What are the tax benefits I get if I opt for Family Health Insurance Policy?
According to Section 80D of the Income Tax Act, you can enjoy the following tax benefits on your family health insurance policy.
● If no one in your family is aged above 60 years, you can enjoy tax deductions up to Rs. 25,000 on your taxable income.
● If one of your parents is above 60 years of age, you can get avail combined tax deductions of up to Rs. 50,000 on your taxable income.
To know more, visit the IFFCO Tokio website or talk to one of our experts at our nearest branch today!