Rajdeep is contemplating the best health insurance approach for his family, which includes his elderly parents. A family floater health insurance policy allows coverage for multiple family members under one sum insured, typically at a lower cost than separate policies. However, premiums are calculated based on the age of the eldest member, making it less advisable to include elderly parents due to their higher health risks and potential for increased hospitalizations. Siddharth Singhal, Business Head of Health Insurance at Policybazaar.com, emphasizes that adding elderly parents can inflate the premiums for the entire family and may lead to reduced coverage for other members. Moreover, all family members would face waiting periods and limits on pre-existing conditions. Therefore, experts suggest that purchasing a separate health insurance policy for elderly parents is a more financially sound decision, ensuring better coverage without compromising the family's overall health insurance benefits.