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Top Up Policy Vs Super Top Up Health Insurance Policy

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Top Up Health Insurance

Top Up Policy Vs Super Top Up Health Insurance Policy

A Health Insurance is a type of insurance coverage that covers medical expenses that occurred due to illness of an insured individual or a family.

What is Top Up Health Insurance
A top-up health Insurance-policy is an additional coverage for people who have an existing individual plan or family floater or a mediclaim from the employer.

Why Do I need Top Up Health Insurance When I Have A Health Insurance Policy
Some times Medical costs may go more than the insured value of your normal health insurance policy and at that time a Top Up Health Insurance stands as an additional cover to your health insurance.

Premium will be low and insurance will be high for eg. in health insurance for 2 lakhs it costs 2000 rs, in Top Up Health Insurance for 10 lakhs it costs 2000 rs.

How Top Up Health Insurance Policy Works : Assume a person took health insurance of 2 lakhs and Top-Up health insurance Policy of 8 lakhs with the threshold limit of Rs 2 Lakhs

Scenario 1 : Year 1 With Single Claim of 2 lakhs : Amount will be paid from his Health Insurance Policy

Scenario 2 : Year 1 With Single Claim of 5 lakhs : 2 lakhs amount will be paid from his Health Insurance Policy and 3 lakhs will be paid by top-up health policy

Scenario 3 : Year 1 With Double Claim (A & B) : Here in this scenario a person is hospitalised for 2 times in a year

-> A : Claim of 4 lakhs : 2 lakhs amount will be paid from his Health Insurance Policy and 2 lakhs will be paid by top-up health policy

-> B : Claim of 5 lakhs : As you have already claimed 2 lakhs amount from your Health Insurance Policy so you have to pay 2 lakhs from your pocket and remaining 3 lakhs will be paid by top-up health policy

Scenario 4 : Year 1 With Tripple Claim (A, B & C) : Here in this scenario a person is hospitalised for 3 times in a year

-> A : Claim of 3 lakhs : 2 lakhs amount will be paid from his Health Insurance Policy and 1 lakh will be paid by top-up health policy

-> B : Claim of 2 lakhs : As you have already claimed 2 lakhs amount from your Health Insurance Policy so you have to pay 2 lakhs from your pocket

-> C : Claim of 5 lakhs : As you have already claimed 2 lakhs amount from your Health Insurance Policy so you have to pay 2 lakhs from your pocket and remaining 1 lakh will be paid by top-up health policy

What is Super Top Up Health Insurance
A Super Top Up health Insurance-policy is an additional coverage for people who have an existing individual plan or family floater or a mediclaim from the employer. It is similar to top-up health Insurance-policy but has additional feature

Why Do I need Super Top Up Health Insurance When I Have A Health Insurance Policy
Some times Medical costs may go more than the insured value of your normal health insurance policy and at that time a Super Top Up Health Insurance stands as an additional cover to your health insurance.

Premium will be low and insurance will be high for eg. in health insurance for 2 lakhs it costs 2000 rs, in Super Top Up Health Insurance for 10 lakhs it costs 2000 rs.

How Super Top Up Health Insurance Policy Works : Assume a person took health insurance of 2 lakhs and Super Top Up health insurance Policy of 8 lakhs with the threshold limit of Rs 2 Lakhs

Scenario 1 : Year 1 With Single Claim of 2 lakhs : Amount will be paid from his Health Insurance Policy

Scenario 2 : Year 1 With Single Claim of 5 lakhs : 2 lakhs amount will be paid from his Health Insurance Policy and 3 lakhs will be paid by super top up health policy

Scenario 3 : Year 1 With Double Claim (A & B) : Here in this scenario a person is hospitalised for 2 times in a year

-> A : Claim of 4 lakhs : 2 lakhs amount will be paid from his Health Insurance Policy and 2 lakhs will be paid by super top up health policy

-> B : Claim of 5 lakhs : As you have already claimed 2 lakhs amount from your Health Insurance Policy so 5 lakhs will be paid by super top up health policy

Scenario 4 : Year 1 With Tripple Claim (A, B & C) : Here in this scenario a person is hospitalized for 3 times in a year

-> A : Claim of 3 lakhs : 2 lakhs amount will be paid from his Health Insurance Policy and 1 lakh will be paid by super top up health policy

-> B : Claim of 2 lakhs : As you have already claimed 2 lakhs amount from your Health Insurance Policy so 2 lakhs will be paid by super top up health policy

-> C : Claim of 5 lakhs : As you have already claimed 2 lakhs amount from your Health Insurance Policy so 5 lakhs will be paid by super top up health policy

What is the difference between Top Up and Super Top Up Health Insurance

As mentioned above both Top Up and Super Top Up Health Insurance acts as an additional coverage to your health Insurance, major difference is each time you get hospitalized in an year top up health insurance excludes the threshold limit but this will not happen in super top up health insurance

Based on the above explanations you think and take Top Up Health Policy or Super Top Up Health Policy. We suggest you to take Super Top Up Health Policy.

What is threshold limit in Top Up Insurance and Super Top Up Health Insurance
Threshold Limit In Top Up Insurance and Super Top Up Health Insurance is the limit after that Top up health policy covers.

For Eg:

  • If you have a health insurance of 2 lakhs then 2 lakhs will be Threshold Limit
  • If you have a health insurance of 3 lakhs then 3 lakhs will be Threshold Limit
  • If you have a health insurance of 4 lakhs then 4 lakhs will be Threshold Limit

Note : To take Top Up Health Policy or Super Top Up Health Policy you should have a Health Insurance policy first.

Tags : Top Up Health Insurance, Super Top Up Health Insurance, Top Up Vs Super Top Up Health Insurance, Top Up Health Policy, Super Top Up Health Policy