At an affordable price for you
Father’s day celebration is around the corner, and you must be wondering what to gift your dad this year. You cannot take him out for dinner, shopping, or a movie because of coronavirus lockdown. But, how about to gift him something which you can get while sitting at home? Talking about a comprehensive health insurance policy, that you can buy online and it gives him lifetime happiness.
Under the best health insurance policy, all the medical expenses up to the sum insured will be covered during a medical emergency. Your father will also get some other benefits like annual health check-up, daily allowance, ambulance cover, etc.
So, let’s check how it is helpful to him:
A cashless treatment facility is a seamless benefit your father can avail of under medical policy. During a medical emergency, he can admit to any of the network hospitals located near to your residence. No cumbersome cash deposit formality is required to start his treatment.
The hospitalization and treatment expenses will be directly paid to the hospital up to the sum insured according to the policy terms and conditions.
There are specific ailments like diabetes, hypertension, kidney failure, cancer, etc. that require regular health management and treatment. Your father may need to spend a lot on medication, doctor’s visit, hospitalization, dialysis, and therapies.
In such a situation, an exclusive medical insurance policy is beneficial to him. It will be covered all his on-going treatment costs and reduces his financial burden. He does not require paying anything from his pocket and can keep his money for future purposes.
A health insurance plan can be a good source of investment for you and your father compare to other investment sources. The money that your father needs to spend on his health care can be saved after you invest in a health insurance plan for him. He can avail of the treatment in any of the network hospitals without using his hard-earned money and can keep it for other financial commitments.
Under Section 80D of the Income Tax Act 1961, a premium paid by you for self, dependent parents, spouse, and children, is exempted from tax. So, gifting health insurance to your father this time can help you to avail of tax benefits as well and able to save some more money. It also reduces your taxable liabilities.
With a health insurance cover, your father can go for the advanced treatment for critical illnesses or other life-threatening diseases without any financial implications even after retirement. His on-going treatment expenses will be covered under the medical insurance plan. His savings remain as is, and he can spend it to make his post-retirement life better. Thus, the right health insurance plan wipes all his worries and gives him a healthy and peaceful life.
>> Also read how to choose the right health insurance for your father
Your father is your supporting pillar who works hard in every tough situation to give you the best in your life. So, now as a gesture of thanks and gratitude, it’s your turn to gift him a healthy and secure life. Opt for Care- the best health insurance plan offered by Care Health Insurance at an affordable premium. It provides coverage against medical expenses and treatment costs. Additionally, you can enhance the coverage with the help of add-ons like no claim bonus, reduction in the waiting period for pre-existing disease, global coverage, international second opinion, etc.
Therefore, gift your father health insurance that ensures his healthy life forever.
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.
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