Health insurance sum insured: Review every 2-3 years to beat inflation

To strike a balance between the need for protection and affordability, combine base policy with super top-up

A growing number of Indians are opting for larger health insurance covers, reflecting a shift towards greater financial preparedness amid rising medical costs. According to data from Policybazaar, demand for higher sum-insured plans has risen sharply after the Goods and Services Tax (GST) exemption: 13 per cent of buyers on their platform purchased policies with a sum insured above ₹25 lakh, 45 per cent chose ₹15–25 lakh coverage, 24 per cent selected ₹10–15 lakh policies, and only 18 per cent opted for covers below ₹10 lakh.

 

Factors to consider 

The ideal sum insured depends on factors such as city, age,