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Occasional Contributor
Shefalik
Posts: 15
Registered: ‎31-03-2016

What role should this insurance play in my portfolio?

What role should this insurance play in my portfolio?

2 REPLIES 2
Frequent Contributor
hayat
Posts: 106
Registered: ‎22-03-2016

Re: What role should this insurance play in my portfolio?

Health insurance is very important now a days, when medical costs are going up and you only have back up of insurance. 

Moderator
Moderator
akanksha
Posts: 21
Registered: ‎06-04-2016

Re: What role should this insurance play in my portfolio?

Dear Shefalik,

 

While providing financial protection against your medical emergencies, Health Insurance also offers tax benefits.  The premium paid for a Health Insurance policy can be deducted from the total income. The Section 80D of the Income Tax Act provides for tax deduction from total taxable income for a payment of Health Insurance premium paid by you.

 

Thanks 

Akanksha