I need some advice on my health insurance setup. I live in a Tier-1/2 city, I am currently covered under my father's Reliance General Insurance (Group Health Insurance Policy), which he got from his company and continues post retirement.
Current Situation:
Structure: The policy covers my parents (₹2L each) and me & my sibling (₹1.5L each).
Cost: My parents' premium is covered by the company, but I need to pay ₹10,000 annually to keep myself and my sibling on the plan.
The catch obviously is that the sum insured is quiet thin for both me and my parents.
My Dilemma:
- Is it worth the ₹10k? Since it's a retirement group plan, it covers pre-existing diseases and has zero waiting periods from Day 1. However, ₹1.5 - 2L seems very low for 2026 medical costs.
- The "Base + Super Top-up" Suggestion: I was suggested to keep this Reliance plan as a "Base" and buy a separate Super Top-Up (₹15L-20L cover with a ₹1.5-2L deductible).
- The "New Plan" Option: Should I just keep the Reliance plan as a basic "backup" for my parents and buy a fresh Family Floater (₹10L or ₹15L) that covers all four of us? Something like HDFC Ergo or Care? I’m healthy now, but I’m worried about the 3-year waiting periods and losing the "Day 1" benefit of the corporate plan.
Really looking forward to ya'll suggestions.
u/Fit-Youth-5307 — 2 months ago