5 min read
Updated on Oct 11, 2022
Inflation has hit almost every sector including healthcare. Thus, it has become important to opt for Top Up Health Insurance Plans offering complete protection and various benefits. Let’s find out more about it!
Like all other industries, the field of healthcare has also seen immense changes and price rise in recent times. Whether you consult a doctor for a minor issue like common cold or a critical illness like heart ailment, you have to pay a heavy consultation fee and go through an immense medical procedure that costs you a substantial amount of money. Thus, purchasing a health insurance plan suiting your requirement is important. You can also consider the numerous top-up plans that are offered by the best health insurance companies. This is because in many cases the health insurance policy you have purchased may not suffice your requirements, especially due to the unpredictable and unforeseen nature of health emergencies. In such situations, the top-up plans come more handy.
Let’s discuss what top-up health insurance plans are and how they can support you.
A health insurance top-up plan is the one that allows the insured to avail medical insurance in addition to their regular health cover. Thus, a top-up plan augments the extent of your health security. As far as functioning of a top-up plan is concerned, it works similarly as the basic health insurance plans. However, the premium of such plans are lower as compared to regular plans and thus they are more affordable and serve as best health insurance in India.
But don’t confuse a top-up health insurance plan with a health insurance add-on. It is not a health insurance rider or add-on that is generally available for any specific illness or purpose. A rider or add-on is available as an additional cover along with the regular health insurance. On the other hand, a top-up health insurance policy is available as a standalone plan. Thus, a top-up plan can function as both individual health insurance along with serving as an additional cover for your regular health insurance.
There are 2 types of top-ups available with the best health insurance policies in India, such as, the top-up plans and the super top-up plans.
1. Top-up Health Insurance Plans – The key feature of a top-up health insurance plan is to offer the insured with additional coverage on the basis of each claim. Under top-up plans, the policyholder can avail the sum insured if their claim amount is greater as compared to the base sum insured of the health insurance policy.
In this case, if you want to file a claim under your top-up plan, you can do so if the amount of your second claim that you want to raise is below the sum insured of the base plan. Thus, for an insured who wants to file a claim under a top-up plan, the amount of the claim has to be higher as compared to the sum insured under the base plan.
You must note that a top-up plan is available for only one claim which is in excess of the claims made under your base health plan.
2. Super Top-up Health Insurance Plan – Unlike the top-up plans, the super top-up health insurance functions on the principle of cumulative claims. Thus, it allows the insured to file multiple claims.
For instance, suppose you have a health insurance base plan of INR 5 lakh and a super top-up plan of INR 7 lakh. Now, suppose your sum insured under base plan gets exhausted, you can raise claims against your super top-up plan.
The Super Top Up Health Insurance Plans are pocket-friendly and they offer coverage above and beyond the base plan. This plan comes with several benefits and features, such as:
To Sum Up
The top and Super Top Up Health Insurance Plans let the insured avail multiple benefits. They allow the insured to avail greater coverage at reasonable premiums. They also allow cashless claims, consumables benefits, and so on. These plans are designed to act as standalone health insurance plans and also complement your current medical policy.
Further, you can compare health insurance plans online to check the best health insurance top up plan in India that you want to buy. You can also compare plans online and check their premiums with the help of a health insurance calculator. This will save your time as well as effort for buying a policy in a hassle-free manner.
In case your health cover doesn’t suffice your requirement, you can use a top-up health insurance policy to suit your needs.
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