Gifting your Child Health Insurance is one of the Best Ways to Secure them Financially

Why Health Insurance is the Best Gift for 18th Birthday

Mr. Rajeev Makhija is a doting father who always pampers his daughter with expensive gifts. But, this year, as his daughter is turning 18, he wants to gift her something that she can cherish for a lifetime. Just like Mr. Rajeev is worried about his daughter, are you also thinking the same? Have you ever thought of giving financial security to your child? One of the best gift for 18th birthday is a health insurance plan that promises to secure your child’s finances during a medical crisis.

Buying health insurance for children is one of the best ways to secure their future as it helps you in fulfilling financial goals for them. 

In this article, we will tell you why you must gift health insurance to your child for their future and overall well-being. 

• Financial Planning: An adequate health cover ensures that you get coverage for medical expenses during emergencies. It is one of the essential parts of financial planning. With the help of medical insurance, you can plan for medical emergencies of the future and can save your money. Turning 18 is not less than a milestone for a child. So, if you are looking for gift ideas for 18th birthday, then health insurance is an ideal gift option they can treasure for lifetime. 
• Coverage and other benefits: Investing in a health cover is the value for money. The policy that offers the maximum coverage against hospitalisation is the most suitable for your healthcare needs. The policy documents have information about the inclusions and exclusions of health policy. Therefore, it is said to understand the inclusions and exclusions carefully. 
  The main objective of buying a health cover is to ensure that your loved ones get quality treatment when they need it the most. Make sure to look at whether your health cover includes various benefits such as annual health check-up, in-patient hospitalisation cover, and other benefits. 
• Cashless Treatment: This is one of the significant benefits offered by a health policy that can be availed by an insured at a network hospital. You must check the list of network hospitals that are partnered with the health insurance company.
• Tax Benefits: Apart from securing you from medical emergencies, having health insurance can save your hard-earned money. It allows you to avail of tax benefits for the premium paid under Section 80D of the Income Tax Act, 1961. For this reason, investing in a good health insurance policy comes with a dual benefit.

Choose the Right Health Cover

Every parent works hard to fulfil their children’s dreams. There are some financial goals that you have set for your children, and you look forward to achieving them. With the help of health insurance, your child can achieve his or her goals in a planned way. 

The health insurance market in India has a plethora of options. Thus, it is essential to make a sound decision about the health cover you choose. Securing your child’s future is the best way to show your love. Gifting your child medical insurance can be of great value. If you are looking for health insurance for children, you can opt for any health policy from Care Health Insurance. The company has designed various comprehensive health covers as per your needs.

Disclaimer: Plan features, benefits, coverage, and underwriting of claims are subject to policy terms and conditions. Please refer to the brochure, sales prospectus, and policy documents carefully.