Description
Super Top Up Health Insurance
Boost your existing health coverage with TATA AIG’s MediCare Plus!
Our super top-up plan, MediCare Plus, is a pocket-friendly health companion you can always rely on. MediCare plus offers additional health benefits over and above your regular health insurance plan which can be your GOLDEN CARD (PMJAY Scheme). Super top-up plans are crucial as they provide you with coverage after you’ve maxed out the claims against your regular health insurance policy. But that isn’t the only reason why they’re a good idea.
When you make claims against your base health insurance policy, each claim amount needs to be more than the deductible amount. With our MediCare Plus health insurance policy, you can benefit from aggregate deductibles. This means that the total amount of all the claims you make in a policy year should be more than the deductible amount. On the other hand, base health insurance policies have a deductible against every claim you make.
How Does Super Top Up Health Insurance Work?
We can truly understand the importance of having super top-up health insurance by looking at an example.
Let’s say Mr. Kumar has a base health insurance policy from his company that offers him a sum insured of INR 5 lakhs. He meets with a terrible accident and is admitted in the hospital for treatment. At the end of his hospitalization, the claim amount is a total of INR 7 lakhs. Mr. Kumar’s health insurance policy will pay the claim amount of INR 5 lakhs, but Mr. Kumar would have to pay the remaining amount of INR 2 lakhs. If Mr. Kumar has a super top-up health policy that offers cover for INR 10 lakhs, his super top-up policy will cover the balance amount of INR 2 lakhs.
You can also use super top-up health insurance plans in isolation. If we continue with the above example, let’s say Mr. Kumar paid the pending amount of INR 2 lakhs from his own pocket. For the rest of the year, he has a few other health issues and makes claims against his policy. Let’s see how this plan helps Mr. Kumar if we assume his top-up plan offers cover of INR 10 lakhs and has a deductible of INR 2 lakhs. The first claim he makes against the super top-up policy is for INR 4 lakhs. He pays the deductible of INR 2 lakhs and the policy covers the rest. The next time, he has to make a claim for INR 3 lakhs. This time, he doesn’t have to pay any deductible and the full amount is settled by the health insurance provider. Finally, Mr. Kumar makes another claim for INR 2 lakhs. Once again, he doesn’t have to pay any deductible and the full amount is provided by the insurance provider.
Should you opt for MediCare Plus as your super top-up health insurance plan, you can also enjoy these amazing benefits:
Health Cover
Our super top-up health insurance policy will help you take care of the cost of various healthcare treatments. Our plans come without sub-limits unless they’re explicitly mentioned in your health insurance policy documents.
Cashless Claims
TATA AIG has over 7,200 network hospitals, so you can enjoy cashless claims at most facilities.
Age No Bar
We offer life-long renewals with MediCare Plus! So, whether your 60, 70 or 80, you can continue to pay your premiums on time and enjoy additional health cover.
Consumables Benefit
Under the Consumables Benefit we’ll cover the cost of consumables that you need during your hospitalization that are directly related to a covered treatment.
Cumulative Bonus
For every year that you go without a claim, we’ll provide you with a bonus by bumping up your sum insured the following year. We start with a 50% bonus and increase it each year, up to a maximum of 100% of the sum insured amount.
Tax Deductions
Under Section 80D of the Income Tax Act, 1961, you can claim deductions up to INR 75,000 for the premiums paid towards the upkeep of health insurance policies for yourself, your spouse, your children and your parents above the age of 60. To understand health insurance tax benefits, we’ve curated an in-depth guide to help you save on taxes by the purchase of a health insurance plan. #Please note tax benefits are subject to change in Income Tax laws.
Optional Global Cover
If you’d ever like to seek treatment abroad, this optional cover is great for you. With this cover, we’ll help you take care of the cost of treatments abroad for a disease or illness that was diagnosed in India and for which you’ve specifically travelled for the purpose of treatment.
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