Advantages of buying a Super Top-Up with deductible lower the Base Policy cover
Are there any practical advantages of opting for a Super Top-Up cover that has a deductible which is lower than the Base Policy Cover?
Let me explain with an example.
Let's say that I want to buy a total cover of 20 lacs using a combination of a Base Policy and a Super Top-Up. Let's assume that I will always buy both the policies from the same insurer.
Case 1 - Base Cover of 10 lacs with a Super Top-Up of 10 lacs with 5 lacs deductible.
Case 2 - Base Cover of 5 lacs with a Super Top-Up of 15 lacs with 5 lacs deductible.
I understand that the Super Top-Up plan kicks in as soon as single/cumulative expenditure during the policy period crosses the deductible. Having said that, are there any practical advantages of opting for Case 1 instead of Case 2? Would the answer to this question depend on the age of the person being insured?