event of complete or partial utilization of the Base Sum Insured due to any claim admitted during the Policy Year irrespective of the utilization of the Cumulative Bonus, Plus Benefit, and Secure Benefit, the Company shall restore the Sum Insured up to the Base Sum Insured. This is applied once per year only without any carry forward.