Preventive care is medical care rendered not for a selected criticism but for prevention and early-detection of ailments. Health insurance policy entitle you to obtain tax benefits beneath section 80D of the Income Tax Act, 1961. The premium you pay in the direction of health insurance plans for your self or your loved ones members, get you a tax rebate, regardless of whether they are depending on you or not. The tax deduction offered, with respect to the premium, is subjected to the age of the insured and the maximum tax deduction restrict that’s available. You can save up to a most of Rs. 25, 000 in a financial year if you’re below the age of 60 years. If your age is above 60 years, then this cap of maximum tax benefit will increase to Rs. 50,000. This function of a health insurance policy takes care of expenses incurred on both pre and post-hospitalisation.
In a nutshell, buying a mediclaim policy means having a security jacket so as to be ready to face any medical related expenses which will come up in future. Let’s perceive in detail the reason you have to have specific health insurance plan. Health Insurance is …Continue reading