Increasing SI vs. Super Top-up: Which is Better?

Published By: Business Today​

Published Date: 19-06-2023

With the rising medical costs and health risks, it is important to increase your sum insured and choose a health insurance plan with a wide range of benefits.

According to our CEO, Rakesh Jain, you should first assess your healthcare needs. Consider factors like your location, pre-existing illnesses, surplus funds and scenarios like a pandemic that could impact your entire family to determine the required health insurance coverage.

He says whether you choose an enhanced sum insured or a super top-up plan, ensure you have coverage of over ₹10 lakhs and a health insurance plan with flexible features for personalised benefits.

A super top-up plan provides additional coverage above your deductible limit, if your bill crosses your sum insured. It offers coverage at a lower premium compared to purchasing a new policy with an enhanced sum insured. However, you must examine the premium and the deductible you can afford.

He further says you can also add critical illness coverage or fixed-benefit critical illness coverage to pay for medical costs resulting from critical illnesses. However, consider the list of critical illnesses covered, the waiting period, and the financial benefits in such scenarios.