Father's health insurance
My father is 73 years old and I took a health insurance for him from Religare (through policy bazaar) in Jan 2018.
I've been paying a premium of ~55k for a 5 lakh cover for the last 3 years and it is due for renewal soon. I was keen to get some inputs on whether this sounds reasonable to go ahead with or if I should explore any other insurance offerings? Or explore making this a floater with addnl amount for my dad & mom. My mother currently has a floater insurance with me for 4L combined from New India assurance and I have a 2L cover for family through my company
My father had diabetes as a pre existing condition but there has been no claims made over the last 3 years. Would be grateful to get any advice on how I can think about this.