Mr Aditya Kothari had a health insurance plan with sum assured of Rs 3 Lakh a year. He was stress-free and believed it was sufficient for medical emergencies; until he suffered a major kidney problem and the medical bills came to Rs 6 Lakhs.
His wife had to break their FDs and pay off the medical bills. If Mr Kothari had a top-up health insurance plan; he would not have faced any financial difficulty while paying the medical bills.
A top-up health insurance plan is a kind of additional cover offered by insurers to help pay medical bills; after you have exhausted your maximum insurance limit.
Unlike the basic health insurance policies, the top-up health plans come with a deductible or a threshold limit. The policyholder must choose the threshold limit at the time of policy inception. This will help determine the amount up to which you can pay your medical bills. It helps cover the hospitalization expenses up to certain limit and save you from getting financially derailed.
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Some of the main advantages of top-up health insurance plans are:
See Also: Types of Health Insurance Plans in India
Features and Benefits of Top-Up Health Insurance:
See Also: How to Buy Health Insurance Policy?
What are The Inclusions of Top-Up Health Insurance Plans?
The coverage option of top-up health insurance plans; vary across insurers. Listed below are some of the common benefits offered by all insurers:
What Does Top-Up Health Insurance Offer?
The top-up health insurance plan works just like an indemnity plan. It provides the same benefits with or without basic health insurance. The top-up health insurance plan takes care of all hospitalization expenses along with daycare treatment, domiciliary treatment and so on.
The added advantage of these plans is the deductibles which make top-up health insurance affordable. You do not have to go through medical tests up to a certain age; which is otherwise mandatory for health insurance policies.
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