Birthdays, anniversaries, festivals etc are a few of the occasions when people search for various gifts items for their family members. One of the best ideas for a gift is to buy a medical insurance policy for the family. Everybody welcomes celebration time with a smile on his/her face. Gifts are a part of these celebrations. Every time, you want to gift something unique to your family. Let a medical insurance policy be your gift to your family this time so that all family members can enjoy life to a greater extent.
Medical insurance policy is an ideal vehicle that finances medical expenses of the insured and makes medical treatment accessible and affordable. These products give the insured a right to enjoy life without any financial anxiety in mind. If the insured falls sick or meets with a sudden mishap, besides the difficulties, he/she has to face financial problems associated with various types of medical care costs, which when summed up, results in a huge amount. Financial hardship is one of the main problems that a family has to face at the time of medical emergencies.
This gift idea of a medical insurance policy will keep all family members away from these issues and thus, will be helpful in seeking quality medical treatment from the hands of experts. A policy, once issued, offers coverage for the complete year and thereafter, it can be renewed to enjoy the coverage for an extended time period. Thus, it is the right gift for a family. Besides it, it also helps you in saving tax, under section 80 D of the Income Tax Act.
A person can buy a family insurance policy to offer coverage to all his/he dependents. These products offer coverage to the insured, spouse, dependent parents and dependent children. The number of people included under a policy may vary. Some plans offer coverage to 2 adults and 2 children, while there are some family medical plans that offer coverage to 2 adults and up to 4 children.
Hence, look into your family’s health needs and buy the one that is most suitable. There are many such products available in India. The recent survey conducted on the price and features of health insurance products showed that Apollo Munich’s Easy Health Standard plan is the best product. This product comes with best features and services. There is also lifelong renewal facility, so that one can enjoy health coverage all through life.