Go for recharge feature, supplement base policy with a super top-up

Future Generali India Insurance has launched 'Health Unlimited', an insurance plan that offers unlimited coverage once in a lifetime.

- HIMALI PATEL

Future Generali India Insurance has launched 'Health Unlimited', an insurance plan that offers unlimited coverage once in a lifetime. ICICI Lombard had earlier introduced a similar offering—Elevate (with the Infinite Care add-on). While this benefit is significant, policyholders should ensure their plan includes additional features that can help them cope with steep medical inflation.

Families living in metro cities should opt for a higher sum insured. "Health care costs in India are rising sharply, driven by an annual medical inflation rate of 14 per cent. Moreover, the cost of advanced treatments is also high and increasing," says Priya Deshmukh, head—health products, operations and services, ICICI Lombard.

Nikhil Kamdar, appointed actuary, Digit Insurance, highlights the financial strain critical illnesses can cause.

A three-member family should consider a floater policy with at least ₹15 lakh sum insured, going up to ₹35 lakh based on affordability. Siddharth Singhal, head—health insurance, Policybazaar, recommends a base plan of ₹10 lakh combined with a super top-up of ₹90 lakh.