News From Press Insure your health to save on taxes

Insure your health to save on taxes

Source: The Asian Age Mar 22, 2016

Health insurance has gained popularity as a tax saving option very recently, with the additional tax sops offered by the government in successive Budgets, which have boosted awareness of and proclivity to opt for health insurance.

Even if there were no tax benefits involved, health ins-urance is worth its weight in gold. Rising medical care costs, along with ever incre-asing inflation, leave us with no option but to buy health insurance — one of the wisest financial decisions that you can take.

But as tax saving is one of the key reasons for people to buy health insurance products, here is a quick look at few points which need to be kept in mind while purchasing the health insurance as part of your yearend tax planning measures.

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