Super top policy purchased in a different month than my base policy

09 Jul, 2021 | by Bajrang Lal Bhura

For my mother, 61 years old, I have taken base policy of hdfc ergo - my health suraksha silver (taken on 12th July, 2017). Sum Assured is Rs. 4 lakh. NCB of 2 lakhs has been accumulated till date. (Maximum NCB is 4 lakhs).

I took a super top up plan - Health Connect Supra by liberty videocon on 9th June 2020. Deductible Rs. 4 lakhs. Sum assured Rs. 10 lakhs.

Later I realised that super top up plan of the same company would make sense. So on 29th December 2020, I took hdfc ergo super top plan - medisure. Deductible 4 lakh. sum assured 11 lakhs.

On March 11, 2021 - My mother had to visit a cardiologist.

As the base policy has been purchased in July, I made payment for hdfc ergo super top up plan on 6th July, 2021 with the same amounts. However, hdfc ergo denied issuance of this new top up policy due to prevailing health conditions.

Now, to conclude I have a base policy of 4 lakhs (July), super top up by liberty (June) (deductible 4 lakhs, SI - 10 lakhs) and hdfc ergo super top up (December) (ded - 4 lakhs, SI - 11 lakhs).

My question is if I have to drop any of these 2 super top policies, which one should I drop ? or should I continue with both the policies. Assuming that other insurance companies will also not issue new top up policy basis the health condition of my mother.

Thanks.

Parents-Health-Insurance

Purchase

Opinion

1 Answer

Post

10 Jul, 2021

Asad Akbar

Self Employed - Digital Consultant

Hello Bajrang,

I got slightly confused with your statement in paragraph 5 of your question. Which super top up was declined by HDFC Ergo on 6th July 2021 - are you talking about a 3rd super top-up that you were trying to purchase from HDFC ergo?

My understanding is as follows -

1) You have 3 active insurance policies for your mother - base policy of 4 lacs from HDFC Ergo, Super top up of 10 lacs from Liberty & another super top-up of 11 lacs from HDFC Ergo.

2) If statement 1 is correct, your mother's total health insurance coverage is 25 lacs.

Given that she has a heart ailment, I don't think it's prudent to drop any of her health insurance covers. Please continue with all 3.

I also feel that she may not get any more health insurance policies issued under the current circumstances.

Please feel free to ask if you have more questions.

Best Wishes,

Asad Akbar

2 Comments

10 Jul, 2021

Bajrang Lal Bhura

Thanks a lot for your reply. On 6th July 2021, I applied for third super top up policy . My plan was to buy this third one in July so that it matches the month of my base policy plus, it would be from the same company as my base policy. I had thought to take this one and then drop the other two policies. so that effectively I would have base policy of 4 lakhs from hdfc ergo and super top up of 11 lakhs from hdfc ergo. However, this heart condition changed the dynamics.

Yes, she currently has 4+10+11 lakhs cover.

Considering that base policy of 4 lakhs has currently accumulated bonus of 2 lakhs already. So effectively I have 4 (+2) +10 +11 lakhs cover.

If at all I have to drop one super top up, which one should I drop ?

My base policy of hdfc ergo is bought in July.
Liberty super top up is bought in June.
hdfc ergo top up is bought in December.

10 Jul, 2021

Asad Akbar

Self Employed - Digital Consultant

Drop the one from Liberty, if you have to drop one. It makes better sense to have your base policy and top-up from the same Insurer logistics-wise. However, I would again advise not to drop any now keeping your mother's health status in mind.

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Super top policy purchased in a different month than my base policy

1 Answer

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