Family health insurance query
We're a family of 5. I stay with my parents who're 66 and 61 yrs respectively and I have a wife and a 8 years old son.
I have a family health insurance cover from my employer (sum assured 5 lacs) and in 2016, my father took a separate cover from Oriental where the sum assured is only 2 lacs. I don't want to depend on both of them because of their inadequacies. Hence would be really thankful if someone can help me with following:
- Should i go for a family floater plan or buy individual policies for my mother and father? While my father is suffering from Parkinson, my mother is fine. She has recovered from Covid recently. Also my father is 66 years now, therefore do you think buying an individual health cover for him would be a big hassle?
- Also, when I complete the above step and buy health cover(s), should I discontinue my father's health insurance from Oriental because we pay around INR 10K every year? Next is payable in Feb 2022
- Lastly, what is your advise on Corona Kavach or Corona Rakshak? To address first point above, if I take a health cover without room rent limits and obviously I will take a cover more than 5 lacs, should i still take corona rakshak?