: If the bill exceeds your base policy's limit, the "buy-up" plan kicks in to cover the remaining eligible expenses up to its own higher limit.
Buy-up plans operate based on a (or threshold limit). The plan only activates once your medical bills cross this specified amount.
Once the yearly aggregate deductible is met, all subsequent claims are covered. Severe, one-time medical events. Chronic issues or multiple hospitalisations. Key Benefits buy up plan
: Premiums paid for these plans are typically eligible for tax deductions under Section 80D of the Income Tax Act.
: Your primary insurance (e.g., an employer-provided plan) pays for the initial hospitalisation costs. : If the bill exceeds your base policy's
: Some buy-up plans offer extras like no sub-limits on room rent or coverage for organ donor expenses. Critical Considerations
: If your buy-up plan is tied to an employer-provided group policy, remember that leaving the job may end that additional coverage. A Handbook to Top-up and Super Top-up Plans - Policy bazaar Once the yearly aggregate deductible is met, all
A (often called a top-up plan ) is a cost-effective way to boost your existing insurance coverage by adding an extra layer of protection once your primary policy's limit is reached. How Buy-Up Plans Work