Illness and accidents happen unexpectedly, and one trip to the hospital can wreak havoc on your best financial planning. Hospital bills can be exorbitant, your regular health insurance plan may not cover your benefits, and you may have to dip into your savings to pay the hospital bills. Super Top-up Health Insurance In these difficult financial times, these plans come as a blessing in disguise.
Super Top Up Health Insurance Plans are similar to regular health insurance but they only kick in once you exceed the sum insured. Read on to understand what exactly Super Top Up Health Insurance Plans are and how they differ from regular health insurance.
What is a regular health insurance plan?
A regular health insurance plan gives you instant medical coverage up to a specified amount starting from the first rupee paid at the time of hospitalization. Health Insurance Premium Calculator.
Regular health insurance plans provide financial peace of mind as they cover a wide range of medical events and expenses like pre- and post-hospitalisation expenses, ambulance charges, room charges etc., without the worry of paying exorbitant medical bills out of pocket. Some regular health insurance plans also offer cashless hospitalisation in their network hospitals, simplifying the claim process.
What is Super Top-up Health Insurance?
Super Top Up Health Insurance Plans extend the coverage of your existing regular health insurance. However, unlike regular top up plans, Super Top Up Plans cover your full medical expenses after deductibles. Super Top Up Health Insurance allows you to get the most out of your regular health insurance plan and make your health a priority.
Let us understand this with the help of an example: Nina has a regular health insurance policy with an insured sum of Rs 500,000, which covers medical expenses from the first Rs 1 up to Rs 500,000.
Further, Nina has a Super Top Up plan with a deductible of Rs 500,000 and a coverage of Rs 1 million. While her regular health insurance plan covers the first Rs 500,000, the Super Top Up health insurance plan covers any additional expenses/hospital bills up to Rs 1 million. Note that Nina’s total coverage is Rs 1.5 million (Rs 500,000 for the basic plan and Rs 1 million for the Super Top Up).
Difference between Super Top-up Health Insurance and Regular Health Insurance
Regular Health Insurance Plans and Super Top-Up Health Insurance Plans may sound similar, but they have very distinct features and differences. The table below will help you understand the differences between the two plans in detail.
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Regular health insurance plan |
Super Top-up Health Insurance Plan |
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It provides instant coverage from the first rupee incurred on hospitalization up to a certain sum assured. |
Supplementary health insurance that supplements your regular health insurance and covers medical and hospital expenses when the total medical expenses exceed a certain threshold. |
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It covers hospitalization costs, ambulance fees, pre- and post-hospitalization expenses, and in some cases, day care treatment up to a specified amount. |
It covers hospitalization and medical expenses once you exceed your deductible. |
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As this insurance provides coverage from the first occurrence of medical expenses, the premiums are higher than those of the Super Top-up plan. |
Because coverage for this insurance begins once the deductible limit is met, premiums are lower than regular health insurance. |
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There is no deductible as this insurance provides coverage from the first rupee paid. |
There is a deductible, and once you exceed it, Super Top-Up will cover the remaining costs. |
Regular health insurance plans are a great starter pack for those who want to get health insurance right away and can afford to pay high premiums.
However, if you want to extend your coverage in a cost-effective manner with lower premiums or if you already have a health insurance policy that provides instant coverage up to your deductible limit, then a Super Top Up Health Insurance Plan is the perfect choice.
Conclusion
Lifestyle-related diseases are on the rise. Therefore, proper diet, exercise and quality sleep are essential to stay healthy. However, if you have any health concerns, having a comprehensive health insurance policy can give you the financial support you need and ensure you receive timely specialist medical assistance. Moreover, combining your regular health insurance plan with a super top-up health insurance plan is a smart strategy as it provides you with a wide range of coverage at an affordable premium.
