Today, even a small routine surgical procedure can easily cost up to Rs. 1 Lakh. A bypass surgery at any regular hospital costs around Rs. 5 Lakh today, and will certainly cost more in the next five years.

A sum insured that appears sufficient today may be inadequate to cover your healthcare expenses in the next few years. So, it is advised to factor in the inflation before deciding on the sum insured. Also, your parents if they are senior citizens will definitely need a higher sum insured and the premium too would be high as per their age.

Currently living in Mumbai and cost of hospitalisation is very expensive even for small treatments.