Medical inflation in India has consistently run in double digits. A procedure that cost ₹3 lakh five years ago can easily cost ₹5–6 lakh in a good private hospital today.
A practical baseline for a young family in a tier-2 city is ₹10 lakh of floater cover; in a metro, ₹15–25 lakh. Rather than buying one very expensive policy, a base policy of ₹5–10 lakh combined with a super top-up gives high cover at a fraction of the cost.
Beyond the sum insured
The sum insured is only half the decision. These clauses decide your claim:
- No room rent capping — capping proportionately reduces the entire claim
- Short waiting period for pre-existing diseases
- No co-payment, especially for senior citizens
- Restoration of sum insured within the same policy year
- A strong cashless network near your home