Financial advisors suggest that having a health insurance cover is important as one trip to the hospital can wipe out all of your savings. Apart from that, premiums paid on the health insurance cover also offer tax benefits.
Most people buy health insurance for the purpose of saving tax. One can avail tax benefit of up to Rs 25,000 in a financial year for the premium paid for self, spouse and children under section 80D of the Income-tax Act, 1961. If you have paid premium for your paren ..
