Ques: Hello, I am looking for a health cover for my family including myself and my parents. The plan should also cover my wife and children after my marriage. So I would also prefer this health plan to cover maternity. My preferred sum insured is around Rs. 3-4 Lac. Should I buy a family cover for me and my mom and a separate senior health plan for my father who is 61 now? Will this help me in bringing down the premium?
Dear, if you want to take a family floater health plan for your whole family the premium will be determined by the age of the eldest member included in the plan. Since you father is a senior citizen the premium will be high. So, you should buy him a separate senior citizen plan. You can select from the Varishta scheme from National Insurance, Easy Health plan from Apollo Munich or Heartbeat plan on offer by Max Bupa. However, you need to assess the terms and conditions regarding claim-loading and co-pay. For health plans with maternity cover, you can pick health insurance plans like Exclusive and Premium versions of Apollo Munich Easy Health or Wedding Gift plan by Star Health.