Need Health Insurance for Family (India)?

Hello Guys,

I am 23 years old & I have parents of age as following

Mom – 43 yrs
Dad – 60 yrs

I need health insurance for our family & I am not married yet.

My purpose for health insurance is to cover hospital expenses for my parents mostly with coverage of 2 lacs rupees.

I have no idea what I should opt in for.

I also want to know whatever premium I pay, is that wasted in case we haven not utilized it or we will get some of it back.

What will be more beneficial Life insurance or Health insurance