Corporate(portable)Health Insurance or Personal Insurance
I was looking for health insurance for my parents.But the one related to my father is a bit confusing.
He has below conditions -(from last 15-20 yrs)
Diabetes (High sugar)
Lung infection (minor)
Had 3-4 hand surgery (accidental)
and 1 Minor heart attack (15 yrs ago)
Now the premium for 5 lacs SI for above conditions is high (between 40 -50k ,Father's age - 63).To add to it the waiting period of 3-4 yrs(that can be reduced with a buyback policy which again costs).I have taken a Corporate policy which covers PED and costs less 25k for a 10Lakh policy and 14k for a 5 lakh policy (No NCB,5% copay, No waiting period,Disease sublimits applicable etc)
Now the catch here is that even if I leave the organisation, they provide the option for converting a corporate policy to personal . The premium will increase once I convert it to personal.(don't know but I expect it will increase 1.5 times)
So please suggest what is best option in this case....
Buying a personal one or converting corp to personal .