Sanjib Jha | Answer |Ask -Follow
Insurance Expert - Answered on Dec 22, 2022
For example, if you have a base policy with sum assured of 5 lakh and a top-up policy over it with a sum assured of 10 lakh and you raise a claim for 7 lakh, the 2 lakh difference will be covered by the top-up plan. However, if you don't have a top-up plan you will have to pay it from your pocket.
Top-up plan can be subscribed to when you feel the sum assured value of your base policy will not provide enough coverage. There are no cons of buying a top-up policy; it is advisable that with age one increases their coverage amount to be on a safer side.
You may like to see similar questions and answers below
Roopam Asthana | Answer |Ask -Follow
Answered on Jun 11, 2021
Sanjib Jha | Answer |Ask -Follow
Insurance Expert - Answered on Feb 02, 2023
Ramalingam Kalirajan |6292 Answers |Ask -Follow
Mutual Funds, Financial Planning Expert - Answered on May 10, 2024
Ramalingam Kalirajan |6292 Answers |Ask -Follow
Mutual Funds, Financial Planning Expert - Answered on Aug 20, 2024
Milind Vadjikar |133 Answers |Ask -Follow
Insurance, Stocks, MF, PF Expert - Answered on Sep 15, 2024
Nitin Narkhede |11 Answers |Ask -Follow
MF, PF Guru - Answered on Sep 15, 2024
Nitin Narkhede |11 Answers |Ask -Follow
MF, PF Guru - Answered on Sep 15, 2024
Milind Vadjikar |133 Answers |Ask -Follow
Insurance, Stocks, MF, PF Expert - Answered on Sep 14, 2024
Dr Nagarajan J S K |116 Answers |Ask -Follow
Health Science and Pharmaceutical Careers Expert - Answered on Sep 14, 2024
Dr Karthiyayini Mahadevan |1065 Answers |Ask -Follow
General Physician - Answered on Sep 14, 2024
Dr Karthiyayini Mahadevan |1065 Answers |Ask -Follow
General Physician - Answered on Sep 14, 2024
Dr Karthiyayini Mahadevan |1065 Answers |Ask -Follow
General Physician - Answered on Sep 14, 2024
Dr Karthiyayini Mahadevan |1065 Answers |Ask -Follow
General Physician - Answered on Sep 14, 2024
Dr Karthiyayini Mahadevan |1065 Answers |Ask -Follow
General Physician - Answered on Sep 14, 2024
Close