Health Insurance premiums also qualify for tax deductions up to Rs 25,000 (Rs 50,000 if you are aged 60 years and above, additional Rs 25,000 if you are paying health insurance premium for your parents below 60 years, and additional Rs 50,000 if you are paying the premium for parents who are senior citizens) under Section 80D of the Income Tax Act. before deciding on which health insurance plan to settle for.ĭepending upon the plan, it would cover the costs of treating multiple grave ailments, which would effectively mean less strain on the family’s personal savings. Of course, there are key factors to consider like age, past and present health, lifestyle choices, current and future healthcare requirements etc. For a nominal premium amount, you can get a substantial sum insured that takes care of the medical expenses of all insured members. Meeting the cumulative expenses related to daycare procedures, OPD costs, in-patient hospitalization, diagnostics, medicines, consultations etc. Accidents can happen anytime, and grave ailments are on the rise among women. Health Insurance is the financial safety net you provide for your family members and yourself against rising medical costs. Long-term Health Insurance: One-stop solution to reduce the burden of yearly renewal Health Insurance: Your wellness promise Furthermore, premiums paid towards life insurance are eligible for tax benefits up to Rs 1.5 lakh under Section 80C of the Income Tax Act of 1961, which means women can save that money and invest it further. Life insurance in India is relatively cheaper for women than men as their life expectancy is higher. Even in the case of women who do not have the alpha responsibility of providing for the household, buying a unit-linked insurance plan will mean a good rate of return on the premiums invested. With a life insurance investment, at least the void of regular income can be filled to a great extent, particularly if the woman is the primary breadwinner of the family. The bereaving family would be struggling to come to terms with the loss of a loved one. The other is whole life plans (like ULIP, Endowment etc.), which is a smart way of multiplying your money in your youth and enjoying the benefits during old age, or leaving behind a corpus for your child’s education, marriage or any other familial financial commitments upon your passing. One is pure term plans that award death benefits to the beneficiary in the event of your unfortunate demise. There are a couple of categories in life insurance to consider. Life Insurance is like a promise you make to your family that their financial needs will be taken care of even when you are no more, or that you will have sufficient capital to help you tide through retirement and old age unaidedly. Medi Assist signs definitive agreement to acquire Medvantage Insurance TPA Life Insurance: Your debt-free legacy
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |