Skip to main content

L & T General Insurance Super Top Up.

 L&T General Insurance has received approval from the Insurance Regulatory and Development Authority ( IRDA) for a top-up health insurance plan of up to Rs 25 lakh, which can be bought by those even without an underlying insurance policy.

 A top-up policy acts as a supplementary cover. For instance, if an individual is covered up to Rs 3 lakh under his company's group insurance plan, he can buy a top-up policy where the claim amount exceeding Rs 3 lakh is paid. Although L&T General's new cover is named 'Super Top-up' plan, it can function as a basic policy with a deductible, if there is no other policy.

"Instead of buying a Rs 3 lakh cover, a 30-year-old can choose to keep Rs 3 lakh in a fixed deposit and get an insurance policy which providers cover for claims between Rs 3 lakh to Rs 12 lakh for a premium of Rs 1,870 annually," said Joydeep Roy, CEO, L&T General Insurance.

 The pricing is such that higher the deductible, the lower the premium, although the range of sum insured actually rises with a higher deductible.

Thus, a Rs 2-10 lakh cover is more expensive than a Rs 3-12 lakh cover and a Rs 5-20 lakh cover is the cheapest at Rs 810 per year for a 30-year-old. This is because most health insurance claims fall within Rs 3 lakh.

Sen said that the 'Super Top-up' would not have any sub-limits for room rent or procedures. Premium rates are much higher for those over 60 and a Rs 3-12 lakh cover costs Rs 13,200 for those in the 60-plus bracket. "But the advantage is that for senior citizens there is no change in premium for life," said Sen.

"The other difference between this plan and the 'Super Top-up' policy is that the initial limit is not per ailment but for all hospital expenses during the year," he added.

 source: times of india
TO KNOW MORE ON THE SAME KINDLY EMAIL 
planmyinsurance@gmail.com

Labels:

Comments

Post a Comment

Popular posts from this blog

New Revised Health Guard Plan From M/s. Bajaj Allianz General Insurance Co Ltd.

BAJAJ ALLIANZ GENERAL INSURANCE REVISES THEIR HEALTH POLICY A s stated earlier in my earlier post there are changes happening in the health insurance sector…. Keeping in tune with the same Bajaj Allianz has revised their Health insurance plan known as Health Guard. Kya Naya Hai you may ask ???? Major details given below are of the Gold Plan. Sum insured Options upto Rs. 50,00,000 Lakhs. Two Plans Silver & Gold Zone wise premiums A zone & B zone. Mumbai falls in A Zone. Silver Plan with sum insured below Rs. 150000  & Rs.200000 with sub limits,restrictions refer policy document. Gold Plan with Sum Insured from Rs.300000 to Rs. 50,00,000 Sum Insured  Sum insured Reinstatement Benefit for the same Illness. One of exclusive type in health insurance.(payable once for cancer* & kidney failure*) for details refer policy document. Pre Existing Diseases waiting period Reduced to 36 months instead of 48 months earlier Cataract Cover incr...
Post a Comment
Read more

HOSPITAL CASH POLICY

HOSPITAL CASH PLAN In event of hospitalization this plan helps you cover up additional hospitalization expenses like attendant food & accommodation which are not covered under the standard Mediclaim /health plan. Under this plan you are paid Daily Cash Component for each continuous and completed period of 24 hours of hospitalization due to Sickness or Accident. Maximum up to 90/180 days per policy year, depending on the plan taken . The Benefit is DOUBLED in case of I C U admission for each continuous and completed period of 24 hours of hospitalization due to Sickness or Accident. Maximum up to 15 days per policy year. NO MEDICAL TEST NEEDED BENEFITS: - One can take this policy along with or over and above the existing mediclaim/health policy. The CONITION OF SUB LIMIT ON ROOM RENT DOESN’T APPLY. It is paid irrespective of the ROOM RENT PAID. Premium paid under this plan is eligible for 80 D benefit . ILLUSTRATION TYPE OF ADMISSION PER DAY ...
Post a Comment
Read more
As long as Life Goes on Smoothly No One pays attention to it. But what if CANCER hits UNEXPECTEDLY??? Not only does it affect physically & mentally but also IMPACTS one’s finances. One can With COURAGE & WILL POWER FIGHT BACK PHYSICALLY & MENTALLY, WHAT ABOUT THE FINANCES? BE READY TO FIGHT BACK FINANCIALLY IN CASE OF CANCER. Let’s see what APOLLO MUNICH HEALTH INSURANCE CANCER PLAN has on offer. ABOUT THE PLAN: It has two variants… ESSENTIAL & ENHANCED. AGE AT ENTRY : - 5 TO 65 Years. SUM INSURED : - Rs. 5,00,000 TO Rs.50,00,000 ABOUT ESSENTIAL / STANDARD PLAN….. Coverage of medical expenses for hospitalization (inpatient and Daycare) and outpatient treatment taken for cancer. • Conventional treatment • Chemotherapy • Radiotherapy • Organ transplantation, as part of Cancer treatment • Surgeries for excision of cancerous tissue or removal of organs/ tissues(Onco-surgery) • Pre- hospitalization expenses incurred in the 30 da...
Post a Comment
Read more