While everyone knows about Section 80D and tax benefits of health insurance, here are a few things you may not know.
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While everyone knows about Section 80D and tax benefits of health insurance, here are a few things you may not know.
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If you have a health cover, Section 80D is key to enjoying tax benefits on health insurance. Depending on the premium you pay everywhere, it can go up to Rs 1,00,00 depending on how many policies you have and for whom in your family.
So you think it's still not time to look for the right health insurance? Think again. You might be healthy and don't need a financial backup, but you will increase your financial risk and also miss out on substantial amount of tax benefits under Section 80D.
There are many exclusions in health insurance that you need to be aware of - like cosmetic surgery, dental, cesarean deliveries, etc. Read about all the exclusions in your health insurance policy so you can avoid your claim from being rejected.
Employers are clearly entitled to the tax benefits on group health insurance. But employees too can enjoy the benefit, provided they are paying the premiums themselves.
Access to affordable healthcare should be mandated by every government, and not just a tactic for celebrating Human Rights Day. Here, we talk about why health insurance should be a human right and how it is an essential in today's times.