I wanted to get your thoughts on the following:
1. Health Insurance for your parents (assuming they are 60+)
2. Term life options for myself (under 30)

I recently went through a medical family emergency and realised how important insurance is. Any suggestions will be appreciated.

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Get any Health insurance (HDFC life) as family floater and include your parents. The mandatory free/paid insurance you got from your employer can be used as a backup, i.e., you can use it and external you can use it for your parents. Keeping parents in both insurance is good idea.

For Term get MaxLife 1Cr or more, they have lot of options to select

*This is what I did

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Do check group policies offered by PSU banks where your parents might be holding bank accounts. You can get health policies at lower premium and for higher age(I guess upto 65) compared to traditional route. Another idea is to take this primary policy for 5L or so and then take 15-25L Super top-ups. These kick in only after the primary policy limit is exhausted. Thus you get coverage for higher amount with lower premium.

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