Estimates a reasonable health insurance cover amount based on your city, family size, and the ages of the oldest members — since medical costs and risk both rise with age and city cost of living.
This starts with a base cover recommendation per person, adjusted upward for metro cities (where treatment costs are meaningfully higher) and for older family members (since medical costs and likelihood of major treatment both increase with age). It's a starting benchmark, not a precise underwriting calculation — actual adequate cover also depends on family medical history and specific health concerns.
A common guideline is at least ₹5-10 lakh per person in a metro city, and ₹3-5 lakh in smaller cities, adjusted upward for older family members and if you want to cover serious illnesses without depleting savings.
A family floater plan (shared cover across the family) is usually cheaper than individual policies for young, healthy families, but individual policies mean one member's large claim doesn't reduce the cover available to others in the same year.
Employer-provided health insurance usually has limited cover and stops the moment you leave the job — most financial planners recommend having your own separate health policy in addition to any employer cover, especially as you get older.