Wondering About New Year Gifts for Your Family? Buy Health Insurance

New Year Gift For Your Family

It’s the last week of December.

The winter has set in.

We have taken out our cardigans, jackets, pullovers, socks, and blankets. We can feel like having the lazy morning and cosy evenings of the winter season.

The weather is indicating the end of 2019 and the arrival of 2020.

In fact, the fragrance of New Year has got mixed in the air. 

Have you chosen a gift for your family? Don’t you want to buy a new year gift for your loved one?

You have chosen the party venue, decided the menu, and the music melodies you would love to sway on, but not the gift.

Don’t be reluctant to a New Year Gift 2020 for your family.

Let’s choose something that can take care of their health your expenses.

Health insurance can be a solution for the New Year gift idea as it can care for your family health and tax saving?

Yes, when the healthcare costs are increasing consistently and chances of contracting diseases are higher, a health insurance plan can be an ideal new year gift idea in 2020. It does not just take care of your health, but also helps you share an emotional touch with your family save on tax!

Explore this article and understand why choosing health insurance can be the right New Year Gift for your family.

Health Insurance: A New Year Gift Idea for Family in 2020

A medical insurance policy can be one of the best gift ideas for your family.

This is because every member of your family would like to welcome the New Year celebration with a smile on their face. By buying health insurance,

• You can ensure an endless smile on their face and let them live a healthy lifestyle.
• You can enable them to enjoy a healthy and happy lifestyle throughout the year.
• In addition, the policy can express your affection and let the loved one realize how much you care for him/her.

A health insurance plan can meet your medical needs, keep you financially protected from exigencies throughout the year.

After all, health is wealth and it is the greatest asset of life. Protecting it from an unwanted medical emergency is should be your priority.

Why Is Medical Insurance Necessary for You and Your Family?

One of the key reasons for choosing health insurance as a New Year Gift 2020 is that:

• It provides medical expenses of the insured and makes medical treatment accessible and affordable.
• It gives the insured the right to enjoy life without any financial stress in mind.
• If you or an insured member of your family falls sick or meets a sudden accident or mishap, health insurance can finance medical expenses.
• It enables the insured to overcome financial hardship during medical emergencies.

In an absence of health insurance, you can encounter financial problems (apart from the difficulties), linked with different types of health care costs, which results in a huge amount.

Here are the major benefits of choosing health insurance as a New Year Gift for your family:

Coverage against medical expenses:

When you cover your family members under a health policy, you enable them to get the best medical care without any strain on finances.

• A health policy protects insured against high medical costs.
• It provides coverage for hospitalisation (pre and post hospitalisation), daycare treatment, domiciliary expenses
• It pays the costs of medicines/drugs, ambulance charges, nursing costs, room rent, charges of doctors, specialists, ICU and so on.
• Health insurance allows you to focus on speedy recovery rather than worrying about high medical costs.

The idea of medical insurance can keep all your family members away from health issues. It will help them avail quality medical treatment at world-class hospitals. In a sentence, health policy can protect your family health and let them live a healthier lifestyle. So, it is the right gift idea this New Year.

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Cashless claim benefit:

With a health insurance policy:

• You and your family can get the cashless claim facility
• You don’t need to spend anything on hospitalisation.
• The hospital bill is settled between your insurance company and the hospital.
• For cashless claim benefits, it is necessary to get admitted to any insurer’s network hospitals.

Coverage against critical illnesses:

Some insurance policies are specially designed to cover critical illnesses.

• You can choose either a standalone plan or a rider.
• These policies cover life-threatening diseases like kidney failure, cancer, bone marrow transplant, stroke, and loss of limbs, total blindness, etc.
• On diagnosis of the disease, you can receive a lump sum amount.
• This amount can be used to feed the needs of medical costs, everyday expenses, and any other monetary obligations.

Additional protection:

A health insurance policy is additional protection over and above your employer cover. Maybe your employer has provided a group insurance plan, but such policies are not customized to the needs of every individual. Besides, you can be left uninsured the moment you quit the job. A personal health insurance policy can serve as additional protection for you and your family.

Tax Benefits:

The gift idea of a health insurance plan can provide you with tax benefits. To be precise, premiums paid against health care policy stand for tax deductions under Section 80D of the Income Tax Act, 1961.

So, you can save tax by choosing health insurance.

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Conclusion

The New Year event brings more fun and excitement for families, friends, and beloved ones. Offering health insurance for the family not just keeps them ‘hale and hearty’ but they can also develop a deep respect for you.

Let us know what gift you are going to offer to your loved ones this new year!