What is a top-up health insurance plan? How does it work? How is it different from a super top-up plan?
Charulata Mukherjee, Kolkata
These are health insurance plans which can help you in increasing the sum assured on a health policy in a cost-effective manner. A top-up plan supplements a base health insurance plan by providing additional coverage above the sum assured available on the base plan. For instance, in case of a top-up plan there is a deductible, which is nothing but the initial claim amount that is not covered under the policy. The claim amounts that cross the deductible is paid under a top-up plan. A standard top-up plan applies the deductible for each and every claim, whereas a super top-up plan considers aggregate deductibles for a year. Which means, in case of a super top-up plan if more than one claim occurs in a policy period, all of them will be counted towards the deductible. It is for this reason that a super top-up plan is more expensive than a standard top-up plan.
