Brand Desk: Get income tax exemption in these 6 ways through health insurance Apart from these, education, money, and health are equally important. But even without wanting, every single person comes into the circle of health problems at some point or the other.
Whether it is an accident on the road, treatment of illness of your elderly parents, or the birth of a young guest in your family. We reach the hospital due to some reason or the other and in this era of inflation, it is difficult for every common man to bear the cost of the hospital.
One way to get relief from this is through a health insurance policy, after taking which you are largely free from the worry of hospital payments. With health insurance, you can easily get yourself or your loved one treated in any of the best hospitals.
Also, by taking such a policy, you can also take advantage of income tax exemption. If you are not aware of this by now, then you can save income tax through health insurance in these 6 ways.
Regular health checkups
Having a health policy, you can get up to Rs 25,000 per annum in income tax exemption, based on the expenses incurred for regular health checkups.
As per Section 80D of Income Tax Act, 1961, this amount is 25,000 on the age of 60+ while the policyholder gets a benefit of up to 30,000 on income tax if he is 60+. Apart from this, you can also claim preventive health checkups up to Rs.5,000 per year.
On taking a policy for parents