The point of view is limited third person. It is third person because the narrator uses words like he and she. It is limited because the narrator say what the physician was thinking. The narrator says "“If I could only deceive death for once,” thought the physician“.
The story takes place in a few locations. There is the highway where Death is introduced. The forest where the young man gets his gift. A castle when "the king became ill". Finally the cave filled with the candles. The period is most likely set around medieval times because of the king and using herbs as medicine.
A theme of the story is no one escapes from death. Death takes all people eventually. It does not matter if you are poor or rich as a king. Death even took his own godchild. Death even say “I am Death, who makes everyone equal” when he is first introduced.