Kumar, for example, met with a life-threatening accident that not only left him indisposed for six months, but also hurt his savings due to the expensive treatment involved. Though Kumar had a health cover of R3 lakh from his employer, he had to pay the balance R2 lakh from his own pocket. This blow affected his financial health, from which he took much longer to recover than the injury itself.
Kumar was on paid leave for a month, recuperating, when a friend of his, Keshav, visited him. While expressing concern over his health, Keshav explained how he bought a top-up health insurance plan that would help him deal with elevated treatment costs arising from any serious disease.
A single health cover plan is generally not enough to deal with needs of an entire family. Take Kumar, for example, who had to delve deep into his savings to meet the medical expenses beyond his cover, thus affecting his future plans as well.
It is practically not possible for everyone to raise the coverage of an existing plan as it entails higher premiums. This is where top-up health insurance comes in handy. A top-up is a unique type of policy that offers the insured additional coverage that goes beyond the maximum limit of the existing policy. Such a plan comes in handy when the limit