What is Top-Up Health Insurance?
Top-Up Health Insurance is an additional policy that provides extra coverage beyond the sum insured by a primary health insurance plan. It is designed to supplement your existing health insurance, offering increased financial protection for higher medical expenses. This type of policy is particularly useful if your primary coverage limit is insufficient to cover large or unexpected medical costs.
One of the main advantages of Top-Up Health Insurance is its cost-effectiveness. It generally comes with a lower premium compared to increasing the sum insured of your primary policy. However, it includes a higher deductible, meaning you need to cover a portion of the medical expenses yourself before the top-up coverage applies. This structure allows for enhanced protection at a relatively lower cost.
Top-Up Health Insurance provides flexibility by allowing you to select the additional coverage amount based on your needs. It typically includes benefits such as cashless treatment at network hospitals, making it easier to manage large medical bills without upfront payments. This makes it an attractive option for those looking to bolster their health insurance coverage without significantly increasing their financial outlay.
Benefits of Top-Up Health Insurance
Complementary to Existing Policies
Enhances the coverage of existing health insurance plans without the need to purchase a new comprehensive policy, making it a practical addition to your current insurance.
Tailored for High-Cost Treatments
Specifically designed to cover expenses for high-cost treatments and surgeries that may exceed the limits of standard health insurance policies.
No Claims Bonus Preservation
Allows you to preserve your No Claims Bonus (NCB) on your primary health insurance by providing extra coverage without impacting your existing policy’s benefits.
Additional Flexibility in Policy Terms
Offers varied deductible options, allowing you to select a deductible amount that suits your financial capacity while benefiting from higher coverage.
Why do you need Top-Up Health Insurance?
FAQ'S
It supplements your primary health insurance by offering increased coverage with a higher deductible. You need to pay out-of-pocket expenses up to the deductible amount before the top-up coverage kicks in.
Yes, Top-Up Health Insurance typically has lower premiums compared to increasing the sum insured on your primary health policy, making it a cost-effective way to enhance coverage.
No, you need to have an existing health insurance plan to buy a top-up policy, as it is designed to complement your primary coverage.
Coverage for pre-existing conditions depends on the policy terms and waiting periods. It’s important to check specific policy details for pre-existing condition coverage.
Ready to Buy Insurance?
We Are Here...
Our experts are here to help you get the right business insurance.