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What is the Common man expecting from the Budget 2022-2023 ?   Covid has changed the scenario, A common man is not only hated by the expenses of uncertainty but also by the double sword of GST and Income tax. Some basic support a common man seeking in the budget this year. ·           Separate deduction of Life Insurance Rs. 1 Lacs Under 80 C. ·          GST on the Life Insurance should be Less. ·          Deduction slabs of Health insurance should be increased. ·          No GST should be on Health Insurance. It would be a deep breath to the insurance industry and run for a further 2 to 3 years. As a result Insurance industry would get fresh business, the new customer as well high investments from the existing customer to complete the tax benefits of new slabs as mentioned above. Moreover, it is not the common man's seek but...

Does an INCOME TAX exemption IS MUST 2022-2023 बीमाकर्ता केंद्रीय बजट 2022-2023 में केंद्र सरकार से विभिन्न कर छूट की मांग कर रहे हैं ताकि भारतीयों को अधिक शुद्ध जोखिम वाले उत्पाद खरीदने के लिए प्रोत्साहित किया जा सके। Insurers are seeking various tax exemptions from the central government in the Union Budget 2022-2023 to encourage Indians to buy more net risk products. परंपरागत रूप से, कर छूट ने लोगों के लिए बीमा उत्पाद खरीदने के लिए उत्प्रेरक का काम किया है। लेकिन महामारी से जुड़ी अनिश्चितता को देखते हुए, बीमा उत्पादों, विशेष रूप से शुद्ध-जोखिम और गारंटीकृत आय उत्पादों की एक जैविक मांग है। Traditionally, tax exemptions have acted as a catalyst for people to buy insurance products. But given the uncertainty associated with the pandemic, there is an organic demand for insurance products, especially net-risk and guaranteed income products. हालांकि, बीमा उद्योग अभी भी चाहता है कि सरकार कर छूट जारी रखे ताकि पर्याप्त लोगों को बीमा कवरेज मिल सके। जब बीमा की बात आती है तो भारत एक बहुत ही कम ...

  WHAT IS NOT COVERED IN A HEALTH INSURANCE PLAN? Below mentioned medical expenses or situations are not covered in a health insurance plan: v   Unless there is an accidental emergency, claims arising during the initial 30 days of buying a health insurance plan are not covered. v   Coverage of pre-existing diseases is subject to a waiting period of 2 to 4 years v   Critical illnesses coverage usually comes with 90 days waiting period v   Injuries caused by war/terrorism/ nuclear activity v   Self-inflicted injuries or suicide attempts v   Terminal illnesses, AIDS, and other diseases of similar nature v   Cosmetic/plastic surgery, replacement of hormones surgery, etc. v   Dental or eye surgery expenses v   Bed rest/hospitalization and rehabilitation, common illnesses, etc. v   Treatment/diagnostic tests and post-care procedures v   Claims arising out of adventure sports injuries For...

What is health insurance? Health insurance is the insurance product. it covers the medical expenses of an individual or family. it can be reimbursement or a cashless facility. It covers accidental hospitalization expenses from day one and diseases after 30 days. Why Health Insurance Required It depends on when, for whom, and for what needs, we are buying. 4 Major Reasons Inadequate Savings Medical Inflations Changed Lifestyle Tax Purpose A Health insurance product offers basic features i.e Inpatient Treatment - Min 24 hrs of Hospitalization Required. Day Care Treatment - No Requirement of 24 Hrs Hospitalization, due to advance technology . Domestic Ambulance - it covers domestic ambulance charges for the nearest hospital up to sum limits. Domiciliary Treatment Pre and Post Hospitalization Expenses AYUSH Treatment - it covers Ayurvedic, Yoga, Unani, sedha, and Homeopathy up to sum limits. Health Insurance plans There are many types of health insurance policies. Individual Health Pla...