Subramanyam Brahmajosula
In today’s era, the cost of treatment is increasing rapidly. The hospital is not less than a robbery on your savings. In such a situation, taking health insurance i.e. health insurance has become more important than ever. Now it is no longer a backup plan to be used only in trouble, but it is an investment made carefully. It has become more important to choose the right health plan on this too.
A common health policy covers the necessary expenses. But when the treatment becomes very expensive, this policy is not able to help fully. Therefore, in the case of health insurance, correct planning is also necessary. It acts like a safety measure. If you add some extra to your basic health insurance policy, such as super top-up plan, then more coverage can be found in less premium. This is a sensible way to protect your pockets as well as your family’s health.
Correct planning means a great security shield
In the case of health insurance, it is no longer so that the plan is taken once and the bus is done. As time passes, the needs change and the plan becomes complicated. In such a situation, it is important to understand the premium amount, family needs and policy features carefully while taking the plan. It is not easy to understand the terms of the policy such as deductable, co-para and coverage limit. Because of this, people make wrong decisions. There are very few people who are able to understand these things well.
It would not be wrong to say that the information of health insurance is less among the common people. But if correct planning is done, it can prove to be a very good security shield and can reduce the sudden financial burden on your pocket in difficult times.
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Base+super top-up beneficial combination
In today’s time, only one common health policy is not enough. Addition with this is a smart way to add super top-up plan. With this, you can avoid heavy treatment expenses. Suppose you have a deductable limit of Rs 3 lakh and you have to go to the hospital twice a year. One time spent 2 lakh rupees and second time for 3 lakh rupees. In such a situation, the general top-up policy will not work as the two bills are different. But if the super top-up plan sees the total expenses of the year, then the deductable out of this 5 lakh rupees, the remaining 2 lakh rupees, this plan covers the plan.
This is very beneficial for those who have to undergo frequent treatment or have elders in their homes who often need medical help. In addition, this plan is cheaper. You can set its deductable limit according to your budget. On this, you also get tax exemption under Section 80D of Income Tax.
How to choose the right super top-up plan
The first and important advice is that do not choose the plan just by looking at cheap premiums. It should be seen how the plan supports your existing health insurance policy. The Super Top-up plan is available in insurance amount ranging from Rs 5 lakh to Rs 4 crore and comes in the deductable limit ranging from Rs 2 lakh to Rs 2 crore. This plan can be taken for any person aging 18 years or older and there is no maximum age limit.
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What is cover
It provides many facilities such as incentive treatment, expenses before and after hospitalization, day care surgery, organ donation expenses, robotic surgery, AYUSH medicine, home treatment, ambulance and home health service. The super top-up calculates a one-year total bill. At the same time, normal top-up applies deductable to each bill.
The super top-up plan is an affordable and intelligent way, so that you can keep yourself ready for big medical needs. It not only reduces the expenditure but also gives you and your family better treatment and mental peace. If planned properly, health insurance becomes not just a paperwork but a strong economic security.
(The author of this article Subramaniam Brahmjosula is the Chief Product and Marketing Officer in SBI General Insurance.)
