What is health top up plan?

What is the meaning of top up in health insurance?

“A top-up health policy is an additional coverage for people who have an existing individual plan or a mediclaim from the employer. It is for reimbursement of expenditure which arises out of single illness beyond the limit of the existing cover,” says Deepak Yohannan, CEO, MyInsuranceClub.com. WHEN IT MAKES SENSE.

What is the benefit of a top up plan in health insurance?

To expand the sum insured or total cover value, health insurance companies have started offering top ups to support the base policy. Top up for health insurance plans, are clearly designed with an idea to give you additional cover in case your existing policy gets exhausted or proves insufficient for medical treatment.

What is the difference between plan and top up?

The major difference lies in the fact that a Super Top-up Plan offers coverage for complete hospitalization bills above the threshold limit, whereas a top-up policy only covers a single hospitalization claim above the threshold limit (i.e. the Deductible amount).

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What is the difference between top up and special recharge?

It can be refilled once the existing top up account replenishes. On the other hand, special recharge is the special type of prepaid offers that are limited for certain period of time and gets replenished at the precise duration whether used or unused.

How does super top up policy work?

A super top-up plan covers the total of all hospitalization bills once the deductible is paid. In other words, when the total admissible claims surpass the deductible limit, this plan becomes active for subsequent claims. The deductible is applied to the total admissible claims in one year.

Which is the best top up health insurance plans in India?

Super Top-up health Insurance plans in 2021

Super Top-up Plan Entry age
Aditya Birla Activ Assure + Super Health Top-up 5-65 years View Plan
Bajaj Allianz Extra Care Plus 91days-80 years View Plan
Care Enhance Super Top-up Health Plan 18years & above View Plan
Chola MS Super Top-up Plan 3-70 years View Plan

What is a top up plan in mobile recharge?

Key Difference: Top-up is a way to replenish a prepaid mobile account without extending the validity period, whereas recharge is a way to replenish a prepaid mobile account with the extension of validity period.

When should you go for a super top up health insurance policy?

In this case, his top-up/super top-up plan will come into force only if the bill is over and above Rs 3 lakhs. If the bill is under Rs 3 lakh, i.e. below deductible, no benefit will be paid through the top-up/super top-up plan.

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Can I increase the sum insured in health insurance?

However, having an adequate sum insured is required, and to increase the sum insured of the base policy,” says Chatterjee. So if you find that the sum insured is not enough it is time for you buy additional comprehensive cover either with the same insurer or with another one. 2.