In case of low cover provided as you are a junior, “Such low value policies can again be topped up with marginal covers to meet out of pocket expenses in case of hospitalization,” adds Jacob.

Experts say, that a top-up plan is always better instead of buying multiple health plans to increase the quantum. "Holding multiple health insurance policies can be taxing for an individual, especially at the time of claim settlement. If the first insurance company does not return the original documents and bills on time, you may be denied of the claim settlements from other companies because of the submission clause with a stipulated period of time," says Jain.

But these top-up plans have a disadvantage too. “The downside is when there are many claims in a year and all are below the base policy limit, the policy may not be useful,” says Mukund Seshadri, the Certified Financial Planner and Founder Partner of MS Ventures. “Despite this, these policies are worthwhile to buy, especially for people in higher age groups, where a normal medi-claim could be expensive”, he adds.