An Always Timely Gift for Dad

Most parents, especially the elderly, are not covered under an adequate health insurance plan in our country. While fathers focus on securing their family, especially children with adequate health coverage, they miss thinking for themselves and remain uncovered.

Due to the Covid-19 pandemic, there is an increased awareness among individuals at large on the need of Health Insurance. A report by the General Insurance Council, highlights that health insurance showed a growth rate of 13.3% till March this year.

However, many of us do not understand the significance of getting health insurance timely. As age progresses, chances of an individual developing lifestyle or critical illnesses rises too; thus making Health Insurance a necessity.

While International Father’s Day falls on June 20th, the gift of good health in form of a comprehensive Health Insurance plan is an ideal, year-round way to express love and care for fathers.

Mr. Ajay Shah, Director & Head – Retail Sales, Care Health Insurance (Formerly Religare Health Insurance) said, “Anything that helps provide financial security and safeguards parents during unprecedented times is without doubt the most thoughtful gift for them. Health Insurance for these reasons becomes an obvious choice. Aside giving access to quality healthcare it protects one’s savings from eroding on hospital bills. While gifting a Health Insurance, one needs to keep in mind that the more popular Covid-19 based plans or similarly disease specific plans are very different from Comprehensive Health Insurance plans. A diseases specific plan only offers hospitalization coverage for that illness as against comprehensive pans that cover wide range of illnesses. Furthermore, these are very affordable and also come with EMI options.”

While choosing a comprehensive policy, people also should compare policies and assess various features of policies including coverage options, hospital network, claim settlement ratio, and riders before finalizing the health insurance as a gift for their father.  A range of new-age benefits can be seen in plans today. Comprehensive plans include benefits & optional add-on covers like Unlimited automatic recharge of the sum Insured, Annual health check-up for all insured members, Increase in sum insured up to 150 % in case of claim free years with No Claim Bonus (Super) and much more.