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Health insurance offers benefit to protect your finances incurred towards hospitalization and treatment and add to your tax saver investments. The main benefit of a health insurance policy is that it positions to tackle any emergency or planned hospitalisation without having to bother about the medical expenses. Expenses due to hospitalization, domiciliary admission to the hospital, treatment in the day-care section, expenses prior to and post your hospitalization and other value added services are covered by any common health insurance policy. There are many health insurance plans which you can choose from to suit your family’s needs. Additionally you could also club your health insurance policy with Critical illness cover, PA cover, High Deductuble, Hospital Cash, etc., to offer comprehensive protection for individual and the entire family. It is wise to secure yourself and your family with health insurance coverage to avoid financial troubles during a health emergency. One health insurance would cover your family’s health needs including you, your spouse and your two children. You could also cover your parents under your policy paying some additional premium. While health insurance provides protection to your family’s health, it also allows you to obtain deduction of tax up to Rs. 15000 and Rs. 20000 if parents are covered. The section 80(D) states that if you make an investment towards a medical insurance policy then you are eligible for a tax deduction for the insurance premium for your family which includes self, your spouse and two children. There is a combined limit for self, your spouse, two children and your parents of thirty five thousand rupees annually. Investment towards health insurance should not be delayed because emergency can occur any time. A health insurance can save your life or the life of a dear one. Health insurances make costs for medical treatment much more affordable. The usual time to buy a health insurance policy is between eighteen to forty-five years of age. Depending on your age and your health you can attain discounts on the premium value. So, choose a health insurance today to offer complete health protection to your family. The other advantage of buying a policy online is that you can submit all the documents on the net. This frees you from the worry of either couriering or personally handing over all the documents. All the work is done electronically, thus it’s really time saving. Also, many times, when you buy a policy offline from an agent, then you might have to pay extra charges. However, when you buy the policy on the net, there are no extra charges; thus, it’s also cost-effective. For more information visit: Health Insurance and Tax Saving Investment.
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