5 reasons to buy comprehensive health insurance for your “father”

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Dads are busy 24 hours a day and always take care of us, often putting their health on the back burner. This Father’s Day, give him a gift that will look after his health for the future and that offers peace of mind. Since medical bills are steadily rising, paying for health expenses could put a strain on their finances. That is why it is better to insure your father under comprehensive health insurance.

A comprehensive health insurance policy provides extensive coverage and acts as a financial pillow for medical emergencies. Unlike basic health insurance plans, a comprehensive policy covers outpatient and inpatient treatment, including consultations, medical tests, and hospital stays.

Here are 5 reasons why you should consider offering your father a comprehensive health insurance policy:

1. Provides umbrella cover

With age, you are susceptible to various diseases. A higher sum insured with a zero or minimum sub-limit for procedures, a zero co-pay will provide more protection. In addition, plans with shorter waiting times for pre-existing and listed illnesses / procedures optimize insurance benefits. Plans with a maximum cumulative bonus multiply the coverage. These plans also have features like home patient care, emergency medical evacuation, etc. to help you in an emergency.

2. The multi-risk policy offers you the possibility of recharging your insured capital

With age, you are susceptible to various diseases. If you use up the entire sum insured in a given year, then an all-risk insurance policy that benefits from “Reloading of insured sums” gives you the advantage of recharging your sum insured. For example, your father was hospitalized for the first time in a year, and he ends up making an insurance claim of Rs 2 lakh against his existing sum insured of Rs 2 lakh. Thus, if he is hospitalized again the same year and has to pay Rs 1 lakh as a health care bill, the insurer will top up his sum insured with Rs 2 lakh to pay Rs 1 lakh and future claims up to the sum guaranteed recharging.

3. Covers regular medical examinations

In order to avoid any medical emergency, prompt diagnosis is essential. Your father should get tested regularly so that health problems are detected as early as possible. This will help in better management of medical conditions and ailments that can prove to be fatal later on. A comprehensive health policy generally offers regular annual health checks. One can also get benefits like ambulance blanket, daycare surgeries blanket.

4. Covers day care and treatment taken abroad

Day care refers to treatments performed under general or local anesthesia in a hospital or day care center and last less than 24 hours. Treatments like dialysis, chemotherapy, angiography, radiotherapy, eye surgery, lithotripsy, etc. fall under day care and are covered by a comprehensive policy. The more proceedings covered by child custody proceedings, the better for the insured. There are policies that allow treatment abroad, especially for certain critical medical conditions listed. It is good to opt for such policies.

5. Provides cashless claim facility

Comprehensive policies offer cashless treatment facilities at their network hospitals, meaning your father won’t have the financial burden of paying for the hospitalization if you’re not there. The company itself will settle the claim. Insurers have a list of their network hospitals where they provide cashless facilities; your father will be able to seek treatment at any of these hospitals on a cashless basis.

The author, Dr Shreeraj Deshpande, is COO at Future Generali India Insurance. Opinions expressed are personal

First publication: STI

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