L&T Insurance launches my health Medisure Super Top Up plan

Private insurer L&T Insurance today launched 'my:health Medisure Super Top Up' plan, which provides an option of buying top-up cover ranging between Rs 3 lakh and Rs 20 lakh over the existing policy.
"With a general upward trend in the cost of health care, it is imperative that higher cover is required at all levels of life expectancy. To fulfil this, we launched this plan.
"This product would also aim at much wider penetration as well as address the issue of under-insurance in the country," L&T Insurance CEO and Wholetime Director Joydeep Roy said in a release.
With premium remaining constant above 60 years, the increasing number of people who retire, too, would find the product very customer-friendly, he added.

The new scheme offers comprehensive coverage, which includes pre and post-hospitalisation expenses and day care procedures, without any sub limits for spouse, two dependent children and also parents and in-laws.
It is positioned at individuals and families seeking to protect themselves from the ever-increasing payouts on hospitalisation.

The Super Top Up policy is ideal for people working with corporate sector who already have health policy cover and also individuals holding independent health insurance policy.
Young people who do not have an underlying policy can pick up this insurance cover as it is very affordable along with parents who can insure their children from the age of 91 days to the age of 23 years.

Further, the premium for a Rs 25 lakh policy (Rs 20 lakh cover, 5 lakh deductible) for a customer is Rs 2,472 for an individual who is less than 35 yrs of age, Rs 2,719 for an individual in the age group between 36-45 yrs and Rs 4,079 for an individual in the age group between 45-60 yrs.
The insured has the flexibility of making the claim in one instance or through multiple instances during the year.
As compared to a Top Up policy wherein a single claim alone needs to be above the deductible amount, in this case multiple claims during the policy period can be clubbed to cross the deductible amount and trigger the claim.

The policy also offers tax benefits.
L&T General Insurance Company is a wholly-owned subsidiary of Larsen & Toubro Limited.