Manipal Cigna Health Insurance Company Limited, announced the launch of ‘Manipal Cigna Super Top Up’ health insurance plan, recently. The product is specially designed to suit an individual’s and a family’s additional healthcare needs especially in times when medical expenses are getting beyond everyone’s reach. Keeping in mind the growing high medical inflation rate; the company has introduced a unique solution for people looking to ‘top up’ their existing individual plan or a mediclaim from the employer at a nominal cost.
Manipal Cigna’s ‘Super Top Up’ plan comes with varied sum insured and deductible options to choose from. Moreover, to help customers manage insurance expenses, the plan also provides a family discount of 10% for covering 2 and more family members under the same individual policy.There’s also long-term discount of7.5% and 10% on a 2-year and 3-year policy tenure respectively. There is an additional Online Renewal Discount of 3% p.a.from first renewal onwards, if the premium is received through NACH or Standing Instruction (where payment is made either by direct debit of bank account or credit card).
This plan from ManipalCigna also offers a smart option of guaranteed continuity on deductible benefit for person aged below 55 years at inception of the policy. If selected, from 5th policy year onwards, the insured will have a choice to opt for a separate base policy (available with ManipalCigna), with guaranteed continuity on waiting periods. No fresh risk assessment shall be done for Sum Insured up to the deductible amount opted under ManipalCigna Super Top Up. Coverage under existing Top Up policy will continue subject to renewal.
The increase in additional coverage through a regular health insurance plan (say Sum Insured of Rs. 10 lacs for healthy male aged 45 years residing in Mumbai) ranges from Rs.12,000 to Rs.15,000 (including taxes) for a policy tenure of 1 year, whereas ManipalCigna Super Top Up plan provides an opportunity to triple (existing 5 lacs and additional 10 lacs as sum insured) your coverage where a cover of Rs.10 lacs with a deductible of Rs. 5 lacs for a premium of Rs.1,640 (including taxes) is offered to the same individual.