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Should You Buy A Super Top-Up Health Insurance Or Opt for a Higher Sum Insured? 

In difficult circumstances, health insurance is really essential. When facing medical emergencies, having comprehensive health insurance coverage is crucial for you and your family. However, the medical and hospitalization costs are only covered by your health insurance policy up to the sum insured level you have selected. 

People in India gradually realize the value of health insurance. Over the past ten years, a decent rate of growth has been observed in the number of individuals purchasing health insurance. However, most people don’t realize how important it is to have a plan that offers high or enough coverage when they purchase health insurance.

People frequently use weak reasons to downplay the significance of having a comprehensive health insurance plan, such as the fact that their current coverage is comfortable or that they are in good enough condition to be able to afford medical expenses should the need arise in the future.

In difficult circumstances, health insurance is really essential. When facing medical emergencies, having comprehensive health insurance coverage is crucial for you and your family. However, the medical and hospitalization costs are only covered by your health insurance policy up to the sum insured level you have selected.

Any additional expenses must be borne by you. Health insurance companies give top-up plans that pay the costs incurred when your current coverage runs out if you need more coverage.

Read on to know whether you should buy super top-up health insurance or opt for a higher sum insured:

What happens when you pt for a super top-up health insurance?

A top-up plan for health insurance also covers hospitalization expenses, much like a standard indemnity health insurance policy. It is more affordable to expand your sum insured through super top-up health insurance plans because the premium for a top-up plan is typically lower than the premium that would be charged if you increased your basic sum assured by the same amount as the top-up.

  • When compared to health insurance with a high sum insured, premiums for top-up plans typically cost less.
  • Claiming on your top-up health plans is straightforward, just like with health insurance with a big sum insured. You may be able to submit cashless claims or request compensation, depending on your insurer.
  • High deductibles are typical in top-up health insurance policies before the benefit kicks in.
  • With a top-up health insurance plan, changing insurers can be a difficult procedure.
  • Top-up health insurance is typically bought in addition to your current health coverage.

What happens when you purchase a policy with higher sum insured?

Higher-sum insured health insurance plans are more expensive, but offer greater convenience when requesting payment under the insurance policy. The entire amount insured can be simply recovered. In addition, if you want to transfer your health insurance policy to a different insurer, the new insurer will accept the full amount insured without any issues.

  • The cost of the premium for such plans will be considered if you choose a fundamental health insurance plan with a bigger sum insured.
  • The procedure for settling claims is simple. You may be able to submit reimbursement claims or cashless claim settlements, depending on the insurer.
  • Basic health insurance policies often have a low deductible.
  • When it comes to basic health insurance plans, changing insurers is simple.
  • Basic health coverage is an independent policy element.

Which one should you choose?

Knowing the distinction between a base plan and a top-up plan should help you decide whether a basic health insurance plan or one with a top-up plan is better for you. If you are willing to pay a high premium, you can select a basic health insurance plan with a bigger sum insured.

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Additionally, if you currently have health insurance, you can purchase super top-up health insurance to cover your medical costs if your primary health insurance is about to run out. You can buy Super Top-up Health Insurance Plan by Care Health Insurance that gives in-patient care up to the sum insured.

Conclusion

Now that you are aware of what you need in a health insurance plan, visit the Care Health Insurance website to look at the options that are best for you. You can get in touch with our customer support staff, who can offer advice and support you in coming to a conclusion.

Image source: Triloks from Getty Images, free and edited on CanvaPro

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Aritra Paul

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