Personal Finance Five tips you should know while buying a health insurance plan Updated : July 20, 2018 10:07 PM IST Metro cities like Mumbai, Delhi etc. have high treatments costs hence anything less than Rs 15 lakhs for a family of 2 adults and 2 young kids would be insufficient in today’s day and age. It is a great decision to buy a personal health cover early in life as consumers can serve their waiting periods when they are still in the best of health and utilise the policy when it’s needed. Generally, insurance companies exclude pre-existing conditions for a certain period. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.