Shabnam got a call from an insurance adviser. The adviser informed her about attractive premiums on super top-up medical insurance policies.
Now, she already has medical insurance from her employer. She wondered if there was a need to have any other medical insurance.
The adviser apprised her to read this article in The Economic Times. The article mentioned that soon, Indians won’t be able to afford hospitalisation without insurance like in the US. Shabnam read the article. It was an eye-opener for her.
The adviser also made her understand super-top medical insurance or super top-up health insurance plans. Here’s what the adviser told her:
Medical Inflation
The rising costs of medical expenses are called medical inflation. And over the past years, medical and hospitalisation expenses have been steadily rising. If you compare the hospitalisation cost, it almost doubles what it did a few years back. And with this inflation, likely, we will all require health insurance for affordable healthcare, like in the United States.
Still, you tend not to factor it when you calculate your medical insurance cover needs. Your employer’s medical insurance cover may have seemed appropriate a few years back. But is it good enough to cover you considering the rising costs? You should assess your medical insurance needs based on the current costs.
Higher Medical Insurance Cover
You might need higher medical insurance coverage than what your employer provides. But when you calculate the premium, it too rises proportionately. And it may so happen that the higher premium may not fit in your annual medical insurance budget. So, is there a solution? Luckily, yes!
There is a way to increase your medical insurance cover. And that, too, at only a marginal increase in premium. The solution is a super top-up medical insurance policy. Are these terms confusing? Don’t worry. Read along to find out what it is.
But, first, let us see what top-up medical insurance is.
Top-up Medical Insurance Policy
It covers medical expenses over and above a fixed amount called the deductible limit. Also, it covers medical expenses up to a fixed limit called the sum insured. You may choose to pay the deductible limit from your pocket. Or you may do what most people do. They go for a top-up policy whose deductible is the same as the sum insured of their existing policy.
Top-up Premium is Less Than Basic Policy Premium!
Suppose your existing medical insurance cover is ₹5 lakh. And the premium for it is ₹6000. You can go for a top-up of ₹5 lakh. But won’t the premium on the top-up policy be another ₹6000? In such a case, won’t it be beneficial to get a basic policy of ₹10 lakh for a premium of ₹12,000?
What’s the difference?
The answer is that the premium on the top-up is less! Yes, the premium on the top-up is generally almost half the premium on a basic policy for the same sum insured, i.e. insurance cover.
Thus, a medical top-up plan is a great way to increase your insurance cover. That too, at nominal extra cost!
Is There Anything You Should Be Aware Of?
A top-up medical insurance policy has a condition. The expense incurred over the deductible should be for a single hospitalisation.
Let us understand this statement better with the earlier example.
If you had two hospitalisations in a year costing ₹3 lakhs each, the top-up wouldn’t apply even if you incurred a total medical expense of ₹6 lakh in that year. This is because your expense for each hospitalisation individually was ₹3 lakh. This did not exceed the deductible.
So is there a solution to this? Yes, of course, the solution is super top-up.
Super Top-up Health Insurance
Super top-up is all that a top-up is and more. The “more” is what makes it unique. Super top-up considers all your medical expenses in a year together.
If we continue with the same example given above, your super-top up would have kicked in. This is because the total medical expense was more than the deductible.
How to Enhance Your Medical Insurance Cover at a Nominal Extra Premium?
The answer to this question is getting a super top-up plan along with a basic plan. To reap the benefits, make sure that the sum insured of the basic policy is the same as the deductible of the super top-up.
This way, if the medical expense is less than the sum insured, the basic policy kicks in. And if the medical expense is more than the sum insured of the basic, the super top-up kicks in. And all this at a nominal extra premium!
Super Top-up Medical Insurance: An Optimal Solution
Super top-up is a win-win situation for both the insured and the insurer. The insured gets extra cover; the insurer receives an additional premium.
No wonder Shabnam found this attractive and opted for a super top-up. She says that the peace of mind she has now is priceless.
With this information, you can now buy super top-up health insurance with ease.
Read about
Shabnam got a call from an insurance adviser. The adviser informed her about attractive premiums on super top-up medical insurance policies.
Now, she already has medical insurance from her employer. She wondered if there was a need to have any other medical insurance.
The adviser apprised her to read this article in The Economic Times. The article mentioned that soon, Indians won’t be able to afford hospitalisation without insurance like in the US. Shabnam read the article. It was an eye-opener for her.
The adviser also made her understand super-top medical insurance or super top-up health insurance plans. Here’s what the adviser told her:
Medical Inflation
The rising costs of medical expenses are called medical inflation. And over the past years, medical and hospitalisation expenses have been steadily rising. If you compare the hospitalisation cost, it almost doubles what it did a few years back. And with this inflation, likely, we will all require health insurance for affordable healthcare, like in the United States.
Still, you tend not to factor it when you calculate your medical insurance cover needs. Your employer’s medical insurance cover may have seemed appropriate a few years back. But is it good enough to cover you considering the rising costs? You should assess your medical insurance needs based on the current costs.
Higher Medical Insurance Cover
You might need higher medical insurance coverage than what your employer provides. But when you calculate the premium, it too rises proportionately. And it may so happen that the higher premium may not fit in your annual medical insurance budget. So, is there a solution? Luckily, yes!
There is a way to increase your medical insurance cover. And that, too, at only a marginal increase in premium. The solution is a super top-up medical insurance policy. Are these terms confusing? Don’t worry. Read along to find out what it is.
But, first, let us see what top-up medical insurance is.
Top-up Medical Insurance Policy
It covers medical expenses over and above a fixed amount called the deductible limit. Also, it covers medical expenses up to a fixed limit called the sum insured. You may choose to pay the deductible limit from your pocket. Or you may do what most people do. They go for a top-up policy whose deductible is the same as the sum insured of their existing policy.
Top-up Premium is Less Than Basic Policy Premium!
Suppose your existing medical insurance cover is ₹5 lakh. And the premium for it is ₹6000. You can go for a top-up of ₹5 lakh. But won’t the premium on the top-up policy be another ₹6000? In such a case, won’t it be beneficial to get a basic policy of ₹10 lakh for a premium of ₹12,000?
What’s the difference?
The answer is that the premium on the top-up is less! Yes, the premium on the top-up is generally almost half the premium on a basic policy for the same sum insured, i.e. insurance cover.
Thus, a medical top-up plan is a great way to increase your insurance cover. That too, at nominal extra cost!
Is There Anything You Should Be Aware Of?
A top-up medical insurance policy has a condition. The expense incurred over the deductible should be for a single hospitalisation.
Let us understand this statement better with the earlier example.
If you had two hospitalisations in a year costing ₹3 lakhs each, the top-up wouldn’t apply even if you incurred a total medical expense of ₹6 lakh in that year. This is because your expense for each hospitalisation individually was ₹3 lakh. This did not exceed the deductible.
So is there a solution to this? Yes, of course, the solution is super top-up.
Super Top-up Health Insurance
Super top-up is all that a top-up is and more. The “more” is what makes it unique. Super top-up considers all your medical expenses in a year together.
If we continue with the same example given above, your super-top up would have kicked in. This is because the total medical expense was more than the deductible.
How to Enhance Your Medical Insurance Cover at a Nominal Extra Premium?
The answer to this question is getting a super top-up plan along with a basic plan. To reap the benefits, make sure that the sum insured of the basic policy is the same as the deductible of the super top-up.
This way, if the medical expense is less than the sum insured, the basic policy kicks in. And if the medical expense is more than the sum insured of the basic, the super top-up kicks in. And all this at a nominal extra premium!
Super Top-up Medical Insurance: An Optimal Solution
Super top-up is a win-win situation for both the insured and the insurer. The insured gets extra cover; the insurer receives an additional premium.
No wonder Shabnam found this attractive and opted for a super top-up. She says that the peace of mind she has now is priceless.
With this information, you can now buy super top-up health insurance with ease.
Shabnam got a call from an insurance adviser. The adviser informed her about attractive premiums on super top-up medical insurance policies.
Now, she already has medical insurance from her employer. She wondered if there was a need to have any other medical insurance.
The adviser apprised her to read this article in The Economic Times. The article mentioned that soon, Indians won’t be able to afford hospitalisation without insurance like in the US. Shabnam read the article. It was an eye-opener for her.
The adviser also made her understand super-top medical insurance or super top-up health insurance plans. Here’s what the adviser told her:
Medical Inflation
The rising costs of medical expenses are called medical inflation. And over the past years, medical and hospitalisation expenses have been steadily rising. If you compare the hospitalisation cost, it almost doubles what it did a few years back. And with this inflation, likely, we will all require health insurance for affordable healthcare, like in the United States.
Still, you tend not to factor it when you calculate your medical insurance cover needs. Your employer’s medical insurance cover may have seemed appropriate a few years back. But is it good enough to cover you considering the rising costs? You should assess your medical insurance needs based on the current costs.
Higher Medical Insurance Cover
You might need higher medical insurance coverage than what your employer provides. But when you calculate the premium, it too rises proportionately. And it may so happen that the higher premium may not fit in your annual medical insurance budget. So, is there a solution? Luckily, yes!
There is a way to increase your medical insurance cover. And that, too, at only a marginal increase in premium. The solution is a super top-up medical insurance policy. Are these terms confusing? Don’t worry. Read along to find out what it is.
But, first, let us see what top-up medical insurance is.
Top-up Medical Insurance Policy
It covers medical expenses over and above a fixed amount called the deductible limit. Also, it covers medical expenses up to a fixed limit called the sum insured. You may choose to pay the deductible limit from your pocket. Or you may do what most people do. They go for a top-up policy whose deductible is the same as the sum insured of their existing policy.
Top-up Premium is Less Than Basic Policy Premium!
Suppose your existing medical insurance cover is ₹5 lakh. And the premium for it is ₹6000. You can go for a top-up of ₹5 lakh. But won’t the premium on the top-up policy be another ₹6000? In such a case, won’t it be beneficial to get a basic policy of ₹10 lakh for a premium of ₹12,000?
What’s the difference?
The answer is that the premium on the top-up is less! Yes, the premium on the top-up is generally almost half the premium on a basic policy for the same sum insured, i.e. insurance cover.
Thus, a medical top-up plan is a great way to increase your insurance cover. That too, at nominal extra cost!
Is There Anything You Should Be Aware Of?
A top-up medical insurance policy has a condition. The expense incurred over the deductible should be for a single hospitalisation.
Let us understand this statement better with the earlier example.
If you had two hospitalisations in a year costing ₹3 lakhs each, the top-up wouldn’t apply even if you incurred a total medical expense of ₹6 lakh in that year. This is because your expense for each hospitalisation individually was ₹3 lakh. This did not exceed the deductible.
So is there a solution to this? Yes, of course, the solution is super top-up.
Super Top-up Health Insurance
Super top-up is all that a top-up is and more. The “more” is what makes it unique. Super top-up considers all your medical expenses in a year together.
If we continue with the same example given above, your super-top up would have kicked in. This is because the total medical expense was more than the deductible.
How to Enhance Your Medical Insurance Cover at a Nominal Extra Premium?
The answer to this question is getting a super top-up plan along with a basic plan. To reap the benefits, make sure that the sum insured of the basic policy is the same as the deductible of the super top-up.
This way, if the medical expense is less than the sum insured, the basic policy kicks in. And if the medical expense is more than the sum insured of the basic, the super top-up kicks in. And all this at a nominal extra premium!
Super Top-up Medical Insurance: An Optimal Solution
Super top-up is a win-win situation for both the insured and the insurer. The insured gets extra cover; the insurer receives an additional premium.
No wonder Shabnam found this attractive and opted for a super top-up. She says that the peace of mind she has now is priceless.
With this information, you can now buy super top-up health insurance with ease.
Read about
Shabnam got a call from an insurance adviser. The adviser informed her about attractive premiums on super top-up medical insurance policies.
Now, she already has medical insurance from her employer. She wondered if there was a need to have any other medical insurance.
The adviser apprised her to read this article in The Economic Times. The article mentioned that soon, Indians won’t be able to afford hospitalisation without insurance like in the US. Shabnam read the article. It was an eye-opener for her.
The adviser also made her understand super-top medical insurance or super top-up health insurance plans. Here’s what the adviser told her:
Medical Inflation
The rising costs of medical expenses are called medical inflation. And over the past years, medical and hospitalisation expenses have been steadily rising. If you compare the hospitalisation cost, it almost doubles what it did a few years back. And with this inflation, likely, we will all require health insurance for affordable healthcare, like in the United States.
Still, you tend not to factor it when you calculate your medical insurance cover needs. Your employer’s medical insurance cover may have seemed appropriate a few years back. But is it good enough to cover you considering the rising costs? You should assess your medical insurance needs based on the current costs.
Higher Medical Insurance Cover
You might need higher medical insurance coverage than what your employer provides. But when you calculate the premium, it too rises proportionately. And it may so happen that the higher premium may not fit in your annual medical insurance budget. So, is there a solution? Luckily, yes!
There is a way to increase your medical insurance cover. And that, too, at only a marginal increase in premium. The solution is a super top-up medical insurance policy. Are these terms confusing? Don’t worry. Read along to find out what it is.
But, first, let us see what top-up medical insurance is.
Top-up Medical Insurance Policy
It covers medical expenses over and above a fixed amount called the deductible limit. Also, it covers medical expenses up to a fixed limit called the sum insured. You may choose to pay the deductible limit from your pocket. Or you may do what most people do. They go for a top-up policy whose deductible is the same as the sum insured of their existing policy.
Top-up Premium is Less Than Basic Policy Premium!
Suppose your existing medical insurance cover is ₹5 lakh. And the premium for it is ₹6000. You can go for a top-up of ₹5 lakh. But won’t the premium on the top-up policy be another ₹6000? In such a case, won’t it be beneficial to get a basic policy of ₹10 lakh for a premium of ₹12,000?
What’s the difference?
The answer is that the premium on the top-up is less! Yes, the premium on the top-up is generally almost half the premium on a basic policy for the same sum insured, i.e. insurance cover.
Thus, a medical top-up plan is a great way to increase your insurance cover. That too, at nominal extra cost!
Is There Anything You Should Be Aware Of?
A top-up medical insurance policy has a condition. The expense incurred over the deductible should be for a single hospitalisation.
Let us understand this statement better with the earlier example.
If you had two hospitalisations in a year costing ₹3 lakhs each, the top-up wouldn’t apply even if you incurred a total medical expense of ₹6 lakh in that year. This is because your expense for each hospitalisation individually was ₹3 lakh. This did not exceed the deductible.
So is there a solution to this? Yes, of course, the solution is super top-up.
Super Top-up Health Insurance
Super top-up is all that a top-up is and more. The “more” is what makes it unique. Super top-up considers all your medical expenses in a year together.
If we continue with the same example given above, your super-top up would have kicked in. This is because the total medical expense was more than the deductible.
How to Enhance Your Medical Insurance Cover at a Nominal Extra Premium?
The answer to this question is getting a super top-up plan along with a basic plan. To reap the benefits, make sure that the sum insured of the basic policy is the same as the deductible of the super top-up.
This way, if the medical expense is less than the sum insured, the basic policy kicks in. And if the medical expense is more than the sum insured of the basic, the super top-up kicks in. And all this at a nominal extra premium!
Super Top-up Medical Insurance: An Optimal Solution
Super top-up is a win-win situation for both the insured and the insurer. The insured gets extra cover; the insurer receives an additional premium.
No wonder Shabnam found this attractive and opted for a super top-up. She says that the peace of mind she has now is priceless.
With this information, you can now buy super top-up health insurance with ease.
Shabnam got a call from an insurance adviser. The adviser informed her about attractive premiums on super top-up medical insurance policies.
Now, she already has medical insurance from her employer. She wondered if there was a need to have any other medical insurance.
The adviser apprised her to read this article in The Economic Times. The article mentioned that soon, Indians won’t be able to afford hospitalisation without insurance like in the US. Shabnam read the article. It was an eye-opener for her.
The adviser also made her understand super-top medical insurance or super top-up health insurance plans. Here’s what the adviser told her:
Medical Inflation
The rising costs of medical expenses are called medical inflation. And over the past years, medical and hospitalisation expenses have been steadily rising. If you compare the hospitalisation cost, it almost doubles what it did a few years back. And with this inflation, likely, we will all require health insurance for affordable healthcare, like in the United States.
Still, you tend not to factor it when you calculate your medical insurance cover needs. Your employer’s medical insurance cover may have seemed appropriate a few years back. But is it good enough to cover you considering the rising costs? You should assess your medical insurance needs based on the current costs.
Higher Medical Insurance Cover
You might need higher medical insurance coverage than what your employer provides. But when you calculate the premium, it too rises proportionately. And it may so happen that the higher premium may not fit in your annual medical insurance budget. So, is there a solution? Luckily, yes!
There is a way to increase your medical insurance cover. And that, too, at only a marginal increase in premium. The solution is a super top-up medical insurance policy. Are these terms confusing? Don’t worry. Read along to find out what it is.
But, first, let us see what top-up medical insurance is.
Top-up Medical Insurance Policy
It covers medical expenses over and above a fixed amount called the deductible limit. Also, it covers medical expenses up to a fixed limit called the sum insured. You may choose to pay the deductible limit from your pocket. Or you may do what most people do. They go for a top-up policy whose deductible is the same as the sum insured of their existing policy.
Top-up Premium is Less Than Basic Policy Premium!
Suppose your existing medical insurance cover is ₹5 lakh. And the premium for it is ₹6000. You can go for a top-up of ₹5 lakh. But won’t the premium on the top-up policy be another ₹6000? In such a case, won’t it be beneficial to get a basic policy of ₹10 lakh for a premium of ₹12,000?
What’s the difference?
The answer is that the premium on the top-up is less! Yes, the premium on the top-up is generally almost half the premium on a basic policy for the same sum insured, i.e. insurance cover.
Thus, a medical top-up plan is a great way to increase your insurance cover. That too, at nominal extra cost!
Is There Anything You Should Be Aware Of?
A top-up medical insurance policy has a condition. The expense incurred over the deductible should be for a single hospitalisation.
Let us understand this statement better with the earlier example.
If you had two hospitalisations in a year costing ₹3 lakhs each, the top-up wouldn’t apply even if you incurred a total medical expense of ₹6 lakh in that year. This is because your expense for each hospitalisation individually was ₹3 lakh. This did not exceed the deductible.
So is there a solution to this? Yes, of course, the solution is super top-up.
Super Top-up Health Insurance
Super top-up is all that a top-up is and more. The “more” is what makes it unique. Super top-up considers all your medical expenses in a year together.
If we continue with the same example given above, your super-top up would have kicked in. This is because the total medical expense was more than the deductible.
How to Enhance Your Medical Insurance Cover at a Nominal Extra Premium?
The answer to this question is getting a super top-up plan along with a basic plan. To reap the benefits, make sure that the sum insured of the basic policy is the same as the deductible of the super top-up.
This way, if the medical expense is less than the sum insured, the basic policy kicks in. And if the medical expense is more than the sum insured of the basic, the super top-up kicks in. And all this at a nominal extra premium!
Super Top-up Medical Insurance: An Optimal Solution
Super top-up is a win-win situation for both the insured and the insurer. The insured gets extra cover; the insurer receives an additional premium.
No wonder Shabnam found this attractive and opted for a super top-up. She says that the peace of mind she has now is priceless.
With this information, you can now buy super top-up health insurance with ease.
Read about How Much Will You Pay to Buy Medical Insurance here.