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Get answers to specific queries on health insurance
Restoration benefit is a type of health insurance benefit, where the insurer restores the original sum insured after it gets fully exhausted for the treatment of the illnesses. So, even if you consume the complete total insured, you don't have to worry if you’ve got the restore benefit added to your health plan. If you've got this profit your insurance company will restore the complete quantity and you can use the refreshed sum assured for future treatments.
Let’s explain restoration benefit with an example - Mr. Ravi has a health policy of Rs 4 lakhs with restoration benefits. He had to undergo a surgery and also the entire total insured of Rs four lakhs gets exhausted.
A few months later, Mr. Ravi was diagnosed with cancer that needed surgery costing around Rs 2 lakhs. The insurance company will cover this latest medical expense, even though Mr. Ravi has exhausted the sum assured. This is because of the restoration benefit available on his plan.
Is restoration benefit essential?
It depends. If you have a family history of frequent illnesses or if your medical condition requires multiple surgeries, etc, then opting for restoration benefit on your health plan is a wise call.
For family floater plans, it is a valuable add-on to own. If one among the members has exhausted the bottom cover, alternative members can still enjoy the cover. If you would like most coverage at the smallest amount value, ensure the restoration benefit is added to your insurance policy.
A CIBIL™ score is a three digit number between 300 and 900 that gives potential lenders a quick idea of your loan
Credit repair involves rebuilding your credit health to a level where you become eligible for loans.
A credit report is a history of your credit behaviour and contains detailed information on all your loan and credit
A credit rating - also known as a credit score - is a 3 digit number between 300-900 that gives potential lenders
A bad credit score is generally one that is less than 650. A credit score is a three digit number in the range of 300-900
Yes. In fact, a credit score of 850 is very good! Most lenders look for a minimum credit score of 750 to approve loans
There are several ways in which you can improve your credit score. Depending on how good or bad your score is,
Is 800 a good credit score? Yes. In fact, a credit score of 800 is very good! Only a small percentage of people reach,
Is it possible to obtain a free credit check or credit report? The answer is yes and no!
Your CIBIL™ Score plays an important role in getting loans and credit cards sanctioned, because it gives lenders
It is not possible for anyone, either lenders or borrowers, to get a CIBIL™ score or credit report for free.
It is important to know that there is no such thing as a CIBIL™ defaulter list. There used to be a defaulter list earlier,
There is really no number that can be established as the average credit score in India. Many people see regular
You can repair your credit absolutely free if you do it yourself! However, many people choose to get professional help
First, it is important to note that there is no ‘Defaulters List’ that is maintained or circulated by CIBIL™ or any of the other
Sourav and Ankit are watching the New York Marathon on TV and decide that they want to run a marathon.
In India, the best credit score to have is one that is 750 or above. The three credit rating agencies that operate in India
Is a credit score of 700 good? While it is not a very bad score, it is not good enough to automatically qualify
It is difficult to get a loan with a credit score of 650. Most banks look for a minimum score of 750 when deciding
It is not likely that you will get a loan with a credit score of 600. Most banks look for a minimum score of 750
It is difficult to get a loan with a credit score of 550. Most banks look for a minimum score of 750 when deciding
A poor CIBIL™ score can increase your financial problems and make it difficult to access credit, whether as a loan or credit.
One common worry that runs through your mind after you have made a credit card settlement is,
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.