good time to get a family health insurance?
i am 23 M, living in Mumbai
we have a family of 4 (my parents, my younger brother and me)
my dad has a family floater health insurance from Care Health for the past several years and we are happy with the product, however, there is one downside to it that after the age of 62 (for the eldest member; dad is 50 currently) the policy turns into a Co-Pay Product
the four of us are covered under this policy
my question is - is this a good time to get a new family policy in my (23M) name so I can lock in the premium cost and have a good product by the time dad turns 62 which is in the next 12 years.
disc- we will be continuing with dads policy until I am married (after which we will get another policy in my younger brothers name, too, so my parents are covered dually and we have more leeway for their medicals costs if any!)
this extra policy is just to safeguard and get a plan early on because we have disposable income.
please tell me your thoughts
thank you for your time, you guys are a boon to the fraternity!