Hello Himanshu,

Here is our take.

1. At this age, you must have adequate cover individually for each one of them - since upgrades in the future would be difficult.
2. Given healthcare inflation, yes - you must have at least 10 Lakhs cover for each of them.
3. Buy a floater plan with a cover that is a summation of the individual coverage you are buying - Do not reduce the cover below the summation. This way both of them will have adequate cover, at the same time there will be a larger pool in case of a major hospitalization anytime in the future. So yes - 20 Lakhs floater will be a reasonable cover for them.
4. Super Topup is a smart way to save premium costs - You can explore it for sure. If possible buy both the policies (the base and super topup) from the same insurer and within the same month.

Regards,

Team Beshak

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