5 min read
Updated on Nov 13, 2022
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With the medical costs on the rise nearly all the time, it calls for some financial planning for the future. Medical emergencies can hit anyone, anytime. It only makes sense then to prepare for them in advance, both mentally and financially. Health insurance offers financial protection in times of need; however, sometimes the need may be even greater than the coverage limit of the policy. In such cases, top-up and super top-up health insurance plans come into use.
As the name suggests, a top-up health insurance plan is designed to work as a top-up cover over the base health insurance policy purchased by the policyholder. As is known, a health insurance plan provides coverage up to a specific limit in case of emergencies that require immediate hospitalization.
Now, in case the policyholder requires insurance coverage for an amount higher than the specified limit, he/she would need to purchase an add-on rider cover. However, the additional benefit would cost them higher as well. This is where a top-up health insurance plan enters the picture.
It offers the policyholder the benefit of availing additional coverage over the one that is specified under the base health insurance policy at a relatively lower premium rate. This is the best advantage of taking top-up health insurance – the affordable premium at which one can seek extended insurance coverage.
In case the amount spent by the policyholder on the medical treatment goes beyond what is promised by the insurer under the purchased health insurance plan, the health insurance top-up plan is what one can fall back upon.
Although top-up health insurance is of great use to the policyholder, especially at a time when they need it the most, it does have certain limitations. Top-up health insurance can only be availed when the specified limit of coverage under the base health insurance plan has been exceeded upon. However, this facility is available just once – in case of one single hospitalization only.
This means that in case the same policyholder/patient needs to be hospitalized more than once, they cannot avail the top-up health insurance plan. However, to take care of this drawback, there is the super top-up health insurance benefit.
Super top-up health insurance allows the policyholder to avail additional coverage over the specific threshold limit more than once. This means that multiple health insurance claims can be raised by the insured for hospital stays more than once. This facility is not generally provided by top-up plans.
Now that we know what is top up and the different kinds of top-up insurance plans that are available in the health sector, let us take a quick look at some of the most popular ones in India. Listed below are a few of the renowned top-up and super top up insurance plans in the health category.
|Name of the Top-Up Health Insurance Plan||Eligible Age of Entry||Policy Term||Sum Insured|
|Bajaj Allianz Extra Care||Min – 18 years; Max – 65 years||1 year, 2 years, 3 years||Between Rs. 10 lakh and Rs. 25 lakh|
|Future Generali Advantage Top-Up Plans||Min – Day 1 of buying the base plan; Max – Lifetime Eligibility||1 year, 2 years, 3 years||Between Rs. 50 thousand and Rs. 1 crore|
|New India Assurance Top Up Mediclaim Policy||Min – 18 years; Max – 65 years||1 year||Between Rs. 5 lakh and Rs. 22 lakh|
|Star Surplus Top-Up Plan||Min – 18 years; Max – 65 years||6 months||Silver Plan: Between Rs. 7 lakh and Rs. 10 lakh|
|Gold Plan: Between Rs. 5 lakh and Rs. 1 crore|
|SBI Arogya Top-Up Plan||Min – 3 months of buying the base plan; Max – 65 years||1 year, 2 years, 3 years||Between Rs. 1 lakh and Rs. 50 lakh|
Here are some of the best super top up health insurance plans in the country that you may want to consider investing in:
|Name of the Plan||Age of Entry into the Plan||Policy Term||Total Sum Insured|
|Chola MS Super Top-Up Plan||Min – 3 years; Max – 70 years||2 and 3 years||Between Rs. 3 lakh and Rs. 25 lakh|
|Liberty Connect Supra Top-Up (I & II)||Min – 91 days; Max – 65 years||1, 2 and 3 years||I Plan – Between Rs. 3 lakh and Rs. 20 lakh|
|II Plan – Between Rs. 10 lakh and Rs. 1 crore|
|National Super Top-Up Mediclaim Policy||Min – 18 years; Max – 65 years||1, 2 and 3 years||Between Rs. 3 lakh and Rs. 20 lakh|
|Raheja Health QUBE Super Top-Up Plan||Min – 18 years; Max – 65 years||1, 2 and 3 years||Between Rs. 2 lakh and Rs. 1 crore|
|Universal Sompo Super Healthcare Super Top-Up Plan||Max age limit up to 80 years||1, 2 and 3 years||Gold Plan: Between Rs. 2 lakh and Rs. 10 lakh|
|Diamond Plan: Between Rs. 3 lakh and Rs. 20 lakh|
|Platinum Plan: Between Rs. 10 lakh and Rs. 1 crore|
Wrapping it Up
Top-up and super top-up health insurance is a huge boon to the policyholder, allowing them the privilege of extending the coverage limit beyond the specified threshold at lower premium rates. For the best deals on these top-up plans, visit PayBima and browse through some of the most popular top-up and super-up health insurance policies of 2022 in India.
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