Greater insurance cover or low premium: Strike a balance, say experts

It is advisable to buy a policy that offers more comprehensive coverage

After the first wave of Covid-19, Nitin Gupta (name changed on request), a resident of Mohali, decided to buy a policy for his parents, aged 75 and 71. “The biggest issue in this purchase is that if you want a higher sum insured for senior citizens, the premium becomes exorbitant,” says Gupta. Another factor which makes decision-making difficult is that different insurers offer varied features. “It is difficult to know which ones are crucial and which ones are cosmetic,” he adds.

Road map for buyers

Find out if the senior citizens have pre-existing diseases (PEDs). “If the condition is severe,