New Delhi, Sept. 30 -- Is bigger always better when it comes to health insurance? Not necessarily. Extremely high coverage can become unaffordable as you age, forcing some policyholders to drop their plan just when they need it most.

So what's a sensible cover? Shrehith Karkera, co-founder of Ditto Insurance, suggests Rs.10-15 lakh for most people, even though Ditto's claims data shows the average payout is only Rs.2.8 lakh.

"Say you incurred Rs.25 lakh of expense due to a terrible accident. You need extensive care, possibly even recurring. Health insurance is meant for such catastrophic and recurring events," Karkera explained at the Mint Money Festival while talking about some of the pain points of health insurance.

Karkera stressed ...