Maximising Your Health Insurance Policy in India: The Advantages of Super Top-Up Plans

Health insurance plans offer financial security up to the sum insured. Most insurance companies have a maximum cap on the available sum insured. What can you do when you need financial security beyond the offered sum insured? You can use the super top-up plans from ACKO if you like your existing policy but want to enhance overall coverage. Let's explore how to enjoy the benefits of these super top-up plans.

What is a Super Top-Up Insurance Plan?

With various options of health insurance policy in India, you need to find a single plan that caters to all your coverage needs and fits within your budget. Purchasing multiple health insurance plans is not useful because you can only file your claim with one insurer for an illness. However, the maximum payout from your insurer is capped by the sum insured.

When you need coverage over and above your existing health insurance plan, super top-up health insurance is wise. After you exhaust your medical insurance policy, the super top-up plan will kick in to cover the medical expenses, again capped by the sum insured for the top-up plan.

A regular top-up plan only covers one claim exceeding the deductible limit per policy year. With a super top-up plan, you can make multiple claims per year based on the policy terms.

Who Needs a Super Top-Up Health Insurance Plan?

Health insurance offers financial security, but a super top-up plan adds to this security. It is useful in the following cases:

• Enhance coverage of your existing policy without purchasing a new policy.
• If your existing policy has a higher deductible clause, you can augment it.
• People who have corporate health insurance can extend coverage with a super top-up plan.
• Individuals covered under family floater can also buy a super top-up plan for extended coverage.
• When your risk of diseases is higher due to a family history of hereditary illnesses.
• If you live in areas where certain diseases are more prevalent.
• Higher risk of injury due to your lifestyle or job.

When Can You Use a Super Top-Up Plan?

The top-up health insurance plans are suitable when you need coverage beyond the existing limit of your regular health insurance. When your claim amount exceeds the maximum sum insured by your health insurance, a super top-up plan will be useful to cover the excess amount. For example, if your medical bill is Rs. 6 lakh and your health insurance is Rs. 5 lakh, you can use the super top plan to cover the excess of Rs. 1 lakh.

Benefits of Super Top-Up Plan

A super top-up plan offers the following benefits:

• Affordable premiums: Top-up plans with a higher sum insured are more affordable.
• Extended coverage: Similar to health insurance plans, super top-up plans also cover hospitalisation, pre- and post-hospitalisation expenses, daycare treatment costs, non-medical expenses, road ambulance, organ donor expenses, AYUSH treatments, and more based on policy terms.
• The boost offered by the top-up plan offers peace of mind as you don't have to worry even about prolonged hospitalisation, critical illness, or other diseases requiring more hospitalisation.
• Cumulative bonus: Many insurers offer cumulative bonus features and increase the sum insured by a super top-up plan per policy year, regardless of whether you have made claims.
• Multiple claims per policy year: When your illness demands frequent hospitalisation or an emergency occurs more than once per year, you can make multiple claims with a super top-up plan as long as the total claim amount is more than the super top-up deductible.

Takeaway

The super top-up plan is an excellent option to increase coverage and sum insured without choosing an expensive health insurance policy. It must be considered a backup for your existing insurance, though it is unnecessary.

Worried that your insurance policy will not cover bigger medical expenses? Get more and pay less by choosing the best super top-up health insurance available from various insurers at ACKO.

Disclaimer: The information provided on the Website does not constitute investment advice, financial advice, trading advice, or any other form of advice, and you should not interpret any of the financial content as such. Please conduct your own due diligence and consult with a financial advisor before making any investment decisions. Midday does not endorse or promote any such activities, and you access them at your own risk, fully understanding the monetary and legal consequences involved. Midday shall not be held responsible for any losses you may incur as a result of using any such apps or websites.