I want to take a health insurance cover or a mediclaim for my family; Which includes Me; Wife; Daughter and Both my parents.
Could you suggest some important parameters for taking a decision on Health Insurance?
And would a Family Health Floater from GI be good enough i.e covers all family?
Or Should I split into Young and Senior Citizens category for the Plan?
Better you separate your family with your parents while buying health insurance. Refer my post regarding paramenters you need to consider while buying health insurance at “Best Health Insurance Company in India-Based on IRDA 2014-15 Incurred Ratio“.
Check features then choose with public sector or private sector.