Need help
Hi All
My parents are 65+ . I got a 5 lac comprehensive Star Health policy for parents 10 years ago. My parents have diabetes, prostate (dad), high blood pressure. We havnt claimed the policy yet so it has accumulating bonus as cover is around 10 lacs. I realize now that 5 lac is not enough. Hence trying to understand what options are available. I am trying to target a coverage of around 20-25 lacs.
- Option 1: Ask Star Health for increasing the Sum Insured during next renewal before my dad turns 70. I understand they have the option to say no.
- Option 2: Take top up policies. The only 2 I can find is Manipal Cigna and Care Enhance Supreme. Both are offering ~20 lac SI with 5 lac deductible for around 30K. However this will have the 3 year wait period for existing diseases.For both I cant find if there is a co-pay since my parents are above 60 yrs of age
Does anyone have recommendations of the way to proceed. Would really appreciate some guidance here