In such a situation, should you buy a standard health policy with a maximum sum insured of Rs10 lakh or add a top-up policy? Arogya Sanjeevani policy is a standard indemnity health insurance policy for individuals and families, which provides coverage with a sum insured ranging from Rs50,000 to Rs10 lakh for basic hospitalization-related expenses. Further, you must also know that when you opt for a top-up policy, it starts paying claims after a certain amount is paid by the policyholder. For instance, in a top-up policy if Rs5 lakh is deductible, the policy will start paying after Rs5 lakh up to the extent of the sum insured opted under a top-up plan. Therefore, in our view, it is not advisable to have a top-up policy with the Arogya Sanjeenavi policy.

Source: Mint May 06, 2021 09:22 UTC