My father is over 70 years old and has a pre-existing heart condition. I have taken a health insurance of ₹4 lakh each for my father and mother (58 years) along with my corporate health cover.
Due to covid-19, I plan to increase this cover. Should I go for an individual cover or add to the corporate cover?—Name withheld on requestIf you can increase your parents’ coverage with your corporate health plan, that would be the best option.
Group plans usually do not have a waiting period for pre-existing ailments. So, coverage would be effective immediately. Check with your HR if they allow a change, mid-term.Specifically for covid, you can evaluate individual Corona Kavach policies.