A super topup policy is a type of health insurance policy that provides additional coverage beyond the threshold limit of an existing health insurance policy, also known as the deductible.
Super topup policies are useful because they provide additional coverage at a lower premium compared to increasing the coverage limit of your primary health insurance policy. They are particularly beneficial for individuals who want to enhance their health insurance coverage without paying a significantly higher premium.
Why super topup?
Stays with you
Remains valid even if you move out of your company
Instant policy issuance
Get your cover activated within 5 minutes
No medical required
You get pre-qualified without undergoing medical tests
Covers critical illnesses
Tackles life-threatening diseases
Tax benefit
Get tax benefit under Section 80D
Family of four
Covers you, your spouse and 2 kids through a floater cover
How it works?
A super topup policy is a type of health insurance policy that provides additional coverage beyond the threshold limit of an existing health insurance policy. Here's how it typically works:
Consider an example where employee Sneha's policy covers the employee, her spouse, and her children.
Sneha buys a super topup for her parents with the sum insured as 20 lakhs, and a deductible of 3 lakhs. Sneha paid a premium of Rs. 1248 for the year to get the super topup (624 for her father + 624 for her mother).
Unfortunately, Sneha's father runs into a situation where he needs to undergo treatment. Let's say the total hospital bill for the treatment was 7 lakhs.
Since the deductible that Sneha opted for is 3 lakhs, she will have to pay 3 lakhs worth of bills out of her own pocket, or the father's sum insured (in case the father has been insured via an external health insurance policy bought separately) first.
Then, for the remaining 4 lakhs, Sneha can use the super topup. The sum insured via the super topup is 20 lakhs. Since 4 lakhs has been used up, the super topup balance becomes 16 lakhs (20 - 4).
If Sneha's father is hospitalized again, with a total bill of 10L, she can now directly use the super topup to settle the entire bill. The super topup balance becomes 6 lakhs (16 - 10).
FAQs
What is super topup policy?
Super topup is additional coverage of upto 1 Crore added to your existing policy. You can avail the additional cover for yourself, and/or for your entire family (self+spouse+2 kids), and/or your parents.
What is a deductible?
Deductible refers to the amount paid by the policyholder (via out-of-pocket or other medical insurance policy) before the super topup kicks in.
Does super topup cover same-sex or unmarried couples?
No, the policy doesn’t cover same-sex or unmarried couples.
Does the super topup cover have age limits?
Yes, the plan is available to individuals below the age of 65 years for new purchases and can be renewed till the age of 75 years.
Can I buy a super topup only for my parents?
Yes, parents can be covered in separate individual policies. Please note that you can only purchase a new policy for your parents who are 65 years old or under. However, these policies can be renewed till they are 75 years old.
Why should I buy a super topup for my parents?
As your parents get older, there is the possibility of rising healthcare costs. There is always a chance that your existing health insurance cover may not meet their healthcare expenses. A super topup can help enhance their existing health insurance cover (which they may have purchased in a personal capacity or may have obtained through your insurance plan) if they don't have any pre-existing conditions.
Can I add a super topup to avail maternity benefits?
No, super topup does not cover maternity.
What is the difference between a regular health insurance plan and a super topup plan?
Super topup health insurance is an additional policy that works with your existing insurance policy.It kicks in only when you have exhausted your deductible amount in your base policy (i.e. a regular health insurance plan).
