Tackling mediclaim: Combat medical inflation with a super top-up policy

Instead of enhancing the sum insured of your basic policy, a more cost-effective option is buying a super top-up policy

Shiv Kumar, 31, a Noida-based techie, had a medical insurance cover worth Rs 200,000 from his employer. A few months ago, he met with an accident and had to be hospitalised. The treatment cost him around Rs 200,000. Despite having a corporate mediclaim cover, Kumar had to pay Rs 100,000 from his own pocket.

Due to high medical inflation, corporate medical insurance often does not cover the entire expense in case of a major disease or accident. Hence, employees should buy additional cover on their own, apart from the one provided by their employer. Depending on your requirement, you may