Manoj Gehi View On General Insurance &amp Personal Finance.

  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 ...

Most of us have an existing Mediclaim / Health cover ... but due to inflationary trends we feel to increase the same. This could be done by either enhancing the existing mediclaim cover which would lead to increase in premium. The Other EASY ON YOUR POCKET ALTERNATIVE would be ... TOP UP YOUR EXISTING MEDICLAIM / HEALTH COVER. You may ask how ?????????????????? Now a Days many health insurance co's are offering you a Top Up Plan or better known as The High Deductible Plan, which is a cheaper alternative to your regular health plan / mediclaim. In this plan the Health Insurance Company Cover's your Hospitalization Expenses over and above your existing mediclaim / health cover. For Example :- You have a Mediclaim Policy of Sum Insured Rs. 3,00,000/- now you wish to enhance your coverage in regards to the same. So it is advisable to subscribe for A High Deductible Plan, where in Hospitalization expenses Over and Above Rs. 3,00,000 will be paid. That means the policy wi...