No gift in the world can compensate for the innumerable sacrifices a mother makes for her children. Their selfless love and dedication make them put their family’s needs ahead of their own. More often than not we observe that our Mothers end up ignoring their own health and planning a secured future for themselves.
So, this Mother’s Day we encourage you to go the extra mile and give them the gift of access to quality healthcare without them having to worry about what it would cost them – gift them a comprehensive health insurance.
Explained below are four major reasons why you should consider gifting a health insurance
• Changing Lifestyle
Most women on a daily basis have to multi-task and manage both - their household and work. This often leads to stress, lack of exercise and proper sleep, inability to manage a healthy diet and such, which puts them at a higher risk of developing lifestyle illnesses such as hypertension and diabetes. Having a Health Insurance policy helps in managing unforeseen medical expenses that one might be confronted with due to this.
• Growing Medical Costs
Over the past few years, medical inflation has been on a steep rise and cost of treatment & examinations have risen dramatically. In case one does not have a Health Insurance, these expenses have to be borne out of pocket which could drain one’s savings substantially. It’s therefore wise to opt for a comprehensive Health Insurance plan that apart from covering hospitalization expenses also covers OPD expenses.
• Tax Benefits
One of the major benefits of availing or gifting a health insurance policy is tax benefits.
Health insurance is a great tool for tax savings. Under Section 80-D of the Indian Income Tax Act, one can save on premium of up to Rs 50,000 when they insure their parents aged 60 and above and Rs 25,000 on insuring their parents below the age of 60 years.
• Additional Benefits
Host of benefits such as ambulance cover, no claim bonus, automatic recharge of Sum Insured, Annual health check-up etc. that come as part of one’s cover proves extremely helpful at the time of need.
Mothers are indeed great and of course the best gift anyone can receive. So, this Mothers’ Day, lets do our bit and gift her a health insurance policy and secure her life.
The author is the Head- Products and Business Process, Religare Health Insurance