Quote Originally Posted by anotheritguy View Post
1. What is the health cover I should go for. Max Bupa provides 10, 20, 30, 50 and 100 Lac health cover with not a lot of difference in premium. 20 lac cover for 16k and 50 lac for about 22 k. Will I ever need more than 20 lac cover.
The Health Tool gave you the Family Floater Sum Assured of Rs 40,00,000/-.

You already have 5 Lacs, so go for anoth 35 lacs health insurance.

Same is also attached for more info.

2. Will the premium increase over a period of time and is it normal. What is the control I have over premium increase.
Yes, it based on age and inflation. You have no control.

3. For critical illness what is the key thing to look for. I want a high level of cover (10-20 lac) which covers most of the diseases. Even in this case Max Bupa comes to be closest. ICICI has a limit till age of 75.
The above tool is giving Rs 15 lacs cover for Critical Illness.

4. For Critical illness will I need to renew every year. Will I have any problems renewing and can the health provider refuse the critical illness cover sometime in future (Max Bupa for eg)
Yes, they can at any point. They even don't need to tell you either.

5. If I take both these covers, my outgo increases to about 27k extra/ year to a total of 70k a year which is a lot. Am I opting for too much insurance and I should look to cut it down?

Expert opinions are welcome. I am looking to take the decision in 1-2 weeks.
Do't increase in one go. Increase in a ladder based approach e.g. 5, 10, 15, 20 etc.