Importance of Top-up Plan

What was a dream for the people till yesterday, it has become a reality in today’s time and every day we keep seeing samples of medical miracles in the newspapers? There was a different era when the cities of the city used to be deserted due to some disease, but the challenges are not always the same and with increasing time we have to face new challenges. Importance of Top-up plan.

The year 2020, perhaps, was like some such challenge, where people were once again looking helpless. Where once again the new technology was lost in front of the people and people lost their faith in this advanced world because a year is too much time to make any vaccine or medicine and especially in today’s world where every advanced facility is available nearby.

Over time, one thing that has made the most progress in the medical field. In today’s time, science has become a very big invention and with this increasing invention now everything is possible. Many diseases were incurable for people till yesterday, in today’s time people have found treatment for such diseases, and perhaps this is the reason why the medical field has progressed not only in treatment but also in matters of the progress of medical magic have come a long way financially as well. Let’s start to know about the importance of a Top-up plan.

Importance of Top-up Plan

We all are aware of the health system of India and recently there was chaos in India regarding oxygen. In such a situation, every person living in the country of India is deprived of better health services, and every person should go to a private hospital and get treatment, it is also a question for the people because they can’t afford it.

Although the answer to this question has been insured since time immemorial, if you are an insured then the doors of the private hospital remain open for you, and the best thing is that you get access to the best health care for this. You don’t have to pay anything to the hospital. Your insurance company pays this bill.

What is Top-up?

Health insurance has performed well in India in the recent past and perhaps this is the reason that along with the growing medical science, there has been a lot of demand for health insurance. With increasing medical treatment, advanced medicine has also become expensive and not everyone can come here and get treatment, but if you are an insured person then it will become easy for you.

Many times it happens that we ensure a cover of up to 5 lakhs and when we get admitted to the hospital, the bill becomes more than required. In such a situation, the insurance company also pays your balance amount and this process is called top-up, to increase the sum insured or the total cover value, health insurance companies have started top-ups while supporting the base policy.

If seen, the top-up plan seems a long shot and this plan has been made for exceptional circumstances. The purpose of this plan is very clear, to provide you with maximum and better facilities.

Advantages of Top-up Plan

This plan is somewhat like a double-edged sword, which has its own disadvantages and advantages. Everyone is interested in knowing the benefits and when it comes to benefits, top-up plans have their advantages.

• Covid-19 Cover
• Lifelong Renewability
• Network Hospitals Service
• Tax Benefit under section 80D

Disadvantages of Top-up Plan

Often when we are admitted to the hospital, we do not know how much money is going to be spent on the treatment, for us, it just happens that nothing happens to our patients. We also have insurance and also make claims and we come to know that the bill is much less than the coverage amount, then in such a situation, we feel that we have been created and this is its loss. Apart from this, you will pay extra money for extra coverage or top-up service but unfortunately, it won’t use, in this situation you will think that it’s was a waste of money.

Some Top-up plans