By Emma Dylan
There are times when even having health insurance coverage is not enough to cover the bills of an unexpected surgery or medical treatment. This gives rise to the need for additional financial coverage through top-up and super top-up health plans.
The following article will help you better understand the difference between a top-up insurance and a super top-up health insurance policy so that you can choose the one that fits your medical requirements and budget.
Understanding Health Insurance Top-up Plans
This health plan is an additional financial cover that you can have while you own an active health insurance policy. For example, if your sum insured is ₹7 lakhs, but your medical expense is ₹9 lakhs, then this plan will provide coverage for the extra ₹2 lakhs, provided the policy’s terms and conditions are met.
This insurance policy offers an additional financial protection layer when even the best health insurance is not enough to cover your medical bills.
Understanding Super Top-up Policy for Health
This health insurance policy is similar to top-up health insurance, but you can receive financial coverage under this plan only when your cumulative medical expenses exceed the policy’s deductible amount, whether your bills are incurred due to single or multiple hospitalisations within the policy year.
For example, under this insurance policy, you have to pay a deductible of ₹2 lakhs on a sum insured of ₹8 lakhs. For your first medical expense of ₹6 lakhs, you will have to pay ₹2 lakhs; the insurer will compensate the remaining.
If during the same policy year, you have another medical expense of ₹5 lakhs, then this entire amount will be covered by the super top-up insurance policy without you having to pay any deductible amount, subject to the policy’s terms and conditions.
Difference Between Top-up Health Insurance and Super Top-up Health Insurance
| Parameter | Top-up Health Insurance | Super Top-up Health Insurance |
| What it Means | A health plan that provides one-time coverage for medical expenses exceeding the policy threshold limit once the deductible is exhausted. | A health plan that provides coverage for cumulative bills exceeding the policy threshold limit once the deductible is exhausted. |
| Claim Coverage | One claim above the policy deductible limit. | Cumulative bill payments of amounts exceeding deductible during the policy term. |
This health insurance top-up plan comparison gives you a general idea of what insurers cover under these two health policies. However, going through the policy document in detail is crucial before you choose any health plan.
Top-up or Super Top-up Health Plan – Which Insurance to Choose?
According to experts, it is more beneficial to invest in super top-up health insurance than in top-up health insurance because the best super top-up health insurance is more cost-effective. A top-up health plan can come into effect only a single time when the medical expense exceeds the deductible amount, but a super top-up health plan can cover hospitalisation and medical expenses all through the policy year.
Conclusion
Both top-up and super top-up health insurance plans are designed to help you tackle high medical costs. While top-up health plans may appear affordable if you do not require multiple hospitalisations, super top-up health insurance policies are more financially beneficial if someone in your family is a senior citizen or has complicated health issues.
