Sum Insured / Top-Up / Super Top-Up
A plain-English definition from the DeployIT insurance technology glossary.
In short: The coverage limit of a health policy; top-ups add coverage above a deductible, super top-ups above aggregate annual claims.
Related terms
- GMC (Group Mediclaim)
- Employer-sponsored group health insurance covering employees (and often dependents) under one master policy.
- Portability
- The IRDAI-enabled right to switch health insurers while carrying forward waiting-period credits.
See this concept working in software
DeployIT puts quoting, issuance, renewals, claims and commissions on one platform built for Indian insurance distribution.