Is your existing health insurance sufficient to meet the rising medical expenses? If not, get a Super Top Up Plan to enhance your base Health Plan!
A health insurance policy financially secures your planned and unforeseen medical expenses up to the sum assured that you have opted for. At least, a basic health insurance cover assures you only that. Now let’s assume, you had a planned surgery earlier in the year, and an unexpected medical expenditure later. In case you have already claimed the entire sum assured for your surgery, you will be in a soup when the medical emergency arises. You have already exhausted the sum assured that you felt would be sufficient for your needs at the time of purchasing the policy, but life is full of uncertainties. The moment you feel you have made the necessary arrangements and your life is sorted, you will receive a Googly and life will be thrown off-balance yet again!
Jokes apart, the smart way to tackle such unwanted surprises is to be financially prepared for them well in advance. And a Super Top Up plan over and above your basic health insurance policy offers you just that. What’s more, you can avail the additional coverage and all the associated benefits of a Super top-up plan at an affordable premium. In short, they make you eligible for multiple claims in a year, even if you have exhausted the full sum assured.
Let’s take a few examples to understand Super Top Ups better.
Assume Mr. Mehta’s gets hospitalized and runs up a medical bill of Rs. 10 lakhs. A large bill has been generated which has gone beyond Rs. 7 lakh, which is his health insurance policy sum insured. In such a situation, he can claim only Rs. 7 lakh against his health insurance, while the remaining Rs. 3 lakh will have to be borne by him. With a Super Top Up plan, he will be eligible for claiming the additional medical expenditure of Rs. 3 lakh as well. How convenient is that?
Take another instance. Mr. Das claims Rs. 4 lakhs from his total sum assured of Rs. 6 lakhs to meet the expenses incurred for a planned hospitalization. A couple of months later, he has to be hospitalized again. This time, his bill totals Rs. 3 lakh, exceeding his remaining sum assured of Rs. 2 lakh by Rs. 1 lakh. How would he meet this expense? A Super Top Up plan would come to his rescue.
Here are some salient features and benefits of Super Top Up plans at a glance:
Additional benefit over the base plan – A Super Top plan serves as an additional insurance cover, as evident from the name. It supplements your health plan by covering medical expenses over the deductible.
Lower premium – One can get a top-up health insurance policy at lower premiums, with the premium amount depending on the deductible. A higher deductible results in a lower premium and vice-versa.
Claim Settlement – Claims are settled when medical bills cross the deductible threshold limit.
Multiple Claims – You can make multiple claims under your super top-up plan till your sum insured gets exhausted.
How to save money through a Super Top-up Plan
Less-than-usual premium: When you require a sufficient cover on your health insurance plan, you will obviously have to pay a substantially higher premium, right? No! With a Super Top Up plan, you wouldn’t. Just a small premium will make you eligible for a coverage of Rs. 25 lakh.
Tax benefits: Tax deductions of up to Rs. 75,000 are applicable on health insurance premiums under Section 80D of the Income Tax Act, 1961. Premiums paid towards a Super Top-up Plan are also eligible for deductions under this section within the overall limit of Rs. 75,000.
Super Top Up Plans from Top Insurance Companies in India
When you want to purchase a Super Top Up plan, one of these might be just what you are looking for:
HDFC Health Suraksha Top-up Plus – Looking for a mediclaim policy for your family? Or maybe just for you. Designed as a family floater plan, the deductible component starts from Rs. 1 lakh, while the sum assured varies between Rs. 2 lakhs and Rs. 10 lakhs.
Apollo Munich Optima Plus – This policy serves the dual purpose of offering the benefits of a Super Top Up plan and a zero deduction health insurance plan post retirement.
Star Health Super Surplus – The deductible begins from Rs. 3 lakhs, while the cover ranges between Rs. 7 lakhs and Rs. 10 lakhs.
Religare Enhance - This Super Top Up plan offers a cover between Rs. 1 lakh and Rs. 30 lakhs, and is an effective plan for your family. No sub-limits are applicable on this plan.
Looking at today’s rising expenses around us, health expenditure is no exception. In fact, health expenses are rising at a much faster pace and are always ready to exhaust your hard earned money. Increasing the sum insured of the base plan might not be a smart idea as it would put a lot of strain on your pocket. So, the simplest and ideal way of increasing health insurance coverage in a pocket friendly way is to getting a Super Top-up Plan to your base health insurance plan.