Base health insurance can offer you financial protection against medical expenses up to a predetermined sum insured. Coverage under such health plans is purveyed to you for expenses born from hospitalisation, pharmaceuticals, surgeries, critical illness treatments, and more. Such plans can also cover expenses surrounding room rent, emergency road ambulance services, diagnostics, etc.
Important Update (Dated May 30, 2024) – Good news for Health Insurance policyholders! According to the Master Circular on Health Insurance Business 29052024 rolled out on May 29, 2024 by IRDAI, insurers are to decide on the request for cashless claims within 1 hour of receiving the request. Also, the final claim is to be granted within 3 hours after the policyholder’s discharge from the hospital. Insurers have been directed by IRDAI to establish necessary systems and procedures for this process by July 31, 2024.
The Master Circular on Health Insurance Business 29052024 circular is available here - https://irdai.gov.in/document-detail?documentId=4942918
Top-up health insurance plans can be opted for in times of insufficient health insurance coverage. Should you find that your basic health insurance coverage is inadequate, top-up health plans can help you greatly. You can also use it if you exhaust your sum insured due to expensive medical bills and increase your sum insured.
Here are the key differences between base health insurance and top-up health insurance.
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Base Health Insurance |
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Claim Settlement |
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Switching Insurers |
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While having a top-up plan with your basic health insurance plan is a great benefit, it is also essential for the sake of your financial safety and peace of mind. Through this security, you can rest assured knowing that your medical bills and finances are in safe hands.
You can carry out your very own comparison and analysis of base health insurance v/s top-up health insurance right here, on Bajaj Markets. Additionally, you may also find your ideal health insurance plan and purchase it with just five simple steps. Bajaj Markets offers health insurance plans starting at a nominal price of ₹53/month only!
Most insurers in India offer top-up health insurance plans as extended coverage on the existing health policy. So, in case you realise that you are about to exhaust the sum insured, opting for top-up health insurance will cover the exceeding expenses without you having to dip into your life savings.
Some common factors that can affect your top-up health insurance premiums are as follows:
The area of residency
Deductible amount
Sum insured chosen
Some of the expenses covered under health insurance top-up policies are as follows:
Ambulance charges
Maternity benefit cover
Organ donor cost
Pre and post-hospitalisation expenses
Yes, you can purchase the Bajaj Allianz Extra Care Plus top-up health insurance plan online on Bajaj Markets.
You can use your health insurance top-up plan when your medical expenses (during hospitalisation) exceed the sum insured offered by your base health insurance policy.