Tax Breaks and Health Security: The Benefits of Health Insurance in India
ealth insurance in India not only safeguards your well-being but also helps reduce your tax liability. Under Section 80D of the Income Tax Act, you can claim deductions for premiums paid for health insurance policies for yourself, your family, and your parents. The maximum deduction limit is ₹25,000, which increases to ₹50,000 if insuring senior citizens. Opting for a comprehensive health insurance plan not only covers medical expenses but also offers tax benefits, ensuring dual advantages of financial security and tax savings.