Senior Citizen - Super Top Up Options
My parents aged(64F & 72M) are having insurance with new india assurance family floater plan for 10yr now for sum insured of 5 lakhs. With coverage looking small, I started evaluating and my research suggest that taking new plan to have extended cover will be more expensive and top-up is best way to go.
Request your guidance on what would be ideal options. HDFC-Ergo offered only for age upto 66 and premium for 20L top up is 9K per annum. They don't have more than 66.
Your views appreciated.