Why medical insurance makes an ideal gift in your father?


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As Father’s Day is here, select the apt gift in your hero. Consider something different from the traditional this time. What may very well be more worthwhile than a present of ‘security’, writes Shreeraj Deshpande, Head – Health Businesses, SBI General Insurance.

Fathers are sometimes unsung heroes in our lives. Because the day we’re born, they stand by as our constant pillar of support and encouragement. They work hard to supply us with the perfect life by way of education, work, life skills, or lessons. Even during difficult times, they often put up a brave front for us. This Father’s Day, why not express our gratitude with the perfect medical insurance plan for him?

The Covid-19 pandemic has reinforced the importance of taking care of one’s health. In times like these, it has develop into imperative that we pay closer attention to our health and the well-being of our family members. So, consider gifting your father a comprehensive medical insurance plan which is able to enable him to get the perfect medical care without having to fret about expenses.

Listed here are a number of explanation why it would just be the fitting gift for somebody who strives day-after-day to give you the perfect:

Rising Expenses
Although the world has witnessed innumerable medical advancements, it has also seen rising inflation with quality healthcare becoming increasingly expensive. A comprehensive medical insurance plan will help your father cover these expenses in order that he might be well-prepared for any unexpected health contingency. With this investment in place, he is not going to have to dig into his savings or retirement corpus to pay for mounting healthcare bills.

Also Read | Why early-stage startups and SMBs need Group Health Insurance

You could even decide to upgrade the prevailing medical insurance policy by choosing a top-up depending on the coverage you could need to go for. You too can determine to extend the full sum insured under the insurance policy on the time of annual renewal of the policy.

Pre and Post Hospitalisation Cover
Medical health insurance not only covers medical expenses for medical procedures themselves throughout the hospitalisation period but in addition expenses that you’ll have incurred within the run-up to hospitalisation. Many patients have to undergo multiple tests before getting admitted and may even have to go in for a number of tests for the doctor to determine the extent of progress after hospitalisation/discharge. Most medical insurance policies cover these expenses as well ensuring that your entire process is taken care of end to finish.

Payment Flexibility
Many medical insurance plans include a cashless payment facility (with certain terms and conditions) wherein the medical insurance provider makes the ultimate payment to the hospital, thereby saving the patient unnecessary hassles of filing claim expenses. As medical emergencies can strike suddenly, this stays probably the most convenient features of most medical insurance plans.

Regular Check-ups
Many medical problems surface with age. It’s mandatory to extend the frequency of medical check-ups as time passes to be certain that any health issues are detected sooner relatively than later. There are multiple plans which supply the advantage of covering health check-ups and it’s best to go for one such plan which provides this profit.

Travel with Ease
In case your father is a traveller, whether for work or recreation, it could be best to gift him a medical insurance plan which might cover him globally for any medical emergency. He can travel stress-free knowing that there will probably be no undue financial burden on him within the unlucky event of a medical emergency.

Alternative Treatments
Some insurance firms also cover the prices incurred for alternative treatments equivalent to AYUSH (Ayurveda, Unani, Siddha, and Homeopathy) and Naturopathy. In case your father may decide to go for any of those types, depending on the insurer, this may even be covered under the plan.

Also Read | Why medical insurance is as significant as critical illness cover

There are multiple forms of medical insurance plans available out there and before choosing one among them, one should research and compare advantages after which zero in on the proper one. Be certain you might be aware of the terms and conditions well enough before purchasing one.

A road to good health and security could be the perfect in your dad!

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