Site news

HEALTH INSURANCE PREMIUM PAID IS EXEMPTED FROM INCOME TAX UNDER SECTION 80D OF THE INCOME TAX ACT UP TO RS.25,000 FOR INDIVIDUAL HIS FAMILY

 
 
Picture of System Administrator
HEALTH INSURANCE PREMIUM PAID IS EXEMPTED FROM INCOME TAX UNDER SECTION 80D OF THE INCOME TAX ACT UP TO RS.25,000 FOR INDIVIDUAL HIS FAMILY
by System Administrator - Thursday, 25 January 2018, 7:13 AM
 

By: M.S.Yatnatti: Editor and Video Journalist Bengaluru: The health insurance products offered by star health insurance are many and for further details on insurance products you can contact: SwarnambaR.Lon her mobile : number :9945051395 as this is advertorial promoted by her. Star Health and Allied Insurance Co Ltd is a joint venture between Oman Insurance Company UAE, Leading NRIs and an Indian company being a special purpose vehicle formed by a group of business tycoons. In April 2013,Star Health Insurance became the first Insurance company to launch a specialty policy for people suffering from Cardiac ailments, Star Cardiac care the one of its kind policy for persons who had undergone Heart Surgeries.Reportedly Health industry is advancing in a competent pace with the invention of new equipment's and technology. Private hospitals provide a competent treatment in terms of quality and technology. Everyone opt for a quality treatment which is considerably expensive. Health Insurance reduces this burden and paves way for easy access to quality health to all. It is an absolute security for family and aids you at the time of emergency and minimizes your monetary burdens. Premium paid under the Health insurance Policy is exempted from Income Tax under section 80D of the Income Tax Act up to Rs.25,000 for individual covering his family and dependent Children.In case the proposer intends to cover his parents under medical insurance, he is eligible for a deduction of another Rs.30,000 under section 80D.In case the age of parent to be covered is above 65 years, the deduction available is Rs.20,000 under section 80D.Star Comprehensive health insurance: Star Comprehensive Insurance Policy offers wide coverage for the entire family under a single sum insured option. This plan also includes extraordinary features such as cashless hospitalization benefits with no capping on room rent and treatment costs, coverage for outpatient Dental & Ophthalmic treatments, maternity cover, free health checkup and much more with guaranteed lifetime. renewals.Star Senior Citizen Red Carpet: Star Senior Citizen Red Carpet is a health insurance policy exclusively meant for Senior citizens aged between 60 to 75 years with guaranteed renewals beyond 75 years.This plan brings a whole lot of exciting features such as No pre-medical hassles, Pre-existing diseases covered from 1st year of policy, Higher Sum Insured coverage etc.Star Health and Allied Insurance Co Ltd began operations in health insurance, overseas mediclaim, and personal accident in 2006. The insurance company uses its resources to provide excellent services and customised products to meet the varying needs of its customers. Star Health and Allied Insurance has a capital base of Rs.1,050 crore, is one of the largest private health insurance providers in India.Present across the country, it services a wide range of individuals through its 7,500+ strong hospital network. It has emerged as India's first stand-alone health insurance company, dealing in personal accident, mediclaim policies, and overseas travel insurance. The company offers a wide array of health insurance policies products at reasonable prices to make health insurance affordable for all. Star Health and Allied Insurance is focused on making health insurance coverage available to all segments of the population.