Why health insurance makes a perfect gift for your father?

Shreeraj Deshpande

As Father’s Day is here, choose the apt gift for your hero. Think of something different from the conventional this time. What could be more valuable than a gift of ‘security’, writes Shreeraj Deshpande, Head – Health Businesses, SBI General Insurance.

Fathers are often unsung heroes in our lives. Since the day we are born, they stand by as our constant pillar of support and encouragement. They work hard to provide us with the best life in terms 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 best health insurance plan for him?

The Covid-19 pandemic has reinforced the importance of looking after one’s health. In times like these, it has become imperative that we pay closer attention to our health and the well-being of our loved ones. So, consider gifting your father a comprehensive health insurance plan which will enable him to get the best medical care without having to worry about expenses.

Here are a few reasons why it might just be the right gift for someone who strives every day to provide you with the best:

Rising Expenses
Although the world has witnessed innumerable medical advancements, it has also seen rising inflation with quality healthcare becoming increasingly expensive. A comprehensive health insurance plan will help your father cover these expenses so that he can be well-prepared for any unforeseen health contingency. With this investment in place, he will not need 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 may even choose to upgrade the existing health insurance policy by opting for a top-up depending on the coverage you may want to go for. You can also decide to increase the total sum insured under the insurance policy at the time of annual renewal of the policy.

Pre and Post Hospitalisation Cover
Health insurance not only covers medical expenses for medical procedures themselves during the hospitalisation period but also expenses that you may have incurred in the run-up to hospitalisation. Many patients need to undergo multiple tests before getting admitted and will also need to go in for a few tests for the doctor to ascertain the level of progress after hospitalisation/discharge. Most health insurance policies cover these expenses as well making sure that the entire process is taken care of end to end.

Payment Flexibility
Many health insurance plans come with a cashless payment facility (with certain terms and conditions) wherein the health insurance provider makes the final payment to the hospital, thereby saving the patient unnecessary hassles of filing claim expenses. As medical emergencies can strike without warning, this remains one of the most convenient features of most health insurance plans.

Regular Check-ups
Many medical problems surface with age. It is necessary to increase the frequency of medical check-ups as time passes to ensure that any health issues are detected sooner rather than later. There are multiple plans which offer the benefit of covering health check-ups and it is best to go for one such plan which provides this benefit.

Travel with Ease
If your father is a traveller, whether for work or recreation, it would be best to gift him a health insurance plan which can cover him globally for any medical emergency. He can travel stress-free knowing that there will be no undue financial burden on him in the unfortunate event of a medical emergency.

Alternative Treatments
Some insurance companies also cover the costs incurred for alternative treatments such as AYUSH (Ayurveda, Unani, Siddha, and Homeopathy) and Naturopathy. In case your father may choose to opt for any of these types, depending on the insurer, this will also be covered under the plan.

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

There are multiple types of health insurance plans available in the market and before opting for one of them, one should research and compare benefits and then zero in on the perfect one. Make sure you are aware of the terms and conditions well enough before purchasing one.

A road to good health and security would be the best for your dad!

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