Is there any tax benefit that one can avail of while purchasing Health Insurance?
Yes, there is a tax benefit available under Section 80D of the income tax act 1961. Every taxpayer can avail of an annual deduction of Rs. 15,000 from taxable income for the payment of Health Insurance premium for self and dependents. For senior citizens, this deduction is Rs. 20,000. Please note that you will have to show the proof for the payment of premium. (Section 80D benefit is different from the Rs 1, 00,000 exemptions under Section 80 C)
- How to file a claim?
- What if I have fractured my leg during rock climbing on my vacation and can’t travel economy class?
- What are the different coverage limits an insured can avail?
- What are some of the additional covers that I can avail along with IFFCO Tokio’s two wheeler insurance?
- What are the policy features?