Raksha Bandhan is an important Hindu festival that celebrates the beautiful bond between brothers and sisters. On this day, the sister ties a sacred thread or rakhi around her brother’s wrist and prays for his well-being. In return, the brother gives her gifts and promises to protect her from every harm. Raksha Bandhan is around the corner, and if you are looking for a unique, useful, and perfect rakhi gift for your sister, health insurance is a good option. If you are wondering why, we will tell you in this article.
Why is Health Insurance the Best Gift for Rakhi?
The following are some reasons why health insurance is one of the best Raksha Bandhan gifts for your sister —
- Long-term security: A health plan ensures financial security during medical emergencies. Therefore, medical insurance is a thoughtful rakhi gift for your sister. This insurance product will help your sister cover her medical bills even in your absence. A comprehensive health plan covers hospital bills, pre- and post-hospitalisation expenses, road ambulance bills, AYUSH treatments, organ donor expenses, and more.
- Quality treatment: Health issues are increasing among people of all ages, and a medical procedure can burn a hole in the pocket. Staying covered under health insurance will help your sister opt for the finest treatment without worrying about the bills. This is one of the most important reasons to gift health insurance to your sister.
- Cashless treatment: Insurance companies allow policyholders to avail of cashless treatment at network hospitals. Hence, if there is a medical emergency, your sister can reach the nearest network hospital without worrying about paying the bills from her pocket. She can also choose a non-network hospital and file a reimbursement claim with the insurer.
- Home healthcare: In addition to the hospital bills, a health insurance policy covers home healthcare as well. So, in case the doctor advices home healthcare due to the non-availability of rooms in the hospital, the insurer will cover the bills.
- Daycare treatments: A health insurance policy also covers medical procedures that require less than 24 hours of hospitalisation. This benefit can come in handy for minor medical procedures.
- Complimentary health check-ups: Many health insurance companies offer complimentary health check-ups to policyholders. These preventive check-ups can help in the early diagnosis of a health condition and its timely treatment. Since health issues are increasing by the day, gifting health insurance with this inclusion can benefit your sister.
- Tax benefits: Under Section 80D of the Income Tax Act, 1961, taxpayers can claim an annual refund of INR 25,000 or INR 50,000 (senior citizens) on the premiums they have paid towards their health insurance policies. If your sister files her income tax returns, she can claim this refund and save taxes.
Conclusion
To sum up, if your sister is not covered under a health plan, give her the gift of good health, financial security, and peace of mind with a health insurance policy. Insurance companies in India offer several plans for individuals, women, and senior citizens. You can check and compare different plans online and buy a suitable one for your sister this Raksha Bandhan.