05/06/2022 Financial & Legal Services
A health insurance policy is a type of insurance that covers medical expenses for illnesses or injuries. The health insurance system helps you stay safe from various diseases. It covers the cost of hospitalization, daycare procedures, home medical care (after hospitalization), ambulance costs, health checkup, doctor consultation fees, etc. Additionally, under section 80D of Income Tax Act, it helps you to get tax benefits against your health insurance premium. It is an essential requirement no matter your age or gender.
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