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Raksha Bandhan 2022: A Promise of Protection Through Health Insurance

By Bajaj Markets - Aug 20,2021
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Each year, as Raksha Bandhan comes around, you’ll no doubt go looking for the perfect gift for your sister. And over the years, it’s quite likely that you may have already given her all the quintessential Rakhi gifts – like jewelry, chocolates, clothes, her favorite book, or even something personalized just for her. 

This year, though, perhaps it’s time to switch it up and do something different – something that will help secure her health and her finances. This Raksha Bandhan, why don’t you give your sister a promise of protection through health insurance?

So, how can health insurance be of a gift  for your sister? Let’s find out.

  • It helps secure her finances

Health insurance helps protect the finances of the policyholder. This kind of financial security may be easy to overlook when you’re young. But down the line, your sister will no doubt be glad about your thoughtful promise of protection. Here’s how a health insurance plan can benefit her financially.

  • It protects her savings

Although nobody really likes to think about it, there’s no denying that life can throw an unforeseen curveball our way, when we least expect it. A sudden illness is one such emergency that could affect anybody at any time. And these circumstances could lead to huge medical bills along with the stress of dealing with the illness itself. For an unprepared person, this may eat into their savings, meaning they may have to start building up their funds from scratch all over again. 

But with health insurance backing her solidly, she can rely on the insurance benefits to pay for any unexpected – or expected – medical bills. Insurers today offer cashless benefits, so you need not even worry about long-drawn reimbursement procedures after a medical procedure or treatment.

  • It helps manage inflated medical costs

Healthcare and medical costs have been on a rise for some time now, thanks to inflation. The recent pandemic has further increased these costs. All this means that the average household already spends a great deal on medical costs. 

Currently, healthcare expenses make up 5% of private consumption. Economists expect that this may rise up to 11% in the near future.[1] The bottom line is that medical expenses will only get steeper with the years. This includes consultation charges, the cost of medicines, ambulance costs, diagnostic expenses and more.

While this may be a cause of worry to most people, anyone with health insurance can sit back and relax. And that could include your sister too! Health insurance can help her beat the effect of medical inflation. So, if the need ever arises, she can access the best healthcare treatments without worrying about the bills, and without any compromises on the quality of medical care.

  • It helps protect her health

Health insurance offers more than just financial security. In many ways, it can also help protect the policyholder’s health. So, this Raksha Bandhan, your promise of protection will not just help your sister remain financially secure all her life, but will also help her stay healthy. Here’s how health insurance makes this possible.

  • It comes with wellness rewards

Health insurance these days has evolved beyond merely offering financial protection. New-age medical insurance plans offer policyholders wellness rewards too. They’re exactly what they sound like – they’re reward points that are given to policyholders who maintain their health and take care of their wellness. 

Additionally, some health plans also offer discounts on premiums to policyholders who pay attention to their health which can be beneficial during policy renewal. A health insurance plan with wellness rewards like these can motivate your sister to take care of her health and wellness over the years. 

  • Allied benefits help her keep track of her health

Reward points aren’t the only modern benefit that health insurance offers. Allied benefits like preventive health checkups and annual diagnostic tests encourage policyholders to monitor their health over the years. Other allied benefits generally offered include consultation with nutrition experts, discounts on some healthcare services, partnerships with leading healthcare providers and even free consultation with some medical professionals.

Benefits like these can help your sister keep an eye on her health. Regular health checkups can also help identify any illnesses early on, so medical professionals can intervene in a timely manner and take care of the issue. 

Summing up

So, you see how one health insurance plan can confer so many benefits to your sister? Now, that’s a promise of protection you can offer her this Raksha Bandhan.  Also, you can find the best health insurance plans on Finserv MARKETS. With benefits like customized insurance, extensive coverage and a hassle-free claim settlement process, these health insurance plans are sure to offer your sister lasting protection.


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Bajaj Finserv Direct Limited ("BFDL") is primarily engaged in distribution of financial products and services through its digital platform (“Bajaj Finserv MARKETS”) and inter alia renders services of customer acquisition, providing preliminary credit support activities, fulfilment services and post-acquisition customer services to Banks, NBFCs, HFCs. BFDL is also a registered Corporate Agent (Composite) under valid IRDAI registration number: CA0551 valid till 10-Apr-2024 for solicitation and servicing of Insurance Products. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522