How to get a cheaper Health Insurance? Top up vs Super Top vs Restoration benefit
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- Опубликовано: 9 апр 2024
- Buy Health Insurance and Get up to 25% Discount 👇🏻
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A "Top-Up" and a "Super Top-Up" policy are both types of health insurance policies that provide additional coverage beyond the limits of an existing health insurance plan. Here's a brief explanation of each:
Top-Up Policy: A Top-Up policy provides coverage for medical expenses that exceed a certain threshold, known as the deductible, within a single policy year. Once the medical expenses cross the deductible limit, the Top-Up policy kicks in and covers the additional expenses up to a specified sum insured. It is typically more affordable than a regular health insurance policy because it only covers expenses above the deductible limit.
Super Top-Up Policy: A Super Top-Up policy works similarly to a Top-Up policy but offers broader coverage. Instead of considering expenses on a per-claim basis, a Super Top-Up policy accumulates all medical expenses incurred during the policy year. Once the total expenses exceed the deductible threshold, the Super Top-Up policy covers the excess amount up to the sum insured. This type of policy is suitable for individuals or families with high medical expenses spread across multiple claims in a policy year.
Top-up and super top-up plans are health insurance options that offer higher coverage at lower premiums. With healthcare costs rising, having adequate coverage is essential. A top-up plan kicks in after a certain deductible is met, covering expenses exceeding it. However, it only applies to individual claims surpassing the deductible. In contrast, a super top-up plan covers the total sum of claims surpassing the deductible, making it advantageous for multiple claims. It's crucial to note the difference in policy terms-top-up plans mention only the deductible, while super top-up plans specify an "aggregate deductible."
Restore and re-fill benefits in standard policies provide added coverage but might not suffice for extensive expenses or repeated hospitalizations. Therefore, opting for a super top-up plan is advisable. These plans are more affordable because insurers bet on higher probabilities of smaller claims. It's recommended to purchase both base and super top-up plans from the same insurer to streamline the claiming process.
When determining coverage, prioritizing a robust base policy is advised. Comparing policies through platforms like Policybazaar can aid in selecting suitable options. While it's possible to buy a super top-up with a low deductible, it may not be cost-effective. Coordination between different insurers is necessary for planned hospitalizations involving both base and super top-up covers.
Individuals should consider their employment stability when relying solely on company health covers. Aligning the start dates of super top-up and base policies is ideal for comprehensive coverage. However, discrepancies in start dates can be managed with caution. When purchasing super top-up insurance, it's essential to understand the policy's features and compare options before making a decision.
In summary, while both Top-Up and Super Top-Up policies provide additional coverage beyond the limits of an existing health insurance plan, the main difference lies in how they calculate and apply the deductible and coverage limits.
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Buy Health Insurance and Get up to 25% Discount 👇🏻
tinyurl.com/3whsu853
Bro, Plz do the comparison of Nifty 50 index & Nifty total market index in your style.
Many finfluencers promoting the Total market index is better than nifty 50 for long term. Is that true?
Bro, I have 2 lakhs per month to invest . How do I divide my portfolio .fd seems to be safe but interest rate is not very interesting . SBI contra fund is offering 30% but not sure how to divide and invest . I am already playing with equity which I really like but don't want to trade on my monthly saving of 2lakha. Pl bro
Bro u r extremely good and ur videos are extremely helpful.. This topup and super top up I could not understand watching other videos but ur video is very simple and understandable. you deserve millions of views.
Hope u reach that soon.. all the very best
thank you for insights! Really helpful
Thank you for the most insightful information.
Hello Mr.Boosan
if not recommend a policy directly could you atleast list out the Top 5 companies with the best settlement ratio in India..
that will also be a very useful statistics
Very clear explanation. Thank u
thank you for informative session, this is useful for all beginners
Awesome explanation Bro👍
Really it was a new information on deductables...thx
Hi, Ur explanation on every topic is crystal clear..If possible, can you tell the difference between Mutual fund and index fund...? It would be much helpful for beginners....
Very useful , Thanks boosan
Please provide the floater non floater video for the add on playlist.
Hi Bro, could you please provide more insight on the TREPS in the Mutual fund
❤❤ usefull information thanks sir ❤
Bro..thanks for all the details. Is this promotion for policybazaar? Or you really recommend it personally?
Very useful information bro...one question, where can we check tracking error of any index fund bro?
After seeing ur goldbees video i am investing in it. Can we invest in zerodha etf with nav 11 .but am not sure of unit value in gms
Hi Anna, Is ULIP is the one of best method. I know mutual fund is very best when compare to ULIP but pls tell me is that best or worst or moderate
Hi Boosan, how to claim health insurance for the premium paid for three years in single payment?
Super top up entry criteria is mostly less than 65 years in almost many insurance companies. Is there any good insurance which allows the insured person over 65 years of age age?
Top up plan can be used for multiple claims in the same year? I heard that top up plan once used, cannot be used again for the respective year.
Please clarify
Bro phonepe sip option kaatuthe athula mutual funds ku invest pannalamaa...enaku idea illa konjam sollunga bro
i have noticed your house window thunderstrom wowww here extreme hot but there raining super
Hi sir ,please do tell about zerodha etf launched recently .what is the value of 1unit in grams in that scheme? Its not mentioned anywhere
Bro, can u pls. give subtitles in English for whatever u speak in tamil in ur Channel as the topics are very useful ( for persons like me who cannot understand Tamil(
Bro one doubt pls explaim. SIP Create pannum pothu amount requested from BSE nu varuthu. How to invest NSE. Pls explain
Hi Bro, I am interested to buy policy Niva puba reassure 2.
1 cr policy. But they're said base 10 lac and super top-up 90 lac policy.
Family members (2+2). This policy okay or ?. Please suggest your opinion and give me reply bro.
Already I have policy star health 3lac policy. I want to upgrade new one.
Hy boosan....I wanted to invest in Us market..so I invested in Navi nastaq 100 fund , but they temporarily stopped , so I started in motilal oswal nastaq 100 etf and also in mirae asset sp 500 top 50 ETF but this 2 ETF is overlapping at 50 percent of stocks but need to get US market exposure so even Bal 50 is the good exposure to get that so shall kep investing in both or shall I h investing in only one?
Hi Boosan..
I have one doubt , My father age is 58 with no pre exiting diseases but for 10 lakh cover the premium is about 2000 with all necessary features required . Should I go for this ? or Should i choose 5 laksh cover with supertop up ?
Navi nasdaq 100 sip pannamudiyala bro enna problem
Quant Mutual Fund pathi sollunga bro
8 steps to financial independence video la 8:27 to 9:52 shorts ah podunga bro
Hi boosan sir,,, en hus office la med insurance potrukaru,,,, FHPL insurance,,, courage 2L per year, na pregnant ah irupao 3rd month hospital la back pain kaha admit anaen,, 13k selavu achu,, 12k claim Achu frm insurance, then delivery ku 40k selavu Achu, bt claim anatu just 18k,, reason ketatiku sonanga normal delivery ku 30k tha Max claim akum, atula already nenga 12k amount 7months munadiye claim panitunga,, micham 18k Ila claim akiruku nu,,, ipdi oru insurance policy theva thana ???
Bro 15000 salary vagra my age 21 enaku knjm eye prblm irukku na entha plan edukrathu eppadi suppose surgery mari timela .eppadi edukrathu detail video poduga please
Ipo company la oru health insurance iruku la adhule top up plan option iruku adhe opt pannanuma? But adhule restoration benefits lam iruka mari ila adhunala na ditto app la chk pannalam nu wait pannen because you suggested earlier. Now after this video really confused.
Kandipa extra health insurance vera company la choose panna problem aguma? Company la 15l varai top up plan iruku but no restoration or no claim bonus. Kindly reply.
There is no problem in choosing it in another insurance company, however you need to coordinate between the two plans in 2 companies - if it is with same company this coordination will be simpler.
@@finance.boosan Thnx for replying despite having a huge fan following..
Bro nfo pathi solunga is it good investment plan?
NFO investment worth'a? IPO vs NFO
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I'm willing to make consultations to improve my situation. What is the most reliable medium to reach him please?
Can yah give me link..
For me, 100% restoration for the same person for the same illness is allowed from the next claim. Still I need top up plan?
Same doubt....😂
It relies on the extent of your base coverage. If your base cover is sufficiently large to manage a single substantial claim, a top-up policy may not be necessary. However, if a single claim significantly exceeds your coverage, it could lead to substantial expenses, making a super top-up policy very useful. Additionally, top-up policies tend to be more cheaper with higher deductibles.
How can I contact you?
Bro please reply Zerodha coin app la SIP start pannanum epdi bro year select pannanum minimum year irukka please reply bro theriyama wait pantran sip start panna
age kekureengala?
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@@SMMohan-fj5knMinimum years lam illa bro. Eppo vena stop pannikalam. Sip date vara one week munnadi maathri cancel pannanum sip ah.
Aana oru sila funds la lock-in period irukkum. Athuvum withdraw panna than
@@SMMohan-fj5kn bro first time investor ah neenga
@@Rishi9361 yes bro friends mutual funds pathi therila panna mattikirakal eallam thunivu movie mathiri pesurakal atha bro epdi year select pannanuma enna theriyama iruken Nan
Bro i took health insurance from tata aig i paid 40,000 for 4 people my dad's age is 50 and my moms age is 45 and a plan for 10Lakhs did you think is the right cost ..
No
@@dravmo3479 what could be right cost
Combined 10L means over cost bro each 10means good
@@mossesrabinson7258 what is good cost for combined 10L plan
Bro i paying 35K for 3 people For Family Cover of 5 L So it looks reasonable only. But however compare with other products and buy in offline. Coz we won't get proper support from corporate in online mainly any extraordinary situation came means the chances of getting proper service is less
Please let me know the best plan for senior citizens. I am looking for a family floater as my father is 60 yrs and mom is 54 yrs old. No existing illness. I am looking for a affordable plans