Invest In Health This Festive Season: Gift Health Insurance To Your Family
The festive season, marked by lights, food, and gifts, is a time of joy and celebration. While we often exchange traditional gifts like clothes and jewellery, why not consider a gift that truly matters this year? Health insurance is an essential part of financial planning and can be as valuable as gold. Let’s explore why buying health insurance during this festive season is a wise decision.
Why Invest in Health Insurance This Festive Season?
Embrace New Beginnings
Festivals are synonymous with new beginnings. We often buy new homes, vehicles, gold, gadgets, and invest in financial products during this auspicious time. Why not extend this practice to investing in the health of your family?
Two-Step Approach to Health Investment
- Adopt a Healthy Lifestyle: The rise in viral infections and lifestyle diseases has made it crucial to take control of our health. The festive season, usually filled with unhealthy foods, can be a time to commit to healthier habits:
- Eat nutritious foods and avoid unhealthy ones.
- Exercise for 45 minutes to an hour, five times a week.
- Ensure 8-9 hours of sleep and maintain a work-life balance.
- Manage stress and pursue hobbies.
- Schedule annual preventive health checkups.
- Buy Health Insurance: Despite a healthy lifestyle, health issues can arise unexpectedly. A family health insurance plan can protect you from the high costs of hospitalization, especially during the festive season when accidents are more common.
Top Reasons to Buy Health Insurance This Festive Season
Rising Healthcare Costs
Healthcare expenses have increased significantly, outpacing general inflation. Hospitalization for surgeries can cost several lakhs of Rupees. Health insurance can protect you from these escalating costs.
Comprehensive Family Health Protection
Health insurance companies offer family floater plans that cover all family members under a single policy. If you’re in your mid-30s with parents in their mid-50s or older, consider two separate plans:
- One for you, your spouse, and children.
- One for your parents.
OPD Cover
Some health insurance plans include outpatient department (OPD) benefits, covering doctor consultations, diagnostic tests, and prescription medicines. OPD expenses can be frequent, making this a valuable addition to your health plan.
Regular Health Checkups
Many health insurance plans offer preventive health checkups every 1-4 years. Annual health checkups help monitor your health and that of your family, ensuring you stay on top of any potential issues.
Cashless Treatment
Health insurance plans often include cashless treatment at network hospitals. The insurance company settles the bill directly with the hospital, relieving you of the financial burden during emergencies.
No-Claim Bonus (NCB)
If you don’t make any claims during the year, many health insurance plans offer a no-claim bonus, enhancing your sum insured when you renew your policy.
Additional Covers
Apart from basic hospitalization coverage, health insurance plans can include personal accident cover and critical illness cover, providing comprehensive protection.
Tax Benefits
Premiums paid for health insurance qualify for deductions under Section 80D of the Income Tax Act. The maximum deduction is Rs. 25,000, or Rs. 50,000 if you or your spouse are senior citizens. An additional deduction is available for premiums paid for parents, up to Rs. 50,000 for senior citizen parents.
Gift Your Family Health This Festive Season
A comprehensive health insurance plan offers numerous benefits, including hospitalization coverage, OPD cover, annual health checkups, and more. You can also add personal accident and critical illness covers for a complete health insurance solution. If you need assistance in selecting the right plan, consult experts at Healthtail Health Insurance. They can help analyze your requirements and recommend a suitable plan. This festive season, give your family the invaluable gift of health insurance and ensure their well-being for years to come.