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 Yes, "it is free only if, you are a taxpayer. Most of the population in India is not covered under health insurance and depends on their savings or borrowing for Hospital expenses. But the government also encourages everyone to buy medical insurance and allows you to avail of tax deductions under Section 80D.   What is Section 80D? Every individual or HUF can claim a deduction from their total income for medical insurance premiums paid in any given year under Section 80D. This deduction is also available for top-up health plans and critical illness plans. The deduction benefit is available not only for a health insurance plan for self but also for buying the policy to cover spouse, or your dependent children or parent. The best part is that it is over and above the deductions claimed under Section 80C. Who is eligible for deduction under Section 80D? Deduction for medical insurance premiums and medical expenses for senior citizens is allowed to the Individual or HUF category ...

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...

Corona Policy- Short Term Health Policy Always do basic exercise before purchasing health insurance. and give priority to your requirements. Go for the good company product as you will be sure that you have invested your money at the right place. To see which company is the best, here are the points. Before you take any decision, today we are discussing only short term health policy. Due to this pandemic situation IRDAI has introduced 2 types of Policies to combat with higher hospitalization expenses. both the policies made for the common man with bare minimum premium. First Evaluate your self/Family health insurance you have. Employee Insurance:- Private companies offers Health Insurance to Employees and Family members. but it is limited with S.I. and only available till you work within the organization. So, you should have any other coverage option too. i.e plan B. Family Health Insurance:-Family Policy running with Parents or any old age, have many risks. that particular s...