Blogs and Articles

- Team TMP

Super-Boost your health cover with Super Top-Up

The past few years have been a period of uncertainty and a bearer of bad news. Just when we thought this catastrophe was finally beginning to terminate, we are thrown off with yet another hardball. One more variant of the Coronavirus is presented before us- Omicron. Omicron is a subject of global & personal security and the speed at which the cases have spiked in the past days is haunting. So many families were helpless that they couldn’t do anything to save their members. And ironically enough the soaring prices of medical assistance wasn’t any help to these heartburns.

We all have a backup plan for everything in life, but do you have one in place to pay your medical costs when they pile up? It's hard to know how much health insurance you need in the face of rising medical costs, so having a Plan B in place to safeguard you in the case of a medical emergency is essential. That is why, at Testmypolicy.com, we have an incredible solution that will provide you with the financial cushioning you need when your hospitalisation claim expense exceeds your predetermined deductible level, which you may pay from your existing health insurance policy or out of pocket. Adding more benefits to an existing health insurance policy would raise the cost, but there is a creative way to get more coverage without going overboard.

A top-up health insurance plan, as the name indicates, is a programme that provides additional coverage at a cheaper rate than the existing authorised maximum. It may be thought of as a safety net that protects you if you go beyond certain limitations. In a traditional health insurance plan, the insurer pays the amount for which an individual is protected, but there may be times when expenditures surpass this amount, in which case a top-up plan is necessary. After a regular policy's basic threshold limit is exceeded, a top-up health insurance coverage offers additional protection.

But the star of our today’s blog is the Super Top-up plan.

What is that? What are its benefits? How can you avail of it?

Let’s dive right in!

When it comes to implementation, a top-up insurance policy has several limitations that may be avoided by choosing a Super Top-Up coverage. Unlike a Top-up plan, which only pays out if a standard policy's threshold limit is surpassed on a single hospitalisation, a Super Top-up plan pays out if the threshold limit is exceeded on many occasions.

Consider Mr Mehta,

A bank manager with Rs 5 lakh health insurance coverage along with a top-up plan of Rs 10 lakh.

He had previously utilised Rs.7 lakh from his coverage (Base 5 - Top-up 2) for a heart attack earlier this year.

After receiving treatment for his heart attack, he got another attack six months later, resulting in a cost of additional Rs 7 lakh, which is outside the scope of his top-up plan because it only allows repeat claims, in case if the base cover is available.

Instead of this if Mr Mehta would have selected a Super Top-up plan with a cover of Rs 10 lakh with the same threshold of Rs 5 lakh, then in this case he would have been able to claim the whole amount of Rs 7 lakh.

From organ donation costs to new technologically sophisticated therapies such as robotic surgery, everyone may make use of it without any restrictions. The policy also includes global coverage, up to Rs 5 lakhs in air ambulance coverage, up to Rs 2 lakhs in maternity coverage, and consumables coverage, all of which are uncommon advantages.

In layman's terms, a Super Top-up Health Insurance policy covers a variety of claims that a standard top-up plan does not.

So, the question arises, when should you get a top-up or super top-up health insurance policy?

• When their usual health insurance policy is insufficient. In this scenario, they might choose one of these programmes to improve their protection.

• When people wish to expand the amount of coverage they have without having to pay higher rates. A top-up or super top-up plan has a lower cost than a standard plan with the same coverage, allowing them to save money.

According to Money Control, India's healthcare expenditures are rising at double the rate of inflation! Simply put, you'll need a bigger sum insured than your company's plan provides, and a super top-up provides you with exactly that!

If 2020 and the COVID-19 have taught us anything, it's that everything is inherently unpredictable! A super top-up health insurance coverage is a low-cost way to ensure you're protected against life's unforeseen events. And the cherry on the top is that a super top-up health insurance policy, like any other health insurance policy, comes with tax advantages ranging from Rs 25,000 to Rs 75,000!

So, what are you waiting for? Entitle yourself to this super Super top-up plan now and top yourself a step higher in securing yourself and your family financially!