Healthcare costs are rising significantly higher than the inflation rate. Healthcare costs could become one of the biggest financial risks for an individual. Health Insurance benefits are that it will cover hospital cash benefit, major surgical benefit, domiciliary treatment benefit and death benefit if provided in the policy. The premiums paid will qualify for an income-tax deduction under Section 80 D and help you save tax as well.

OVERVIEW

Health Insurance benefits are that it will cover hospital cash benefit, major surgical benefit, domiciliary treatment benefit, benefit at the end of the policy term and death benefit. The premiums paid will qualify for an income-tax deduction under Section 80 D. This means that individuals can claim a tax deduction of up to Rs 15,000 a year and senior citizens up to Rs 20,000 a year. For those who wish to insure or invest or plan for future or buying mediclaim or health conscious ones or tax saving it is a must.

OUR ADVICE

Medical insurance needs for self, Family and dependent parents need to be covered independant of company cover

Choose an appropriate policy that has a high cover ceasing age

Family floater polices are recommended as a cost effective solution