Father’s Day: Health Insurance—A Timeless Gift to Secure His Future Financially

Today, and every other day, we are reminded of the immeasurable love, guidance, and support fathers provide throughout our lives. This Father’s Day, let us consider a gift that not only expresses our gratitude but also safeguards our dad's well-being and secures his future financially. Health insurance, often overlooked as a gift idea, can be a perfect and unique way to demonstrate our love and concern for our fathers. Here are the top reasons why health insurance is an invaluable present for our dads on Father's Day.

Ensuring Access to Quality Healthcare: Our fathers have always prioritized our well-being, and it is our turn to reciprocate. By gifting comprehensive health insurance, we provide them with lifetime access to quality healthcare services. Health insurance policies cover a wide range of medical expenses, including hospitalization, medication, diagnostic tests, and preventive care. With comprehensive coverage, our fathers can receive the necessary medical attention without financial strain.

Financial Security and Peace of Mind: Health emergencies can be emotionally and financially draining for our loved ones. Health insurance acts as a protective shield, providing financial security and peace of mind. By bearing the burden of medical expenses, health insurance ensures that our fathers are not overwhelmed by unexpected costs. It allows them to focus on their health and recovery rather than worrying about bills and expenses.

Long-Term Planning and Future Preparedness: Father's Day is an opportune time to reflect on the future and take steps to secure it. Health insurance is a vital component of long-term planning. It safeguards our fathers against the rising costs of medical treatments, hospitalizations, and surgeries. By investing in health insurance, we ensure that our dads are prepared for any health-related eventuality, giving them the confidence to face the future head-on.

Access to a Wide Network of Healthcare Providers: Health insurance plans come with an extensive network of healthcare providers, ensuring that our fathers have options when it comes to choosing medical professionals and hospitals. This network encompasses reputed doctors, specialists, and healthcare facilities. At ManipalCigna, we have built an extensive network and robust ecosystem, both Hospital and Clinic based networks spread across cities. This leads to timely care, enabling the early detection and management of health conditions. Regular check-ups, vaccinations, and preventive screenings become more accessible, promoting a proactive approach to healthcare. With access to a wide range of providers, our fathers can make informed decisions about their healthcare and receive the best possible treatment.

Wellness and Preventive Care: Health insurance is not limited to covering medical emergencies; it also emphasizes preventive care. Many policies offer wellness programs, regular health check-ups, and vaccinations to keep our fathers healthy and proactive in maintaining their well-being. Cashless OPD health covers typically take care of most expenses related to doctor's consultations, pharmacy expenses, and diagnostics. By covering expenses related to preventive care and follow-up consultations, it encourages individuals to seek medical attention promptly, leading to early intervention and better health outcomes. By encouraging preventive measures, health insurance contributes to a healthier and happier life for our dads.

Flexibility and Customization: One of the significant advantages of health insurance is its flexibility. Health Insurance plans can be tailored to suit our fathers' specific needs and requirements. Since older adults require health insurance tailored to their needs, a senior-focused plan like ManipalCigna Prime Senior ticks the right boxes. From comprehensive coverage to specific disease-focused policies, from waiting period reduction to co-payment modification, from room upgrade option to Health 360 rider for Out-of-pocket expenses, options are available to cater to individual health concerns. This customization allows us to select a plan that aligns perfectly with our dad's health profile and provides the necessary coverage.

Value for Money: Investing in health insurance is a prudent financial decision. The premiums paid towards health insurance policies are a small price to pay compared to the potentially exorbitant medical expenses that can arise. Under Section 80D, individuals can also claim an additional deduction of up to Rs. 25,000 for the premium paid towards parents' health insurance. If the parents are senior citizens aged 60 and above, the deduction limit increases to Rs. 50,000. Thus, Health insurance ensures that our fathers receive the necessary care without depleting their savings or compromising their lifestyle. It offers tremendous value for money by mitigating the financial risks associated with healthcare.

This Father's Day, let us break away from traditional gift ideas and offer our dads something precious and meaningful – health insurance. By gifting health insurance, we not only express our love and gratitude but also secure their future financially. It is a gift that transcends material possessions and demonstrates our unwavering commitment to their health, well-being and peace of mind.

The author is the MD & CEO of ManipalCigna Health Insurance.