Ditto Insurance Profile picture
Jan 28 9 tweets 2 min read
A guide to selecting a super top-up #insurance🍿👇

Thread. (1/n)
💡What if we told you that you could get an extra 90 lakh worth of health coverage with annual premiums as cheap as your Amazon prime subscription (₹ 1000)?
- Well, believe it or not, that's exactly what a top-up plan offers.

- The idea is simple- pay cheap premiums & walk away with massive coverage. "Well, what's the catch Ditto?"
- Here's the deal. The super top-up plan is cheaper because of this little thing called a 'deductible'.

- This is the insurer telling you "We'll pay you the claim only after a certain amount fondly called the ‘deductible’ has been pitched in by you (the insured)...
- You may use an existing insurance policy to reach that threshold or pay it yourself."

- In a nutshell, a super top-up is an excellent way to boost your existing insurance coverage without spending a boatload of money.
💡Points to keep in mind:

1.) Combine it with an existing policy: It's in your best interest to combine a super top-up plan with an existing policy- where your existing policy fills the gap till the deductible is crossed, & your top-up can handle the rest.
2.) Buy a super top-up from the same company as your existing policy: This will ensure that the claims process is smooth & cashless in the event that you're hospitalized.
3.) Buy a super top-up on the same date as your existing policy: It’s simple logic - you want both these covers to run parallelly so as to steer clear of any confusion.
👉Ditto is helping people buy the right super top-up policies for themselves and their loved ones.

👉Drop us a text on WhatsApp now for spam-free, unbiased insurance advice- joinditto.in/ask-ditto/?utm… (n/n)

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More from @joinditto

Jan 13
Looking to buy a health insurance plan that covers your whole family?

Here's how.👇 (1/n)
Getting yourself covered is prudent, but your family could use some insurance too, right?

That is where a ‘family floater’ plan comes in handy.
Think of this insurance policy as an umbrella cover for your entire family - you make single premium payments on behalf of the family and the sum assured can be used to cover for medical costs of any member.
Read 8 tweets
Dec 11, 2021
52 years ago, three astronauts decided to embark on the Apollo 11 mission- the 1st manned endeavor to land on the Moon.

But they were going without life #insurance since no insurer was willing to take the risk.

So they came up with a clever plan👇 (1/n)
Imagine being selected as the first human to set foot on the moon. But here’s the catch: you're going without life insurance.

So, if you die on the mission, your family will have to fend for themselves.

This was exactly the situation Apollo 11 astronauts found themselves in.
See, the risks were sky-high (literally). The rocket could combust, the landing could flop, and whatnot. In fact, during the Apollo 1 rehearsal, a capsule caught fire and the entire crew died.
Read 8 tweets
Dec 9, 2021
Which term insurance should you choose:

Regular term insurance vs term insurance with 'limited pay'?

Thread.👇 (1/n)
Generally, for a term plan, a longer cover means a lengthy duration of premium payments.

This could involve paying premiums even after retirement to keep your policy up and running.

👉Well, not if you have a limited premium plan.
💡This plan asks you to pay premiums for a limited term (could be 5 years, 10 years, etc), but your cover continues for a longer duration.
Read 9 tweets
Nov 25, 2021
Why should you buy health insurance at an early age?

A thread.👇(1/n)
#1 Better prices

Since the insurer is at a lower risk of getting claims, you can get a large cover at low premiums. But do note that these will increase with age.
#2 Comprehensive covers

Healthcare costs keep rising, so your company cover may fall short. Getting an individual cover early can provide you with adequate protection over and above your corporate plan. You’ll also be in a secure spot after retirement.
Read 9 tweets
Nov 24, 2021
44% of people from our recent poll believe that one should choose a term #insurance plan with '2 cr cover till 85' over '3 cr till 65', assuming they cost the same.

But that might not be such a smart move, financially speaking, and here's why. 👇 (1/n)
The thing is that a term insurance plan is most effective when your absence deals a financial blow to your family.
God forbid, if something unfortunate happens to you when you're in your 40s or 50s, your children might be young & your spouse may be unable to single-handedly bear the brunt of it all.
Read 8 tweets
Nov 21, 2021
What if your insurance company goes bankrupt?

Thread.👇(1/7)
You’re a diligent policyholder. You make timely premium payments. So, if the need arises, you’ll obviously expect your insurance company to meet your claims in full.

But, one question looms over you: will my claims be thrown under the bus if my insurer goes under? (2/7)
The answer’s no. Tell you why.

See, it’s not like someone decides to start an insurance company today, & it materializes tomorrow. There are strict regulations at play here.
(3/7)
Read 7 tweets

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