WebIn other words, a Top-up health insurance plan will provide financial support for medical costs when your claim crosses the threshold limit. In contrast, a Super Top-up health …

What Is The Term

WebFamily Floater :- Yes Family Unit Definition : -1 + 5 Members Covered : 1+5 (Self + Spouse + 2 Dependent Children + either 2 Dependent Parents or 2 Dependent Parent in Laws) ( … WebFeb 26, 2024 · Let us take the example of a 30-year-old male who has purchased a health insurance policy with a top-up plan for a total sum insured of Rs 1 crore. Here, the base/regular policy has a sum insured … georgia wholesale drug distributor license

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WebExample: Let us say that the sum insured in the primary health insurance policy is Rs. 5 lakh and the top-up policy is another Rs. 3 lakh with Rs. 1 lakh as the deductible amount. If the hospitalization bill amounts to Rs. 6 lakh, the insurer will pay Rs. 5 lakh from the primary policy and the balance Rs. 1 lakh will be paid from the top-up policy. WebGroup Personal Accident Policy is a group insurance plan, which provides financial cover against unexpected events such as accidental death, injuries, or disability to the members belonging to the group. Any unexpected accident that occurs while the employee is on duty or not, or in the country or not is covered under this policy. WebCo-insurance . Application . Either a fixed sum or percentage of medical bill is paid by the insured and the rest is borne by the insurer. A fixed percentage of the medical bill is paid by the insured and the rest is paid by the insured. Process . The financial contribution of every medical expense has to be taken up by the insured. georgia wholesale dealer license