Finance

Can general insurance be gifted?

Imagine if you could give someone the gift of protection. It would make for a thoughtful & meaningful present, no matter who the receiver is! Isn’t it surprising then, that gifting and general insurance are rarely ever used in the same sentence! Well, this article will attempt to change this by giving you 3 prime examples of how general insurance plans can be the perfect gift for your loved ones.

  1. Health insurance:

It might seem hard to believe but health insurance can be an amazingly thoughtful gift for your near and dear ones!  Think of it, during festivals like Diwali or Christmas, we wish our family members health and prosperity – an insurance help guarantee both these things! It will cover your loved one from the rising cost of healthcare and ensure illnesses do not wreak havoc on their savings. Not to mention, health insurance also has extremely tax benefits that help save a lot of money through deductions on your taxable income! Therefore, health insurance is truly a gift that keeps on going!

  1. Travel insurance:

We all have a loved one who is crazy about traveling. Every time they set off for their next destination, we wish them a safe journey and happy travels. However, there is no predicting what can go wrong on a trip. For instance, close to 25 million bags are misplaced by airlines every year. Besides lost baggage, other unfortunate events include lost passports, medical emergencies, cancelled trips, and so on. A travel insurance policy can protect your loved ones from all these exigencies and more. It’s a gift that says you’re always there for them, even if they thousands of kilometres away from you!

  1. Home insurance:

Any of your family members or loved ones buy a new home or get a new rental apartment? Well, you could show up for the housewarming party with a home insurance policy for their new dwelling. It will keep their home protected from unfortunate events such as theft, fire, storms, etc. You can also get a plan that will cover only the contents of their homes as well – which is perfect for renters – after all, it’s things you fill a house with that make it a home.

  1. Motor insurance:

If you are a dad looking to buy your son or daughter a new vehicle, it is mandatory you get a motor insurance policy as well. Sure, you could settle for basic third-party insurance but if you want to give them complete protection from the perils of the road, you can get them a comprehensive policy with the right add-ons as well. This ensures that their vehicle will always be protected.

 So as you can see, general insurance plans do make for the perfect gifts. If you’re not sure what to get the next time around, just go down the insurance route! The best part is that you don’t even have to worry about wrapping. We hope this article has been helpful for you, good luck and all the best!

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