health insurance plan is a must-have in any individual’s financial plan particularly that of a parent as it acts as a safety net and provides financial protection to their offspring in the event of a hospitalisation.
In many cases, the father is the sole breadwinner (though this is changing with changing times), the need for an adequate health insurance cover gets amplified. "As a responsible father, one must purchase adequate health insurance cover depending on one’s life-stage/needs/risk-taking ability and paying ability," said Sanjay Datta, chief-Underwriting, Claims and Reinsurance, ICICI Lombard General Insurance.