Future Generali

How health insurance plans by Future Generali India Life can help you save tax

With the cost of healthcare rising in India, medical emergencies can take a substantial toll on the financial resources of an individual. Health insurance can help you safeguard your savings from the rising cost of medical care. Medical insurance either pays a fixed, pre-decided amount on the diagnosis of a disease or reimburses the actual cost of treatment. Buying a health insurance plan can also help you save some taxes.

  • The premiums paid for health insurance are eligible for deduction of up to ₹ 25,000 in a year under Section 80D of the Income Tax Act, 1961. The deduction is allowed for a policy taken for self, spouse or children. An additional deduction of up to ₹ 50,000 per year can be claimed under the same section for a senior citizen parent.
  • Some health insurance plans pay death benefit which makes them eligible to be considered as life insurance and hence, a deduction of up to ₹ 1.5 lakhs can be claimed for the premium of such plans.

Health insurance plans by Future Generali India Life Insurance can help you avail deductions along with a plethora of other benefits.

Future Generali Heart and Health Insurance Plan – UIN: 133N069V02

  • Provides coverage against 59 critical illnesses and surgical procedures.
  • Ensures coverage from the early stages of life encompassing the minor, moderate and major stage of the disease.
  • In-build death benefit without any waiting period
  • Flexibility to choose from four protection options
    1. Heart Cover
    2. Critical Illness Cover
    3. Heart Cover with Return of Premium
    4. Critical Illness Cover with Return of Premium.
  • Payout of a fixed lump-sum amount on the diagnosis of any diseases covered under the plan
  • A discount of 5% on buying the plan online

Future Generali Cancer Protect Plan – UIN: 133N063V02

  • Coverage that includes protection against both minor and major stage cancer
  • Offers a free look period with the freedom to return the policy within 15 days
  • Option to choose between regular premium and one-time premium
  • Cover yourself till the age of 80 years

Future Generali India Life insurance health insurance plans help you live a stress-free life without worrying about the booming cost of treatments. These health insurance plans also help you save taxes, which increase the overall value proposition of the policies.

Read Next

Have a health insurance? Secure tax deductions under section 80D | Tax Hacks

Apart from providing medical cover, health insurance also helps the policyholder claim tax deductions under se…
Read more.

Tax Hacks - 15 Tax-Saving Options Beyond Section 80C Limit

Go beyond 80C tax benefits to become a smart tax saver. Here is a complete list of tax-free deductions availab…
Read more.

All Tax Saving Plans by Future Generali Life Insurance

It is important to invest in tax saving instruments to ensure you get the maximum benefit from your investment…
Read more.

Disclaimer and Links