Definition
Top-up and Super Top-up Health Insurance
Top-up and super top-up plans provide extra health cover above a deductible at a low premium, supplementing a base policy.
A top-up health plan offers additional cover that kicks in above a chosen deductible threshold, but it applies the deductible to each claim separately. A super top-up is more useful — its deductible applies to the total of all claims in a year, so once your cumulative claims cross the threshold, the plan covers the rest.
Because they only pay above a high deductible (typically met by your base policy or savings), these plans offer large additional cover very cheaply. They are an efficient way to raise your total health protection without buying an expensive high-sum base policy.
For most families, a moderate base policy plus a super top-up is a cost-effective way to reach a large overall cover suited to today's high medical costs.
Related terms
- DeductibleA deductible is the amount you must pay yourself before your insurance starts covering a claim.
- Cashless HospitalisationCashless hospitalisation lets you get treated at a network hospital without paying upfront, as the insurer settles the bill directly.
- Health InsuranceHealth insurance covers medical and hospitalisation expenses in exchange for an annual premium.
Plain-English explainer from The Dispatch Investors Encyclopedia. General information, not financial advice.