Health Insurance for Parents
I am having company group health insurance for parents for Rs 8 Lakhs from my office. I am moving from my current organization and we have an option to convert this group health insurance to individual health insurance. As this policy has been alive for last more than four years, there is no waiting period any existing health problems to cover. I will have to pay Rs 70,412 for this Rs 8 Lakhs coverage or Rs 56,617 for Rs 5 Lakhs coverage . The policy will be Floater Mediclaim from New India Assurance.
Is it good to proceed or do you suggest any alternatives? Please help.