Super Top Up policies are similar to top-up policies, but you can tell them differently thanks to a few key distinctions. Additional coverage that goes beyond the limits of your existing policy is provided by top-up health insurance policies.
As a result, in order for the policy to pay out any money, each of your claims must be worth more than the threshold limit of the policy. On the other hand, the Super Top Up coverage covers all of your hospital expenses that are greater than a specific amount. Therefore, the amount of the claim is determined by adding together all of your claims that exceed the deductible level throughout a policy year.
What is the Super Top-up Health Insurance Plan?
A super top-up health plan covers all hospital expenses up to the plan’s maximum, which is greater than your deductible. Therefore, the super top-up coverage will pay any subsequent claims once your deductible has been satisfied. In contrast to a typical top-up plan, which only pays individual claims beyond the deductibles, it covers expenditures over time.
This deductible amount is already set. For instance, if your Super Top-Up Plan costs Rs. 10 lakh and has a Rs. 3 lakh deductible limit, the Super Top-Up Policy would pay for any medical expenses exceeding Rs. 3 lakh. Your current health insurance can cover the first portion of this deductible, and the super top-up insurer can cover the remaining amount.
Who Should Purchase the Super Top-up Health Plan?
There are several reasons to acquire a Super-top up plan. Here are a few examples:
- Parents and Senior Citizens (over 60): As the age of the covered individual increases, so does the premium. The premium may be significantly reduced when you get super top-up insurance. The only drawback is that the deductibles must be paid out of pocket, either through your current health plan or through a company plan.
- Employer Health Plan Upgrade: Purchase a Super top-up health plan to enhance your company’s health insurance if your sum covered is insufficient. You may enhance your coverage with a super top-up plan without spending as much as you would for a conventional health plan.
- If You Feel Your Current Mediclaim Coverage Is Insufficient: If you feel your current mediclaim policy’s amount insured is too low and the benefits are insufficient, you may add extra coverage with a super top up plan without having to purchase or transfer to a new comprehensive health plan.
Types of Top-Up Health Insurance Plans in India
There are two different types of Top-Up health insurance policies in India:
- Top-Up Insurance: A top-up insurance plan increases the amount insured up to a certain level. The top-up plan kicks in when medical expenses exceed the deductible.
- Super Top-Up Insurance: After the threshold limit has been reached, further insurance coverage is provided through this add-on plan. While the top-up plan simply considers the threshold limit or deductible for each claim, the super top-up plan considers all claims made during a policy term.
If the sickness returns within 45 days after being discharged from the hospital, it is often only considered as one illness for both plans. However, if the ailment returns 45 days after being treated and released, it is typically diagnosed as a new condition.
Conclusion
You may get the best health insurance policy in India. Choose the super-top-up health insurance plan that best suits your needs by comparing the top options available in India. Super Top up serves as a backup to current health insurance (personal health insurance or health insurance provided by employer or other group). A typical health insurance policy includes a sum insured cap, over which no additional medical costs are covered. When the sum insured from an existing health policy has been used up or is inadequate to cover a claim, a “Super Top-Up” coverage might be advantageous.