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New Delhi [India], May 20: Health insurance plans are tools for managing medical costs. It offers you coverage for unforeseen hospital bills as well as healthcare costs when you need it the most.

As health insurance premiums continue to increase, individuals with policies should consider utilising tax deductions provided by Section 80D of the Income Tax Act. This particular provision, ...

Besides section 80C instruments such as equity-linked saving schemes (ELSS), tax-saver fixed deposits and employees’ provident fund contribution, section 80D, too, is a highly popular avenue for ...

Union Finance Minister Nirmala Sitharaman is likely to present the maiden Budget of Modi 3.0 government on July 24. In this budget, the insurance sector as well as middle-class taxpayers are hoping to ...

If a single premium of Rs 30,000 is paid for a 2-year policy, then the taxpayer can avail a deduction u/s 80D of Rs 15,000/- per annum. Question: In case the premium for health insurance for more than ...

When you most need it, health insurance covers unanticipated medical expenses and hospital fees. Getting health insurance is one of the finest strategies to get through these kinds of financial ...

Having a health insurance policy provides a safety net for you and your family members. In addition to providing financial security, a health insurance policy can also help you save on taxes. To ...

Investing in medical insurance is not just about safeguarding your family’s health; it’s also a smart financial move. If you’re considering investing in health insurance for your family and want to ...

Section 80D of the Income Tax Act allows deductions on money spent as premium for health insurance policy and for healthcare of family members, including parents. The limit is dependent on age. The ...