Detailed Q & A on Top-up Health Insurance
1.What is a “Top-up” Health Insurance policy? A “Top-up” health policy is additional coverage for a person/family already having existing health insurance. It is for reimbursement of expenditure which arises beyond a threshold limit of the existing cover. Reimbursement can be one-time hospitalization or recurring during a policy term. 2.What is a ‘Defined Limit’ in the Top-up policy? The ‘Defined limit’ means the amount up to which the health insurance company will not be liable during the policy period. 3.What is the difference between Normal Top-up Policy & Super Top-up Policy? Regular top-up health insurance plan only covers claims when a single claim surpasses the threshold limit, the super top-up plan is similar to top-up plans that enhance your health insurance sum insured. However, the difference is that super top-up plans work on the total medical expenses incurred during the policy year and not on a per-claim basis. 4.Who should consider a ‘Top-Up’ I...