While talking about health insurance policies, we often get insecure about what a health policy will cover or what it won't. But knowing the right strategy to have an extended safety net with health insurance is the assurance that we all need.
There are several ways to opt for the best health insurance policy among thousands available in the Indian insurance market. One of the key factors among all is opting for a base health policy either with a top-up plan or with a super top-up plan. Both of these plans act like an additional layer of protection for you and your loved ones.
But how confusing can it get while buying, if you don't know their separate features and benefits? Most people do not know the difference between a top-up and super top-up plan, which is a very common occurrence.
The motto of this article is to cover the doubts that you may have about top-up vs. super top-up health plans and which one will suit you the best. Read further to know in detail and clear your doubts.
Top-up health insurance plans are simply the product that gives you an enhanced level of protection along with the base health insurance you already have. Top-up plans come into effect when the sum insured of your base policy gets exhausted and you need extended coverage for medical care.
Super top-up plans are the booster package for your base health insurance policy which comes with wide coverage benefits. Usually, it works the same as a top-up plan but comes with a higher sum insured and optimum policy benefits. Super top-ups get active when you already have finished your base policy's sum insured.
Top-ups and super top-ups are an insurance product that adds value to your already existing health insurance policy by increasing its sum insured value. Both of these plans come with the compulsory deductible clause which you (the policyholder) need to pay before making a claim.
However, in the case of top-up plans, you can make a claim only once during the policy year. But when it comes to super top-up plans, you can make as many claims as you need up to the limit of your plan's sum insured.
Let's make understanding the basic differences between top-up and super top-up policy easy for you with an example-
Suppose, Ankit and Sunil are two employees working in the same company. Both of them have health insurance policies worth an insured sum of INR 5 Lakhs which they feel is not adequate to cover their medical expenses. So, they decided to complement their base health insurance plans with a top-up and a super top-up respectively.
Now, Ankit has a top-up plan with a sum insured of INR 5 Lakhs and Sunil has a super top-up plan with a sum insured of INR 5 Lakhs. They have opted for a deductible limit of INR 2 Lakhs separately. Now we will inculcate how their health plans will impact their finances after making a claim, separately:-
Here are some of the key differences between top-up and super top-up insurance, related to the example:-
|Top-up plans (For Anil)
|Super top-up plans (For Sunil)
|Basic health insurance plan (SI)
|Additional top-up (SI)
|First claim (during the policy year)
|Insurance provider pays (amount)
|Second claim (during the same policy year)
|Insurance provider pays (amount)
*NA - Not Applicable
In reference to the above table, Ankit will receive only a one-time claim settlement benefit with a top-up plan. But, Sunil can claim multiple times during the policy year and get his policy benefits with a super top-up plan.
Both of these plans are known to provide additional coverage benefits to you. But when it comes to the super top-up plan, it offers you several benefits than a top-up plan but it also has higher deductibles or extra premium charges.
On the other hand, top-up plans comparatively offer minimum coverage as it has lower deductibles and premium charges than a super top-up.
It depends on your requirement, whether you want a higher sum insured with super top-ups or a little sum insured with top-ups.
Check below the general inclusions and exclusions of a top-up and super top-up health plan:
| Top-up health insurance
| Super top-up health insurance
NOTE:- These inclusions and exclusions are based on general criteria that almost every health insurer provides with their plans. You must check wisely for the inclusions and exclusions of your specific top-up/super top-up insurance policy.
Keep these pointers in mind while buying a top-up health insurance and a super top-up health insurance:-
The ever-emerging scenarios of COVID-19, inflation in healthcare costs, changing lifestyles, etc have made sure to give us a headache when it comes to medical emergencies. Amid all these challenges, it's important to rethink the way we plan for our health. One of the best parts to get secured in advance is buying a health insurance policy.
Sometimes, your standard medical insurance might not be enough to serve all the healthcare requirements. In these times of emergencies, you need to buy a health recharge plan like a top-up or super top-up plan which extends the value of your base sum insured with an affordable premium.
Do you need more information about the best top-up health insurance plans and super top-up health insurance plans? Reach out to our trusted advisors at PolicyX.