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 & conditions in advance before filing the rebate.
A policyholder is eligible for a tax exemption up to Rs. 25000 annually on the premium paid towards the health insurance. This limit increases to Rs. 30000 if you and your spouse are aged 60 years or above. This deduction is also available under section 80D. Lastly,

Bottom line: There are multiple provisions under section 80D. Read them before filing a claim. Also, choose the right insurance policy based on your needs. Do some research and find out the best options available. Take professional help if required.

Read more related this Topic: Tips to Save Money on Health Insurance

Comments

Quick Guide For Zero Depreciation In Car Insurance

Some parts of your car face wear-and-tear faster than the others and these parts are often referred to as depreciated parts. Once you file for an insurance claim, the insurance company deducts a value equal to the depreciated value of all such parts and does not settle your claim in full. The parts that are made up of rubber, plastic, fiber, etc. fall in this category. If you want to avoid this deduction from the final claim amount, you can avail of a zero depreciation car insurance cover. It is also known as nil depreciation cover as it nullifies the deduction from the claim amount due to the deprecated components of your vehicle. The benefits of a zero depreciation car insurance policy are stated below: Comes at a reasonable price If you have already purchased a comprehensive car insurance policy, you can avail of a zero depreciation car insurance cover at a nominal price. It is because it is an add-on insurance policy that only enhances your claim amount to reduce the part of the

Necessary Information On Hospital Cash Insurance Plan

Medical treatments these days are a matter of the huge amount of money. And if you need quality treatment facility from the super-specialty hospitals and clinics you need a medical insurance plan for you and your family. If you are planning for the medical insurance plan with hospital cash cover , then be sure to consult with the best insurance plan provider. Let us discuss in details. Financial companies such as reputed NBFC Bajaj Finserv and other insurance companies have their own health insurance policies that range from smaller amounts of bigger amounts. All these medical policies fall under the pocket insurance policy scheme. It gives clients the facility to get benefits with minimum investments. The procedure is quick and does not require lengthy documentation. You can get a higher amount of money with such hospital cash insurance to continue medical treatments even for critical patients. Just make sure you read the policy details clearly before you in

Stay Protected on the Road- Understanding the Importance of acko car insurance

Having a car insurance policy is essential for every car owner. It not only provides financial protection in case of any damage or loss but also ensures a safer driving experience. Acko is one of the leading car insurance providers in India, offering a wide range of insurance plans to suit the needs of all car owners. In this article, we will be discussing the importance of Acko car insurance in India and how it helps to stay protected on the road. We will also look at the various benefits and features of Acko car insurance policies that make them an ideal choice for car owners. Understanding the Importance of Acko new car insurance in India As the number of vehicles on Indian roads increases, so does the number of accidents and other related incidents. Traffic jams, road rage, and bad driving habits are some of the major causes of accidents. It is important for drivers to stay safe on the road, and to do so, they must have a car insurance policy. Acko new car insurance is one of

All Insurance News and Plans

Search This Blog