Can you port a super top-up health insurance policy?

I have a super top-up plan with one insurance provider. Can I port (move) it to another provider? - Shyam Menon

Super top-up plans can be transferred to another insurance company. That said, industry experts opine that it is rare and usually happens when someone is facing serious claim issues.

How to port?

The process to shift your medical plan is straightforward: Reach out to your new insurance provider at least 45 days before your existing policy's premium renewal date. Then, fill out the portability and proposal forms, and voila! You are all set to make the switch.

Read How to port your health insurance to know the process in detail.

In case you didn't know what super-top-up plans are...

A super top up plan reimburses policyholders for expenses that exceed their basic health insurance policy's coverage limit. They come with a deductible which should ideally be met by your basic plan.

For example, let's assume you have a basic medical policy of Rs 5 lakh. In addition, you buy a super top-up plan with a coverage of Rs 20 lakh and a deductible of Rs 5 lakh. Now, let's say the hospitalisation cost is Rs 7 lakh (which is more than the deductible of Rs 5 lakh). In this scenario, you would initially need to cover the Rs 5 lakh expense either through your primary insurance policy or out of pocket. And only after that can the super top-up plan step in to cover the remaining Rs 2 lakh.

Also read: If only I had known this earlier...

This article was originally published on May 15, 2024.