Health is wealth and with sky rocketing medical expenses all
of us need a reliable medical insurance plan that covers medical costs,
hospitalization costs, treatment & laboratory test costs and critical
illness as well. However, the first question that arises is that if we already have
a health insurance plan then why do we need a top up health insurance plan? A top
up health insurance plan is something that you can opt for if you feel that
your current medical insurance policy will not always be able to cover your
costs. Many times a serious ailment or accident requires a prolonged treatment
which can become very expensive and exhaust your existing health cover. Therefore
at such times when the sum insured in your existing health insurance plan is
not sufficient for your medical expenses, a top up insurance policy plan takes
care of the additional hospitalization expenses. A top up insurance cover supplements your primary health insurance
cover at low costs.
There are several advantages of taking a top up mediclaim policy such as:
·
This policy can be taken in addition to any
other health insurance policy. It works alongside your existing health
insurance policy and enhances it to provide you with a much larger coverage at
a much lower premium.
·
The initial medical expenses can be covered by
your existing policy and the top up insurance policy becomes active as soon as
the threshold of the deductible amount is crossed.
·
Top up insurance policy can be taken even if you
don’t have an existing health insurance policy.
·
It has a low premium rate and is very
affordable.
·
The policy covers you for your entire in-patient
treatment such as boarding expenses, ICU, nursing, blood, oxygen, anesthesia,
medicines, diagnostic procedures etc.
·
It covers your pre hospitalization expenses up
to 60 days immediately before hospitalization and post hospitalization expenses
up to 90 days immediately after hospitalization.
·
It covers your medical expenses for 140 day care
procedures which do not require 24 hours hospitalization and also covers
medical expenses for harvesting an organ from a donor.
·
It does not require medical tests for clients of
age 55 years and below.
·
It is applicable for anybody in the age bracket
of 3 months to up to 70 years of age. If both parents are covered under the
same policy then children as young as 91 days old can also be insured.
·
No claim bonus - A deduction of up to 15% on the
future premium is given as no claim bonus on a claim free year to the client.
·
You can get a tax exemption on the premium paid
under section 80D of the Income Tax Act.
·
Family discount - Some insurance companies give
a discount on the final premium if more than 2 members of the family are
enrolled in a single policy with individual sum insured.
These days there are a number of reputed companies offering
top up insurance plans online and through agents. You should buy a good
insurance plan after comparing the various topup insurance quotes to get the best deal for yourself.
