Top up medical insurance policies is an extremely important piece of investment that you need to make to ensure your overall health and financial well-being. While having a health insurance policy is important, it’s important to have top up medical insurance to further strengthen the health cover since some medical procedures and treatments require extended hospital stay which might exhaust the sum insured under your primary health plan sooner than expected.
This is where a top up medical insurance comes in handy to seamlessly take care of the additional charges being incurred on treatment and other associated costs such as diagnostic procedures, doctor’s consultations, room rent, etc.
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So, if you already have an existing health insurance policy and were not sure whether you should get a top up medical insurance or not; here are a few benefits of purchasing an additional top up.
Provides you with Additional Coverage
The importance of health coverage cannot be overstated today. A top up medical insurance policy gives provides you with additional coverage in sum assured. This plays a super important part in case the sum assured under your existing health care policy isn’t enough to cover the costs of treatment. In the absence of a top-up plan, you will need to dig into your savings and might also accrue additional debt to pay off hospital bills. This could spell financial doom and this additional cover that a super top up policy offers can shield you against falling into a debt trap to fund your treatment.
Higher Sum Assured
Top up medical insurance policies are available for a sum assured as low as ₹1 lakh to as high as ₹30 lakh. This higher sum assured is like a fixed deposit in a bank that kicks in when the medical expenses hit a certain threshold exhausting the coverage assured under your primary health plan. Moreover, with both the plans combined, you can rest assured that no matter the illness and the associated cost of treatment, you will have more than adequate cover to deal with all of the expenses incurred on treatment during hospitalization.
Lifelong Renewability
You get lifelong renewability as long as you are enrolled in the plan. So, once you are covered, you can rest assured that the plan gets automatically renewed year on year on paying your premiums timely.
Add-On Covers
Top up medical insurance gives you the option to go in for add-ons such as the ability to take a second opinion, and much more depending on your insurance service provider. These are often referred to as riders which vary across different insurance companies, so check what options you have and choose the ones that seem most practical for your needs and requirements to further strengthen your existing cover.
No Caps on Room Rent and Treatment Charges
Top up medical insurance policies from leading service providers often come with no upper ceiling on room rents or caps on treatment charges. This leaves you free to access a myriad of treatment options without worrying about any caps that some plans put on certain procedures requiring you to pay the additional expenses out of your own pocket.
With so many benefits being a part of such super top up plans, it makes for a wise decision to go for a top up medical insurance to safeguard your financial security and guaranteed access to the best of medical care even if the cost of medical care keeps going up.
In case you would like to explore a super top up plan that gives you one of the most comprehensive coverages in the industry, then care health insurance has one of the best plans that provide you with all the perks that we discussed so far. They have one of the best hospital networks in the industry with tie-ups with more than 16500+ healthcare providers and have an industry-leading 95.2% claims settlement ratios for complete peace of mind that your claims would be honoured in the quickest turnaround time when you need your insurance coverage to kick in the most.
So, what are you waiting for? It’s time to boost your health cover for a worry-free future!
