I have one £5 Lakh insurance coverage of my company. Can I use this coverage as a deductible option and opt for a health insurance plan of the market with a lesser premium?
Sofia
Yes, you can. Only trusting your employer-intended health insurance may seem useful, but it has its limitations, the employer provides insurance is linked to your job, and if you change jobs, between jobs or retiring, this coverage may no longer be available. In addition, the conditions, the coverage amount and the benefits of these plans vary considerably between companies, and they may not be sufficient to meet the health care needs of you and your family, especially during medical emergencies, having your own basic insurance plan for retailing ensures that you are always financially protected, regardless of your employment status. These plans offer stability, continuity and coverage tailored to your specific requirements.
Since you already have a £ 5-lake coverage from your employer, the purchase of a super-top-up plan with a deductible of £ 5 Lakh can be an excellent choice.
A super-aan-up plan is an additional health insurance policy that starts after your medical costs exceed a certain deductible amount (in this case £ 5 lakh). For example, if your total medical costs for the year amount to £ 10 lakh, the first £ 5 Lakh would be covered by your employer’s plan and the remaining £ 5 Lakh would be covered by the super-top-up plan.
Lower premium costs
Since the super-top-up plan is only activated after the deductible amount has been exhausted, the premiums are considerably lower compared to a basic insurance insurance policy of the same amount. This makes it a budget -friendly option and offers a substantial extra coverage.
Higher coverage for critical diseases
Important health problems such as cancer, organ transplants or long -term hospital admissions can lead to medical costs of much more than £ 5 Lakh. A super-top-up plan bridges this gap and ensures that you are financially prepared for expensive treatments.
Why combine both plans?
By combining your employer’s health insurance with a super-top plan, you get the best of both world-primary coverage for routine medical costs, extensive protection for high-quality claims and continuous financial security, even if you start a job or retirement.
Chat Dackagen: Evaluate the health plan of your employer on restrictions such as covering the Chamber, co-payments or excluded treatments
Choose the right super-top-up plan: Choose a plan with an insured sum that comfortably exceeds your deductible. Many insurers offer adjustable options to meet your needs
Secure a Basic Shop Plan: If you do not yet have a personal basic plan, consider buying one to guarantee the continuity of coverage
Although your insurance policy provided by the company is a valuable benefit, it should not be your only source of health coverage, combining with a super-top-up plan offers extensive protection against reasonable costs. In addition, consider buying a basic store plan to guarantee the long -term health security for you and your family. This layered approach ensures peace of mind and financial security, regardless of circumstances.
The author is Director, Insurance, Products and Claims, Niva Bupa Health Insurance
Published on May 17, 2025
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