Buying a Health Insurance? Here’s All You Need to Know
Having health insurance in place is an essential requisite, especially for those prone to face health issues every now and then. Though the importance of health insurance is quite evident, the two primary reasons to subscribe to the product are:- You and your family members (whoever is covered as per the policy) are covered against medical expenses incurred at any point in their life. This helps you save a huge chunk of money which would have been otherwise used to pay those expensive bills if you haven’t had health insurance in place. Medical insurance allows you to claim a tax rebate for the amount paid in a year as premium towards the insurance. You Must Know - How to claim Health Insurance Plain? Tax benefits for health insurance subscribers. You can claim a tax-exemptions up to Rs. 75000 for the expenses incurred for a dependent disabled person in your family. These deductions are available under section 80D of the Indian Income Tax laws. Please check the terms & condit...