Senior Citizen Health Insurance

What are the tax benefits offered under a senior citizen health insurance?
Asked Oct 11, 2017
As per section 80D of The Income Tax Act, 1981, a tax exemption of Rs. 30,000 is provided under a senior citizen health insurance policy. A rebate of Rs. 5,000 can also be availed for preventative health check-ups, provided that the cost is within the existing limit.
Answered Oct 11, 2017
Features and advantages of senior citizen insurance in India
The Benefits of selecting the most effective insurance plan For Senior citizens are As Follows:

Enjoy higher add insured profit
Get tax break on insurance premiums
Enjoy the free-look amount on the policy
Day care prices that arise thanks to use of special instrumentation whereas treating procedures like dialysis and therapy are covered
Avail health check-ups annually
Cashless hospitalization is availed if patient admitted for quite twenty four hours – This includes of doctor fees, medical bills, space charges, etc.
Option to renew policy on the market
Subject to the limit, car expenses for transporting the customer shall be borne
Pre and Post hospitalization is covered looking on the quantity of days
Pre-existing diseases are covered subject to terms mentioned within the policy document
Quick and hassle-free claim settlement

Answered Sep 23, 2019
There are various tax benefits available for senior citizen health insurance policy where to save income tax amount and medical bills, for better clarification contact the insurance agent or your insurance company directly.
Answered Oct 04, 2019

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