Suggested
Health Blog
05 Jan 2025
502 Viewed
Contents
With every passing day, new diseases are getting known and inflation is rising rapidly too. Given the scenarios around, your existing health insurance plans might not suffice in case of a medical emergency. The simple reason for this is generally, health insurance cover ranges from Rs. 3 to 5 lakhs. You might need additional coverage to pay your total medical expenses.
Super top up health insurance is an additional policy with your existing health insurance plans as a base policy where if your medical expenses exceed the sum insured in the base policy, you can claim an excess amount under super top up health insurance to the extent of the amount insured.
Super top-up health insurance plans offer enhanced coverage at an affordable cost. Here’s a breakdown of who should consider this option:
If your employer-provided insurance has insufficient coverage, a super top-up plan can enhance the sum insured at a lower cost than a standard plan.
If your current health insurance sum insured is inadequate or lacks comprehensive benefits, a super top-up policy allows you to boost coverage without replacing your existing plan.
Read More: What is Deductible in Super Top-Up Health Insurance?
Criteria | Top-Up Plan | Super Top-Up Plan |
---|---|---|
Coverage | Single claim above deductible limit | Cumulative claims above deductible limit |
Single claim of 12L | Covers 7L above 5L deductible | Covers 7L above 5L deductible |
Two claims of 4L | No payout; each claim is below deductible | Covers 3L (total claims exceed deductible) |
Claims of 7L and 4L | Covers 2L for first claim; second claim denied | Covers 6L (remaining amounts from both claims) |
Super top-up plans do not cover:
By opting for a super top-up health plan, you can ensure financial preparedness for medical emergencies without the burden of hefty premiums.
If you are someone who doesn’t have regular medical expenses coming up requiring claims to be made, a normal top up might suffice. If you are someone who is suffering from any severe disease or someone approaching their 50s or above, it is advisable to go for a super top up health insurance policy.
If you are aware of the meaning of sum insured then you also know that as it rises so does the annual premium. On the other hand, if you choose a super top up policy as per your need then the premium to be paid for increased sum insured is comparatively lower.
Read More: What Is Top-Up Health Insurance and How Does It Work?
First and foremost, you need to decide on the deductible. It is advisable to keep the amount of deductible equal to or at least near to the sum insured of the base policy. You remain secure for any sum payable by you provided it is within the sum insured under super top up plan. Example: If you have a health insurance plan of Rs. 3 lakhs as a base policy with a co-payment clause of Rs. 50000, and you have a super top up policy with a deductible of Rs. 3 lakhs. Now if you incur a medical expense of Rs 1.5 lakhs. You will have to make a payment of Rs 50000 and the insurance company will pay Rs 1 lakh. Later, in the same policy year, you incur another medical expense of Rs. 4 lakh. Now you can claim Rs 1.5 lakhs under the base policy and Rs 2.5 lakhs under the super top up policy.
Whenever one buys a top up health insurance policy, he must look for ‘Net Coverage’ which essentially means the sum insured less deductible payable by the policyholder. Example: Riya has a super top up health insurance policy with a sum insured of Rs 8 lakhs and a deductible of Rs 3 lakhs. This means her net coverage is Rs 5 lakhs.
The amount of claim is decided based on various parameters. Pre-diagnosis checkups, ambulance or other transportation expenses, category of rooms, network or non-network hospitals, and various other factors are considered in deciding the claim amount. Now if the parameters are the same for both the policies then it’s better as the claims can be made without any recalculation. Example: If as per conditions under the base policy, the claim amount comes to Rs 4 lakh with a sum insured of Rs 3 lakh then you need to make an additional claim under super top up health insurance. However, the eligible claim amount calculated under the super top up policy as per its conditions is Rs 3.5 lakh and your super top up has a deductible of Rs 3 lakh then you will be paid additional Rs 50000 only.
Read More: Difference Between Top-up vs Super Top-up Health Plans
Yes, you do get income tax deduction under section 80D for super top up premium paid.
Though it depends on the provider, these policies may require certain tests for pre existing diseases or if you are above a specific age say 45 or 50 years.
It has both the variants, individual policy and family floater policy. you have to choose it based on your needs.
50 Viewed
5 mins read
08 Nov 2024
113 Viewed
5 mins read
07 Nov 2024
341 Viewed
5 mins read
17 Apr 2025
33 Viewed
5 mins read
17 Apr 2025
What makes our insurance unique
With Motor On-The-Spot, Health Direct Click, etc we provide fast claim process , Our sales toll free number:1800-209-0144