Tax Benefits?The annual premium amount paid for a health insurance policy can be deducted from the total taxable income under Section 80D of the Income tax act, 1961. This deduction is independent of the deduction available under Section 80C. For individuals younger than 65 years, the 80D deduction available is Rs 15,000/- for self, spouse and dependent children. Another deduction of Rs 15,000/- is available for the premium paid for one's parents. This amount increases to Rs 20,000/- if the parent is a senior citizen.
It must be noted that the tax deduction is not available for cash payments. The premium payments has to be made either by cheque or credit card to qualify for 80D deduction.
Portability?Portability is a facility which allows health insurance policy holders to transfer their insurance coverage from one insurance company to another without losing any benefits that customers have accumulated with the first company.
As humans, we are vulnerable to falling sick or getting a disease due to our hectic and stressful lifestyle. Sometimes even a minor change in weather can cause sickness. Health care of late is very expensive and more than the disease itself, it is often the cost of treatment that takes its toll on our peace of mind. The solution to these health related expense worries lies in having a good Health Insurance Policy which covers medical expenses incurred during pre and post hospitalization stages.
e India Insurance is the best platform for you to compare various policies and the benefits offered by leading Insurance Companies in India and to buy the best suitable mediclaim policy online for your family and you.
So why wait? Compare and Buy a plan today and leave your health care worries to your Health Insurance policy..!!