Super Top-Up Health Insurance
1 Crore Health Mediclaim Plan
Top-Up Health Insurance Plan
Affordable protection that goes the extra mile!
1 Crore Health Mediclaim Plan
Affordable protection that goes the extra mile!
Before we proceed further with understanding the working of Health Top-Up Insurance, it is advisable to familiarize yourself with the concept of "Deductible”.
The Top-Up health plan provides coverage similar to a regular health insurance. Only difference is that it kicks in, only when expenses are above the deductible amount. Let’s understand the concept of Top-Up health Insurance with the help of this example.
Suppose you have a Top-up plan with a sum insured of Rs 12 lakh and a deductible limit of Rs 1 lakh, the Top-up health policy will provide coverage for medical expenses exceeding Rs 1 lakh. Now imagine, if you file a claim of Rs 10 lakh, Rs 1 lakh will need to be paid by yourself, while the remaining Rs 9 lakh will be covered by your Top-up plan.
Here is an illustration table to help you understand better:
| Top-Up Plans | |
|---|---|
| Sum Insured | Rs 12 Lac |
| Deductible | Rs 1 Lac |
| Claim Amount | Rs 10 Lac |
| You Pay | Rs 1 Lac |
| Insurer Pays | Rs 9 Lac |
For claims to be eligible for coverage under a top-up policy, each claim must exceed the deductible limit. On the other hand, a Super Top-Up policy covers the cumulative sum of your hospitalization bills that exceed the deductible limit. This means that claims become payable when the combined total of all your claims surpasses the deductible limit within a policy year.
Here is an example to help you understand better:
| Understanding Regular Top-Up & Super Top-up Health Insurance | ||
| Regular Top-Up Insurance Plan | Super Top-Up Plan | |
| Deductible chosen | 3 Lacs | 3 Lacs |
| Sum Insured chosen | 20 Lacs | 20 Lacs |
| 1st claim of the year | 10 Lacs | 10 Lacs |
| You pay | 3 Lacs (Deductible opted) | 3 Lacs (Deductible opted) |
| Your Insurer pays | 7 Lacs | 7 Lacs |
| 2nd claim of the year | 6 Lacs | 6 Lacs |
| You pay | 3 Lacs (deductible opted) | Nothing! 😊 |
| Your insurer pays | 3 Lacs | 6 Lacs |
| 3rd claim of the year | 2 Lacs | 2 Lacs |
| You pay | 2 Lacs (Because Claim amount is less than Deductible) | Nothing! 😊 |
| Your insurer pays | Nothing ☹️ | 2 Lacs |
Thus, a Super Top-Up Health Insurance policy is a wise choice.
Super top-up health insurance can be beneficial for several reasons. Here are the top benefits of Super Top-up Health Insurance:
1Enhanced Coverage: Super top-up plans provide an additional layer of coverage beyond the threshold limit of your base health insurance policy. This means that if your medical expenses exceed the coverage limit of your base policy, the super top-up plan will cover the remaining expenses, reducing your out-of-pocket expenses.
2Cost-effective: Super top-up health insurance plans are generally more cost-effective than buying an additional comprehensive health insurance policy with a higher sum insured. This is because the super top-up plan only kicks in when your medical expenses cross a certain limit.
3Financial Protection : Medical expenses can be unpredictable and sometimes result in significant financial burden. Super top-up insurance provides an added financial safety net, ensuring that you are protected against high medical costs that may exceed the coverage provided by your base policy.
4Flexibility: Super top-up plans are flexible and can be customized to suit your specific needs and budget. You can choose the deductible amount based on your risk tolerance and affordability. Higher deductibles often result in lower premiums, allowing you to tailor the policy to your specific requirements.
5Family Coverage: You can include multiple family members under a single policy, making super top-up policy convenient and cost-effective. It ensures that your loved ones are protected from unforeseen medical expenses.
6Additional Tax benefits : Premium paid towards super top-up health insurance policies is eligible for tax deductions under Section 80D of the Income Tax Act, 1961.
Here are some of the features of a super top-up health insurance plan:
1High Coverage: Super Top-up & Top-up health insurance plans offer higher coverage at a lower premium than regular health insurance plans.
2Flexibility: Super Top-up plans & Top-up health plan are flexible and can be customized to suit your needs.
3No Medical Check-up: In most cases, you don't need to undergo a medical check-up (upto certain age) to buy a super top-up or top-up health insurance plan. This makes it easy and convenient to buy.
4Tax benefits: Premium paid towards super top-up & top-up health insurance plans is eligible for tax deductions under Section 80D.
5Family floater option: Super Top-up & Top-up health insurance plans also offers family floater option, which means that you can cover your entire family under a single policy.
In summary, super top-up & top-up, health insurance plans are a cost-effective way to enhance your existing health insurance coverage and provide financial protection against high medical expenses.
Unsure if a super top-up health insurance plan is suitable for you? Here are the individuals who should seriously consider choosing a super top-up health insurance plan:
Low Coverage Holder
Super Top-up or Top-Up plans can be useful for individuals who have a basic health insurance policy but want additional coverage at an affordable cost.
Corporate Employees
Sometimes, employer-provided health insurance policies have inadequate sum insured amounts. In such cases, you can consider a super top-up or top-up plan to enhance your overall health coverage.
Big Families
Individuals with large families should opt for super top-up or top-up health insurance plans due to their affordable premiums. Furthermore, Top-Up Plans provide an extra enhancement to your existing coverage.
1 Crore Super Top-up Health Insurance Plan - Buy Online
Our health insurance policy will not provide coverage for the following-
Cosmetic treatment
Dental treatment
Pregnancy-related conditions
Injuries caused due to self-harm or suicide attempt
Injuries suffered due to war, nuclear explosion, adventure sport etc.
Pre-existing disease falling under specific waiting period (as per policy T&C)
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Disclaimer- On the basis of your profile, premium may change. Premium displayed here is for 20-25 years old individuals. Per day premium is for indication only, Premium is payable on Annual basis.
