We can all admit that the whole facade of health insurance is somewhat of a maze. Despite all its complexities, we crave assurance in the face of a fatal sickness. Of course, life is not always perfect and your existing health insurance policy may only cover your most basic requirements. Well, this is where top-up health insurance comes to the rescue! It’s a supplement to your existing health insurance. It provides financial coverage after you have utilised the maximum claim amount. Top-up health insurance has several benefits that can be quite helpful during an urgent medical condition.
What are the Pros of Buying Top-up Medical Insurance
The complete benefits of top-up health insurance can be reaped by purchasing the right plan. The advantages you will get are:
Save Your Money
The usual health insurance comes with an extremely high coverage or sum insured and can cost a lot of money. But top-up plans are a lot more cost-effective and heavily favoured. Instead of being provided with a fixed measure of coverage that contains options they will never use, people get to select only the coverage they require.
Peace of Mind, Big Time
A top-up plan should safeguard the consumer against a potential bill that they are not prepared to pay due to their health status. It exists as an additional plan that serves to supplement your primary health insurance while being conveniently affordable. This means reduced pressure on patients and more time for them to concentrate on healing!
Flexibility is Key
Traditional health insurance policies are not overly liberal as compared to the top-up plans that are available today. The premiums are completely reasonable and you can select the coverage amount appropriate for your needs. This is particularly beneficial for young and healthy users who need some additional protection that won’t cost them a lot of money.
Customise Your Coverage
Some plans allow you to purchase additional options such as dental treatment, massage, or consultations with some specialists. This permits you to choose the perfect coverage that corresponds best to what you may need and the kind of life you want to lead.
Future-Proofing Your Health
A top-up plan is like having a road map. There are numerous benefits of getting screened for health conditions and seeking treatment in the early stages, using the top-up plan coverage. It also provides the protection that comes with having that extra insurance when costs surge in the future.
Difference Between Top-up and Regular Health Insurance
So, how does the top-up plan work in relation to the normal health insurance plan? Here's a quick comparison:
- Regular Health Insurance: This is your main insurance policy. This limits the amount of money that is compensated for the medical bills up to a certain figure or sum insured. Once this limit is reached, any additional costs have to be incurred from your pocket.
- Top-up Health Insurance: This serves as an extra security measure. It becomes effective when one has completely utilised their major medical coverage plan for insured services. You have the complete freedom of choosing your coverage domain as per your requirements.
Conclusion
The benefits of top-up medical insurance are numerous. They are a great help when organising the part of your budget that covers your health expenses. It can be the most cost-effective means of enhancing your current level of coverage. Top-up health plans offer you the assurance and convenience of choosing the level of health shield you want. Therefore, if you wish to enhance and safeguard your existing health policy, a top-up plan may be the ideal solution!
Disclaimer: The information provided in this blog is for educational and informational purposes only. It is not intended as a substitute for professional advice, diagnosis, or treatment. Please consult your general physician or another certified medical professional for any questions regarding a medical condition. Relying on any information provided in this blog is solely at your own risk, and ICICI Lombard is not responsible for any effects or consequences resulting from the use of the information shared.