How Does Top Up Health Insurance Work?

  • Author :
  • TATA AIG Team
  • Published on :
  • 29/11/2021

Have you ever found yourself in a situation wherein your platter is empty, but your appetite is not yet satisfied, and there is no more food available?! It is not a situation anyone ever wants to be in. Therefore, just as you should always have some extra food so as not to have to leave your dining table disappointed, you must also have a higher amount of health insurance than what you deem is necessary.

Imagine a situation wherein your medical bills exceed the coverage provided by your health insurance plan. During a medical emergency such as, say, a severe accident or a cardiac arrest, you may be hard-pressed to arrange the additional funds required to settle such bills, which is why it is prudent to buy top-up medical insurance. Similar to how you can buy medical insurance online, you can also purchase a top-up health insurance plan online.

At Tata AIG, we offer not only excellent regular health insurance policies in India but also a feature-laden super top-up health insurance policy called MediCare Plus. With the Tata AIG health insurance premium calculator, it is easy to compute the price of your basic as well as top up mediclaim policy and select the one that is most suited to your health insurance requirements.

What is Top Up Health Insurance Policy?

If you are wondering 'what is a top-up health insurance policy', the answer is that it is a policy that offers health insurance coverage over and above your basic health insurance plan. Therefore, it serves as an additional layer of protection against a myriad of health-related events.

How Does Top Up Health Insurance Work?

To put it simply, if the amount of your health insurance claims during a policy year is higher than the sum insured under your health insurance plan, a top-up health insurance policy can bridge that gap. With the Tata AIG Super Top Up Health Insurance Plan, you can benefit from the feature of aggregate deductible.

In a basic health insurance plan, you can only file a claim if the claim amount exceeds the deductible mentioned in the plan. Au contraire, with our MediCare Protect Plan, there is a clause for aggregate deductibles which means that the sum of all the health insurance claims that you file in a policy year should be higher than the deductible even if an individual claim falls short of the deductible's ceiling.

Not only can you use a top-up health insurance policy in tandem with a basic health insurance plan, but you can also use one in isolation. Therefore, if you are undecided about the feasibility and benefits of a super top-up health insurance plan, you should put those doubts to rest and select a plan now to have a higher degree of protection against medical emergencies and medical inflation.

Benefits of A Top Up Health Insurance Policy

There are several benefits of buying a top-up health insurance policy, some of which have been discussed below.

1. It Helps You Counter Rapidly Rising Medical Inflation

With the cost of medical treatment and medicines increasing at a rapid pace, you can never quite have enough health insurance. An accident or a diagnosis of a critical illness, for instance, can leave you facing substantial medical bills - bills you may not be able to afford without putting a massive dent in your savings or, worse yet, bills you may not be in a position to afford at all.

Therefore, the importance of having a top-up health insurance policy cannot be overstated. Such a plan can help you handle the cost of the medical attention you need.

2. It Provides You With Higher Health Insurance Coverage

By opting for a top-up health insurance policy, you will most likely have a higher overall health insurance cover for yourself than what you have with a basic mediclaim policy. It is usually more cost-effective to buy a top-up plan than to invest in another basic health insurance plan since the premiums of the former are much more feasible.

3. It Is Easy On Your Pocket

Since a top-up health insurance policy is an additional health insurance cover, it usually costs less than your basic health insurance plan. The Tata AIG Super Top Up Health Insurance Plan, for instance, has been designed to be easy on your pocket and offer you higher health insurance coverage at pocket-friendly rates.

4. It Can Be Your Cushion In Uncertain Times

In times as uncertain as the past year and a half, the importance of health and having suitable and sufficient health insurance coverage has reverberated in almost every corner of the globe. Not only do you need to be prepared for regular illnesses and accidents but also for the brutal effects of the virus that has wreaked havoc worldwide. Buying a top-up health insurance policy can help you navigate the murky waters of high medical bills with relative ease.

5.It Offers Better Coverage Than a Group Health Insurance Plan

If you are covered by a group health insurance plan such as the ones offered by employers, you may have a limited health insurance cover. Therefore, selecting a top-up health insurance policy can be an excellent option for you. Such a plan can provide you with extensive health insurance coverage, including covers for AYUSH treatments.

In Conclusion

Owing to the multiple benefits of a top-up health insurance policy, the decision to buy one should be a straightforward one. With the Tata AIG MediCare Plus Plan, you can benefit from lower premiums for higher coverage, round the clock assistance, paperless policies, a high claim settlement ratio, an extensive nationwide hospital network, and the trustworthy protection of a TATA promise.

You can peruse our top-up health insurance policy now and use our health insurance premium calculator to compute the precise cost based on the coverage you wish to have. Buying an online health insurance plan is safe and hassle-free and enables you to save time and money. Stay safe and healthy, and select your health insurance coverage wisely!

Disclaimer / TnC

Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.

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