A Walk-through of the Top-up Health Insurance Plans

Medical expenses are hiking up very fast. There are times when medical costs increase more than the inflation. Lifestyle-related diseases because of poor nutrition, inadequate sleep, lack of physical exercise, lots of stress etc. are increasing at a rapid speed. As lifestyle diseases are increasing, more and more people are getting hospitalized at frequent intervals. In such situations, it is absolutely necessary to have adequate health insurance coverage so that these hiking medical costs can be defeated.

Read More

Get ₹5 Lac Health Insurance starts @ ₹200/month*
Get ₹5 Lac Health Insurance starts @ ₹200/month*
Tax Benefitup to Rs.75,000
Save up to 12.5%* on 2 Year Payment Plans
7 Lakh+ Happy Customers

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Get insured from the comfort of your home No medicals required
I am a

My name is

My number is

By clicking on ‘View Plans’ you, agreed to our Privacy Policy and Terms of use
Close
Back
I am a

My name is

My number is

Select Age

City Living in

    Popular Cities

    Do you have an existing illness or medical history?

    This helps us find plans that cover your condition and avoid claim rejection

    Get updates on WhatsApp

    What is your existing illness?

    Select all that apply

    When did you recover from Covid-19?

    Some plans are available only after a certain time

    Earlier, health insurance coverage worth Rs. 3 Lakhs used to be adequate for a family of four members. Now, it is considered as inadequate. Increased medical insurance cover can be an additional burden on your shoulders and not everyone can bear it. That is why a top-up health insurance cover is very convenient.

     

    What is a Top-up Cover?

    It is an add-on health insurance cover that provides you coverage over and above your original medical insurance coverage. For instance, if you have medical insurance cover of Rs. 3 Lakhs. To get additional coverage, you can buy a top-up health cover offered by the same insurance company. You buy a top-up cover of Rs. 4 Lakhs, and your deductible is Rs. 3 Lakhs. If you are hospitalized and your treatment expense is Rs. 5 Lakhs, the expenses of Rs. 3 Lakhs would be paid by your insurer. The remaining balance of Rs. 2 Lakhs would be paid by your top-up cover. 

    Top-up Health Insurance Plans

    What is a Deductible?

    Before going any further, you should know what the meaning of the term ‘deductible’ is. A top-up cover comes with a specific cut-off amount that is called ‘deductible’. It implies that the top-up plan won’t provide you the coverage up to this specified limit. 

    In the example mentioned above, if the top-up plan deductible was Rs. 3 Lakhs, the payment up to this limit would either have to be paid by the primary medical insurance or you would have to pay it from your own pocket. Expenses above this are eligible for being paid by the top-up plan. A lesser deductible in a top-up plan is recommended. But, one thing you have to keep in your mind is that if your deductible is lower, then your premium would be higher. It is very important to choose your top-up plan with utmost care so that the perfect balance between the adequate cover and adequate deductible is maintained.

    How to Make the Best Usage of a Top-Up Plan?

    Everybody who is planning to buy a top-up cover has this question in his mind. The ideal way to make the best usage of a top-up plan is to select the deductible very smartly. Generally, it is wise to go for a deductible that is equivalent to the sum assured provided by your primary medical insurance policy. In this way, the expenditure up to the deductible   

    A top-up cover is very economical when it comes to enhancing your medical insurance coverage and it is nice if think that your existing coverage might not be adequate to meet any medical needs of your family.

    What are the Benefits of a Top-up Cover?

    Usually, a top-up cover is cheaper than having a full-fledged medical insurance cover. It is due to the deductible clause in an insurance plan. A top up cover can offer various benefits in case of high hospitalization expenses. A top-up cover is ideal for the health insurance buyers who don’t wish to spend much on the premium. 

    In the example mentioned above, in the absence of top-up cover, the expenses were Rs. 5 Lakhs. In this case, only Rs. 3 Lakhs will be paid by your primary insurance. The remaining balance of Rs. 2 Lakhs you would have to pay from your own pocket.

    You may like to Read: Benefits of Having Multiple Health Insurance Plans

    What are the Drawbacks of the Top-Up Insurance Plan?

    Though having a top-up is very beneficial, you have to be aware of the clauses related to the deductibles very carefully. You don’t get any benefit up to the deductible limitation that has been opted for by you. In case of multiple hospitalizations, these plans generally don’t work. To combat this drawback, you can go for super top-up plans.

    Written By: PolicyBazaar - Updated: 02 August 2021
    Search
    Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

    Health insurance articles

    Recent Articles
    Popular Articles
    Health Insurance for Autoimmune Diseases in India

    16 Sep 2021

    Every human body comes with an immune system to fight against...
    Does Health Insurance Cover Multiple Sclerosis In India

    15 Sep 2021

    Due to a hectic lifestyle leading to unnecessary stress and...
    Critical Illness Insurance Policy For Stroke Patients In India

    14 Sep 2021

    Medical emergencies are unpredictable and it brings a lot of...
    Which Health Insurance to Buy for People below Poverty Line?

    09 Sep 2021

    Although the penetration of health insurance in India is quite...
    List of Diseases Covered by Star Health Insurance

    07 Sep 2021

    Getting diagnosed with a major illness is not only stressful but...
    Best Health Insurance Plans in India 2021
    Finding the best health insurance plan from so many different health insurance companies can get confusing for many...
    Top Maternity Insurance Plans
    Maternity or pregnancy is an important phase of life, and one needs to prepare in advance to embrace parenthood...
    Top Family Health Insurance Policies in India 2021
    From the air we breathe to the food we eat; everything is intentionally or unintentionally subjected to...
    Health Insurance Claims Ratio- Things You Should Look Before Buying Health Insurance
    There has always been a doubt in customers mind about whether the private company will keep its side of the bargain...
    Best Health Insurance Plans for Senior Citizens in 2021
    Considering the increasing percentage of medical inflation in India, it has become an absolute necessity to buy...
    Close
    Download the Policybazaar app
    to manage all your insurance needs.
    INSTALL