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Gift Your Family the Perfect Health Insurance this Friendship Day

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Published on August 6, 2021. EST READ TIME: 3 minutes



When the going gets tough, your family acts as your biggest pillar of support, right? Family members are the best friends you can have when you are looking for emotional bonding, strength and guidance. So, why not do your bit to keep your loved ones safe and secure at all times? Apart from looking after their day-to-day wellbeing, you should take family health insurance and keep them financially covered against unforeseen events. In case of a medical emergency, you and your family can use the health plan and avail decent treatment without worrying about money. Hence, this Friendship Day, show your love for your best friend – your family, by availing a family insurance plan.

Reasons why your family is your best friend

Here are some reasons why your family is your best friend:

• Constant support: Your family supports you in every way possible, whether you are feeling down, need money or are facing some problem at work.
• Emotional security: They also provide emotional and psychological security through their warmth and love, especially when you are going through tough times. They help you feel loved and protected.
• Loyalty: Friends may come and go but close family members are there for you always.
• Non-judgemental and understanding: They know and understand you the best. They know about your different moods, fears, interests and almost everything. You can be yourself around family members, without the fear of being judged for anything you say or do.
• Reliability: Your family is your most reliable source of support. No matter what the situation, you can rely on your family members as their love is unconditional.

Benefits of taking a family health insurance plan

A family health insurance plan is a special plan that provides coverage to the entire family. Depending on the sum insured, you need to pay one premium for all members covered under the policy. Family insurance plans are especially ideal for big families as you can cover any member under this, irrespective of their age and gender. Here’s a look at the benefits of family health insurance:

1. Affordable premium: Taking separate health plans for different family members can be tedious and expensive. If you take family health insurance, you can cover all family members under one plan at affordable annual premiums.

    

2. Timely medical attention: You can easily take one plan for the entire family and cover their medical needs. In case of medical emergencies, the insured family members can avail quality and timely treatment at network or non-network hospitals.

    

3. Add new family members easily: You can add new family members to an existing family health plan at the time of renewal. However, you will have to pay additional premium for the new members. Still, this is a better option as it saves you from maintaining separate policies for new members.

    

4. Cover children and parents under the same plan: You can cover your parents as well as children under one health plan. Some health plans allow you to cover your spouse’s parents as well.

    

5. Tax benefits: Under Section 80D of the Income Tax Act, 1961, you can save up to INR 1 lakh on health insurance premiums. Also, if you are paying premiums for your parents’ health plan, you can avail tax benefits of up to INR 30,000 every year.

    

6. Preventive health check-ups: You will be eligible for tax benefits of up to INR 5000 a year for preventive health check-ups.

    

7. Additional benefits: You can strengthen the coverage by adding critical illness cover and other important riders to your family health plan.

Conclusion:

To sum up, family insurance plans are the best options for those looking to cover all family members under one plan and avoiding unnecessary documentation. It is also economical when compared to individual health plans. What’s more, you can easily add new family members to an existing plan, such as your spouse or a new-born, without any hassle.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

 

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