Group health insurance and Topup
It would be really helpful to get some guidance on the below situation:
My parents(60+) have canara bank
group health insurance(1Olac
each since 7yrs). With premiums
up by > than 100% (~14k to ~31k) thinking of
reducing the coverage to 5lac
& buy a top up for 10/15lac. Few quick questions:
1) ls there any cool down for topups i.e., 3yrs as our policy is already 7+policy?
2) Is it a good strategy?
3) Should I buy the topup from the same insurance provider (bajaj) or is it fine to buy it from any provider for eg. Tata health incurance topup? Would there be any operational issues while settling claims aming different providers or should i buy the topup from bajaj itself