Ques: Hi, I am looking for health insurance policy for my family. My family consists of me, my wife, my daughter and my father. Should I buy a separate policy for my father? And, what should be my chosen sum insured?
It will be better if you opt for a family floater plan for yourself, your daughter and your wife. Some of the popular family floater plans include Star Health Comprehensive, Apollo Easy Health, Max Bupa Heartbeat. It is sensible to avail a senior citizen plan for your father and you can select from plans like Bajaj Allianz Silver Health, Star Health Red Carpet, and Apollo Munich Optima Senior. Initially you can choose a sum insured of Rs. 3-5 Lac for the family floater plan. You can increase the amount if required on renewals.