Things to Remember
- Base health policy: You can opt for a top-up or a super top-up policy even if you do not have a base health policy. However, it is highly advisable to have a regular health insurance policy, given the rising medical inflation.
- Premium: The premium amount depends on various factors, including the deductible. Usually, a higher deductible implies a lower premium for the insured person. So, decide after you have assessed your needs.
- Deductible: Every top-up or a super top-up health policy comes with a deductible. It is better to opt for the deductible carefully so that you can easily manage your medical expenses without any impact on your savings.
How to Choose Between Super Top-up and Top-up?
People often get confused when selecting between top-up and super top-up plan. Each plan has its benefits. A normal top-up plan is less expensive in the short term, but it usually has a smaller coverage in terms of the types of illnesses. It can become more expensive in the long run since it covers only a single claim, unlike super top-up policies. It is, therefore, better to go for this plan if you do not suffer from any chronic illness or do not run the risk of getting a terminal disease.
A super top-up plan, on the other hand, is quite economical in the long run. It also provides coverage for a broad spectrum of illnesses. It is ideal for senior citizens, who tend to face an increased risk of hospitalization and incur medical expenses very frequently. The cumulative coverage can be very beneficial here. It is also advantageous if you think you have higher chances of hospitalization more than once in a year. It is then necessary to consider your medical needs, budget, premium cost, and medical history before choosing any health insurance plan to make a well-thought-out decision.
Enhance a Super Top Up plan by Care Health Insurance works on the simple principle of policy deductible, which is the predefined amount that you will bear, through your finances or any other health insurance, during a medical event. We will settle the amount over and above policy deductible. Suppose you opt for a policy of Rs. 6 lakh sum insured with a deductible of Rs. 2 lakh. Then, the 2 lakh will be borne by you and 6 lakh over and above the deductible of 2 lakh will be borne by us during the policy period.