Should I buy health insurance for my parents separately or as part of family floater?

Asked 23 Mar 2026·5432 views

I am 32 years old and my parents are 58 and 62. I already have an individual health insurance of ₹5 lakhs through my employer. My parents have no health insurance. Should I add them to my company floater policy, buy a separate family floater for them, or buy individual senior citizen policies? What are the pros and cons of each approach? What coverage amount do I need for parents at their age?

Asked by Priya Sharma

2 Answers

Never add parents to a floater that covers you — it dilutes your coverage. Your ₹5 lakh individual cover should stay separate. Buy a separate floater of ₹15-20 lakhs for your parents (senior citizen policies typically cap at ₹10-25 lakhs). At 58 and 62, expect premiums of ₹20,000-35,000 per year for ₹10 lakh cover with a super top-up of ₹10 lakh on top of that. Look for policies with no room rent cap and 30-day waiting period waiver.

Answered by Priya Sharma · 24 Mar 2026

Check if your employer offers a top-up plan for family members at subsidized rates — many IT companies do. Also consider the pre-existing disease waiting period — most policies have 3-4 year waiting periods for pre-existing conditions. Buying when parents are relatively healthy is critical. If they have diabetes or hypertension, look specifically for plans that cover these from day one or with shorter waiting periods.

Answered by Rajesh Kumar · 27 Mar 2026