Hello Mr. Lakhia,

1. You must look at a sum insured that is relevant for your old/retirement age - You are in your 50's so you should buy a policy that will be adequate cover when you are say 60/65. Find out the cover that is adequate today - then factor inflation of around 5-8% per annum to predict the cover relevant 10-15 years from now, for you and your wife. For instance, if you think that right now 5 Lakhs is an adequate cover today, you must apply inflation of say 5% compounded for the next 15 years. In this particular case, at 5% inflation, a Rs. 10 Lakhs cover can fight inflation in 15 years.
2. A single plan is always better, more convenient than a [Combo-with-Super-Topup] however, the savings in premium can outweigh the benefits of a single plan significantly; hence you must not shy away from exploring combos too. We wrote an article you must refer to before you pick a Super Topup as a combo: 6 Important tips to buy the best Super Top-up Health Insurance (beshak.org)
3. Your family medical history may be a concern, and you may experience a few companies declining your case. You need to take this back and forth with a pinch of salt - this is absolutely fine and is a part of the process to cover people with medical history. Be persistent, keep trying multiple companies - and you will find the right insurer.

Hope this helped.

Regards,

Team Beshak |