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Everything you must know about tax benefits of medical and life insurance

The income tax laws provide a tax deduction under Section 80D of the premium paid towards a medical cover taken for oneself or family (spouse and children) upto Rs 25,000 from the individual's income

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Life Insurance  |  Medical Insurance  |  Cleartax

Archit Gupta  |  Mumbai 



Life Insurance

Medical emergencies too when they arise, do take a toll on us. Therefore, it is equally important that we medically insure, both ourselves and our near and dear ones. The government actively supports this by allowing you some tax breaks upon taking of such covers - be it a life or a medical cover.

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First Published: Thu, July 05 2018. 09:37 IST

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