The cost of medical treatment is rising as days are passing by. As the age of human being or family size increase, medical expenses tend to rise significantly. Without a suitable health cover in place, medical expenditure can drain liquid assets and create a lasting impact on one’s financial plan. That is why, it is advised to purchase a suitable and appropriate health insurance policy, under which the cover is available for medical expenses incurred due to various health hazards.
The premium paid towards a health insurance policy provides tax rebates under one or more of Sections 80 D, 80DD and 80 DDB of Income Tax Act, 1961.