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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...

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 ...