There are numerous persons who seek health insurance plan just due to associated tax benefits. At the end of financial year, individuals run after tax saving alternative. Some opt for short-term plans while others opt for long-term plans.
Health insurance is one such option that helps you to avail either type of benefit, depending upon your needs. In addition, these plans also offer tax benefits. If the policy is renewed regularly, long-term tax benefits can be availed.
The section 80 D of the Income Tax Act states that the amount invested towards the health insurance plans is exempted from tax. The same holds true, if the investment is made either for family’s health or for parent’s health.
It is subjected to the maximum of Rs.15,000 per year. In case of senior citizens, the limit may extend to Rs. 20,000 per year.
Apollo Munich, a joint venture between the Apollo Group of Hospitals and Munich Health, offers you financial and medical shelter through its plans. It also gives you an option to opt for life-long renewal feature, which helps in availing long-term tax benefits.
In addition to it, a person should compare various associated factors such as Premium, Coverage Limit, Exclusions, Deductible, Co-payments etc. It would help to choose the best plan.
Furthermore, Apollo Munich plans are designed, looking into healthcare needs of individual at the time of medical emergency. Thus, the company offers complete coverage to its customers. The team of experts working in designing of products has adopted unique ideology of identifying healthcare needs and then, designing plans accordingly. This means have proved beneficial both for the customers and for the company.
Working in lines of this unique ideology, Apollo Munich is looking forward to offer health cover to more than 500 million people in India over next five years, which if accomplished would bring a great change in the health insurance sector in the country.
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