Your basic health insurance plan may turn out to be sufficient to cover small hospitalisation expenses, medical check-ups and so on. But if you require frequent hospitalisation and extensive treatment, your insurance limit may get over quickly, forcing you to spend from your pocket or even turn to borrowings.
To deal with such situations, super top-up health insurance is the best option. It provides extra coverage over and above your basic health insurance plan, after your base policy has exhausted.
Let us find out the top reasons why you should add a super top-up plan to your health insurance.
Reasons to Add a Super Top-Up Plan to Your Insurance
Enhanced Medical Coverage
A super top-up plan enhances your medical coverage and provides greater financial assistance in cases where the existing sum insured is exhausted. Thus, it acts like an added cushion during medical emergencies and saves you from using up your savings to pay for medical expenses.
For example, if your base policy is for 3 lakhs and you purchase a super top-up plan of 10 lakhs (3 lakhs deductible). Now, suppose your total medical expenses in a year are 8 lakhs. In this scenario, 3 lakhs will be covered by the base plan, while the super top-up plan will cover the remaining 5 lakhs, as it exceeds the deductible limit of 3 lakhs.
Benefits of Low Premiums
Another reason to include a super top-up plan while you buy medical insurance is the benefit of a low premium associated with it. Yes, you heard that right. Opting for a super top-up plan is more cost-effective as the premiums are lower than those of a basic health insurance plan. This is because deductibles are involved, which reduce the insurer’s liability, giving you the advantage of lower premiums.
Includes Multiple Claims in a Year
Super top-up plans prove extremely beneficial if you require frequent hospitalisations in a year. Thus, you can claim the expense for multiple hospitalisations once your deductible amount is exceeded. Unlike regular insurance plans, super top-up plans assist you with repeated medical expenses, ensuring financial protection.
Protects from Underinsurance
Super top-up plans are a safety shield that protects you from being underinsured. They ensure you receive adequate coverage for medical expenses and kick in when the base sum insured is exhausted. Thus, it covers all the additional expenses that you incur throughout the year.
Let you Choose Deductibles
When you opt for a super top-up plan, you have the freedom to choose a deductible that suits your affordability, existing coverage and the base plan. Therefore, you can customise the plan and gain maximum benefit out of it.
Helps to Combat Inflation
As we all know, medical inflation in India is increasing sharply. Super top-up plans are an excellent way to combat the increasing medical costs and get coverage against numerous medical expenses.
Super Top-Up Plans: Inclusions and Exclusions
When adding a super top-up plan to your medical insurance, you must be aware of its inclusions and exclusions so you know how much coverage you will get and how much of expenses you will have to pay for.
Inclusions:
- It generally covers the pre- and post-hospitalisation expenses that are incurred 30-90 days before and after the hospitalisation.
- It may also include surgery charges if the insured undergoes any medical procedure.
- Other miscellaneous expenses, such as medicine costs, room rent, doctor’s fees, etc., are also covered.
Exclusions
- Pre-existing conditions are excluded from the scope. They may be included only after the set waiting period is over.
- Any cosmetic surgery or procedure which is not medically necessary is not covered.
- Any hospitalisation which does not include any treatment.
Greater Health Security with TATA AIG Super Top-Up Plan
From enhanced health coverage to multiple hospitalisation benefits, there are various reasons why you must consider adding a super top-up plan to your existing health insurance. While there are many insurance providers in the country, TATA AIG is a name that you can trust.
They offer an excellent super top-up plan known as TATA AIG Medicare Plus, which offers several benefits. You have the freedom to choose a sum insured that is appropriate for your medical needs, which can be as high as 1 crore.
Their plan offers coverage for various expenses and can have a long tenure of 3 years. It is available for individuals of all ages, beginning 91 days and up to 71 years and above.
With TATA AIG super top-up plans, you can get coverage for expenses, such as in-patient treatment, AYUSH cover (Unani, Ayurvedic, Homoeopathy), at-home treatment for old patients and much more.
Get yourself and your loved ones the protection of a super top-up plan and rest assured about financial assistance during medical emergencies.
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