Skip to main content

Health Insurance and Tax Saving

Tax Saving with Health Insurance
 

What is the most valuable commodity one can posse? Money? No! Power? No! Success? No! No! No! I am talking about our most priceless commodity 'HEALTH'. All things will follow only if you are healthy. Nobody wants to distort their life because of bad health. However, some uncertainties can never be predicted completely and Bad-health is one of them. You don't know when it knocks at your door and trap you. So, you need to be prepared in advance. You might not be able to stop sickness from trapping you but can certainly cut its wings by treatment. But again, treatment requires money as nothing comes for free and certainly not health so what to do? Now, here comes your savior 'Health Insurance'.

As the name suggests, health insurance policies are policies that look after you and your family members health along with your wallet. Many insurance companies know how one visit to doctor can suck you dry, hence they offer several types of health plan so that you can live healthily, happily and without any stress. In fact, since last few years, health insurance India industry has expanded vastly and still government is trying to tap this market.

What Market Offers?

Market offer different kinds of medical insurance plans but which will be the best health insurance plan totally depends on individual needs. Below is the table on types of medical insurance policies-

Health_insurance_policies_in_India

Health_insurance_policies_in_India

What Medical Policy Covers ?

This question might tickle your brain and it is valid also. You should know why to buy a certain product. What is its importance? Hence, below are some of the benefits of buying health coverage plans-

  • Co-Payment- Some plans may not provide you complete remuneration for treatment but offers to pay some of the treatment's fee (depending on terms & condition) and thus, lessen your burden.
  • Ambulance fee Why to even pay for an ambulance also when you have policy that covers it on your behalf?
  • Health Check-up- Some of the best mediclaim policy also offers for health check-up (Depending on insurer health claim history and terms in policy)
  • Tax Benefit The most important benefit of medical coverage is it is good investment. Now, you must be wondering how? Well, as per section 80D of Income Tax Act, paying mediclaim premiums can help in tax deduction. A person if buy mediclaim for himself, partner (spouse), his children and parents (below 60) can save upto Rs. 15,000 yearly and in case parents are 60+ then Rs.20,000 tax can be deducted (Depending on income). So, it is no rocket science that health plan is the best investment deal. (Not applicable to corporate world)
  • Free Treatment– Several health plans offer free treatment to insurers so they don't have to stress over finance and can contentedly treat themselves and their family.

 

Medical_insurance

Medical_insurance

Now, that you know why health insurance is so important then make sure to buy it for yourself and your entire family and live a healthy and stress-free life. However, make sure to compare all the plans before you buy because every insurance company claims to offer the best medical insurance in India but what is truth can only be measured after comparison.

 

 

 

-----------------------------------------------
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

-----------------------------------------------

Popular posts from this blog

Post Office Deposits Interest Rates

Best SIP Funds to Invest Online   SIPs are Best Investments when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich For further information on Top SIP Mutual Funds contact  Save Tax Get Rich on 94 8300 8300 OR You can write to us at Invest [at] SaveTaxGetRich [dot] Com

HDFC Capital Protection Oriented Fund – Series II 36M May 2014 NFO

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300     HDFC Capital Protection Oriented Fund – Series II 36M May 2014 NFO will be open for subscription from 16th May 2014 to 30th May 2014. The key features of the scheme are as mentioned below:   Type of Scheme A Close Ended Capital Protection Oriented Income Scheme Benchmark Crisil MIP Blended Index Fund Manager Mr. Anil Bamboli , Mr. Vinay R Kulkarni & Mr. Rakesh Vyas New Fund Offer (NFO) Period 16 th May 2014 to 30 th May 2014. Minimum Application Amount Rs. 5000 and in multiples of Rs.10 thereafter Plans/ Options Offered Growth and Dividend Payout Facility Liquidity To be listed For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

How to PPF Account extension after maturity

A PPF account can be retained after maturity without making any further deposits. The balance will continue to earn interest till it is closed. Public provident fund or PPF remains one of the most popular savings options for the long term despite a gradual decline in interest rates over the years. PPF accounts have a maturity period of 15 years and they can be extended. If there is no fund requirement, financial planners say, PPF account holders should extend the account beyond 15 years. In terms of income tax implications, PPF accounts enjoy the benefit of EEE (exempt-exempt-exempt) status . Under Section 80C, contribution up to Rs 1.5 lakh in a financial year qualifies for income tax deduction. The interest earned and maturity proceeds are also tax free. What are your options when a PPF account matures? 1) A PPF account can be closed after the expiry of 15 financial years from the end of the year in which the account was opened. 2) The subscriber can retain his

Goldman Sachs Mutual Fund - Goldman Sachs India Equity Fund

Tax Saving Mutual Funds Online Current open Infra Bond Application form   GOLDMAN Sachs Mutual Fund, the Indian mutual fund ( MF ) arm of the US financial major Goldman Sachs, has filed an offer document with the securities regulator for its first equity fund launch in India. Goldman Sachs India Equity Fund will be an open ended equity scheme with 80 to 100 per cent asset allocation to equities and up to 20 per cent allocation to debt securities and money market instruments. The scheme will be benchmarked to NSE's S&P CNX 500 index. This scheme will be the first equity fund floated by Goldman Sachs, apart from the already operational schemes that it acquired from Benchmark Mutual Fund, an ETF ( exchange traded fund ) provider. Goldman Sachs Asset Management, last March, bought Benchmark Mutual Fund , pioneers of ETFs in India. Besides ETFs based on Indian equities and gold, the fund house also has a ETF that tracks securities listed on Hong Stock Exchange that has

SUNDARAM SELECT MIDCAP

Best SIP Funds Online   SUNDARAM SELECT MIDCAP is a mid-cap focused fund has shown remarkable consistency in outperforming both its benchmark index and the category over many years. It takes a sharper tilt towards mid-caps compared to its peers. While the fund manager used to take large positions in his conviction picks, he has moderated exposure to his top bets over the past year. He has also chosen to stay away from capital guzzling businesses instead favouring those with efficient capital allocation practices. SUNDARAM SELECT MIDCAP fund boasts of a superior risk-reward profile compared to many of its peers, and while it has underper formed slightly over the past one year, its proven track record in the hands of a capable fund manager provides comfort. It remains a worthy pick in the midcap basket. SIPs are when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich For further inform
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now