how does deductible work when you buy multiple super top up policies?

31 May, 2021 | by Clinton Fernandes

Top up/super top up query

Let us assume a base cover of Rs 5 lakh SI, a super top up of Rs 15 lakh SI with Rs 5 lac deductible. If a person wants to add another super top up, can he/she do it? If yes, is it true that the fresh deductible on the new super top up should come from a base cover only (and not as part of claims paid under the first super top up)?

In other words, what are the things to know when buying more than one top up policy?

Health Insurance

2 Answer

Post

31 May, 2021

Clinton Fernandes

I have got the answer through some basic search. The sub-limit and co-pay both will be applied, is what i have found. I hope i am right.

0 Comments

31 May, 2021

Shailesh Kumar

CEO, Insurance Samadhan

Dear Clinton

Super top us is a separate policy and you are free to buy as many as you wish but I do not recommend buying more than one .

My answers are given below :

1. Yes you can add but this would be very expensive . Buying higher sum assured is more economical than buying new super top up .

2. Deductible of Rs 5 lakh would apply whenever you use super top up .

3. I don't see any benefit of buying two super top up plans.

Shailesh

2 Comments

01 Jun, 2021

Clinton Fernandes

But how will the deductible for the second super top up work? Will the claims paid under first super top up be considered as deductible for the second super top up?

Also I heard that increasing sum insured in top up plans is not offered by insurers. Is that true

04 Jun, 2021

Asad Akbar

Self Employed - Digital Consultant

Hi Clinton,

Super top-ups take into account the aggregate hospital expenses on insured members in a policy year. This includes payments made by our selves, our base health insurance cover as well as any other super top-up. You are right about the other part. Super top-ups don't offer a no claim bonus.

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