Sunday, May 19

Day: April 13, 2022

Taxation Facts about Health Insurance Policies You Should Know

Medical emergencies can arrive unannounced and strip you of years of savings and even put you under a loan if you don’t have a health insurance policy. In recent years, there has been a sharp increase in the costs of medical treatments and a health insurance plan has become a necessity.  Also, most of us live sedentary lives and have unhealthy eating habits that expose us to various lifestyle-related ailments. With a health insurance plan, you can be assured of the insurer taking care of the costs of medical treatment.  You can go online and compare health insurance plans to find the one that is best suited to your requirements. In fact, the Indian Government also offers tax benefits to people paying health insurance premiums under Section 80D of the Income Tax Act, 1961. In this...