Top up/Super Top up Health Insurance Plan
Top up/Super Top up Health Insurance Plan
Considering inflation of medical coast & premium hike in Insurance industries. Hence it’s an always need for enhancement in the Sum Insured. This is most effective & unique product for all family members this policy will cover all hospitalization expenses beyond your deductible (Agreed) Sum insured & up to the Specified Sum Insured limit.
How do Top-Up Policy Work?
This policy will help you once your current Policy Sum Insured exhausted or your deductible limit will cross. Then it will be on live mode. Top up Plan covers all medical expenses & deductible limit born by the insured either through another Basic Insurance policy or from their own pocket.
This plan is very much ideal for the person having low sum insured based policy, Employee having Group medical policy, & senior citizen category and for those who can’ afford much premium.
Mr. X having having Policy of 20 Lack Sum Insured & Deductible options of 5.00 lack
Sum Insured Rs. 20 lack & Deductible Rs.5 lack- Policy Period -19-04-2021 To 18-04-2022 | ||||||
No of Claim | Claim Date | Total Claim Amount | Used Deductibe amount | Balance Deductible amount | Insured Share | Payable Under Super Top up Policy |
1st Claim | 01-10-2021 | 2.00 lack | 2.00 lack | 3.00 lack | 2.00 lack | 0 |
2nd Claim | 10-11-2021 | 3.00 lack | 3.00 lack | 3.00 lack | 3.00 lack | 0 |
3rd Claim | 28-11-2021 | 1.00 lack | 0 | 0 | 0 | 1.00 lack |
Deductible Sum Insured means
Insured has to select the first portion of claim amount which needs to borne by insured & which will never be a part of reimbursement/Cashless.
Sum Insured Means This is maximum limit which insured can take benefit under claims