Need advice on Medical Insurance Plan for Parents
I had taken my:health Suraksha - Silver Smart Family Floater Policy from HDFC for my parents in 2014 through PolicyBazaar. It was LnT Insurance at that time. The sum assured for it is 5L. It has an accumulated bonus of 2L. So a total of 7L coverage. I have a top-up of 5L on this policy. They are in a semi-metro. I need guidance on the following:
- Should I port it to some other plan in HDFC? Or, should I consider porting the policy to some other insurer?
- Should I increase the base policy sum insured to 10L or the highest that I can afford?
- Currently, it has a copay of 20% for metro cities. Shall I switch it to 0 (zero) copay?
- Is there any risk If I have not declared the existing comorbidities?