A top-up health insurance policy is an additional health insurance plan that raises the maximum amount covered by your current health insurance. Financial coverage is provided once the maximum claim amount has been used. It serves as a backup and extra layer of financial security for your primary health insurance plan when the fixed sum insured is depleted.
The search for the best and the most appropriate health insurance plans becomes a daunting challenge, with so many options available. But don’t worry! Today we will guide you through the process of choosing the right top-up plan for your health insurance.
How to Choose the Best Top-up Policy?
Consider the following tips to choose the best top-up plan for health insurance:
- Coverage Amount: Ensure that the coverage amount of the top-up plan provides adequate additional protection on top of your existing policy.
- Premium Costs: Compare and find which top-up plan is cheaper and has a lower premium than others.
- Waiting Period: Find out the waiting period for different pre-existing diseases.
- Network Hospitals: It is also important that the insurance company has a good network of hospitals.
- Claim Process: Ensure that the plan has an easy and rapid procedure for filing the claim.
What are the Merits of Buying a Top-up Health Insurance Plan?
Some of the benefits of buying the best top-up plan for medical insurance are:
Peace of mind
Nobody wishes to experience a financial meltdown right after being faced with an ordeal concerning their health. A top-up plan is the best way to find economic stability during your treatment period, without worrying about the expenses.
Flexibility
Top-up plans are not as rigid as some other types of health insurance policies that are usually available today. You can either opt for a full package cover or choose one that is fully basic; all of it while ensuring it suits your wallet. These policies are particularly useful if one is young and in good health but wishes to have some form of coverage against several unforeseeable medical emergencies.
Versatility
To broaden your coverage, you can opt for many top-up plans that offer additional benefits. Insurers let you select the so-called optional addendums regarding mental health support, consultations with doctors or dentists services, and others.
What You Get Under a Top-up Health Insurance Policy?
The advantages you will get with the best top-up health policy are:
- Higher Sum Insured: Under top-up health insurance policies, you get special compensations that go way beyond your basic policy schedule.
- Financial safety net: It comes in once you have incurred and met your primary health insurance expense. This is great since it does not put you in a disadvantaged situation of having to provide the initial costs from your pocket.
- Affordable Premiums: With this, you will be charged a lower premium which is much better than having to upgrade your existing policy for broader coverage.
- Comprehensive Coverage: Another point that makes it stand out is the wide range of its coverage. This encompasses the cost of hospitalisation, surgery, critical illness care, or any other condition that may need hospitalisation.
Conclusion
Getting the best top-up health policy for your health insurance doesn’t necessarily equate to struggling. You can boost your health insurance once you understand what an insurer can offer as per your requirements. Keep in mind that the most ideal top-up health policy should fit right in with the rest of your current health cover. Thus, it is vital to decide on a health insurance plan with a suitable top-up so that there are no unpleasant surprises.
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.