Manoj Gehi View On General Insurance &amp Personal Finance.

The Top Up Plan or The High Deductible Plan What is a top up plan or a high deductible plan? this is a plan / policy which can be taken along with your existing mediclaim policy.  This policy comes into effect after a pre-determined deductible amount.  Now one would ask what does one mean by deductible? in common terms deductible means an amount of sum insured which you would share or pay or have as an existing insurance under the existing insurance plan. Why Take this Plan? Most of us are not adequately insured, so In the times of rising medical costs Extra Care Policy is  the perfect health protection for you and your family. It takes care of the medical treatment costs incurred during hospitalization due to  serious accident or illness. This policy can be taken as add on cover to  your existing hospitalization – medical expenses policy.  Features of this plan This plan can be taken on individual or family floater basis. Eligi...

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...