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Canada Goose Parka Buying a basic health cover and supplementing it with a top plan is the prudent way to canada goose outlet in vancouver combat rising health care costs and avoid out of pocket expenses. Canada Goose Parka
Instead of enhancing the sum insured of your basic policy, a more cost effective canada goose outlet factory option is buying a super top up policy, experts tell Priyadarshini Maji.
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canada goose deals The treatment cost him around Rs 200,000. Despite having canada goose outlet a corporate mediclaim cover, Kumar had to pay Rs 100,000 from his own pocket. canada goose deals
Due to high medical inflation, corporate medical insurance often does not cover the entire expense in case of a major disease or accident.
Hence, employees should buy additional cover on their own, apart from the one provided by their employer.
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The typical corporate mediclaim cover comes with a number of limitations.
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Canada Goose Jackets “Top ups and super top ups too canada goose jacket outlet uk serve the purpose of supplementing or complementing an employer’s group health policy very well,” Canada Goose Jackets
Financial planners suggest that you should have your own basic health insurance policy and not rely completely on the employer’s canada goose outlet toronto address policy.
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Once you have a basic policy and want to enhance coverage, then instead of increasing the sum insured of your basic policy you can opt for a top up or super top up cover.
A top up canada goose outlet black friday sale cover becomes effective after you have exhausted the sum insured on your basic mediclaim policy.
canada goose coats on sale You need to choose a deductible for your top up policy the amount that you will have to pay out of your own pocket, or which your basic policy will pay for. canada goose coats on sale
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Super top up plans offer a better deal than top up plans.
A top up plan gets activated only when a single claim amount canada goose outlet phone number exceeds the deductible amount.
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You fall ill twice during the year, and canada goose outlet store toronto each time your hospitalisation bill comes to Rs 150,000.
In such a scenario, canada goose outlet ottawa your top up plan will not get activated.
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You can take care of this gap in a top up policy by opting for a super top up plan.
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canada goose store A top up plan has limited cover for pre and post hospitalisation expenses. canada goose store
But super top up plans provide coverage of pre and post hospitalisation expenses, day care procedures, and pre existing diseases after a waiting period of three years, just like basic insurance plans.