How should we approach insurance planning? Does getting more coverage always mean we're well protected?

Well, generally, coverage amount depends on the amount you actually need. What's important is whether you have enough protection for the main issues that generally costs a lot of money.

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Best is to have a 1-1 review

For me, i think getting more coverage and more everything covered would be better.. but then, you would have limited resources so may be good to have "just enough".

Consider areas you need protection and how much is needed if you meet with these condition.

Insurance planning is mainly dependent on your needs and priorities. One is to replace income loss, which is even more important when you have dependents. Another benefit of insurance is that it could help to cover your medical costs, cutting down on the amount you have to pay.

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You can take a look at this page to have a basic understanding of their different health insurance and what they cover. This article could also be helpful to you in knowing why health insurance is important.