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Healthcare-related expenses that can help you save income tax

WEBThe maximum amount of deduction is Rs.75,000 or Rs.1.25 lakh, depending on the severity of the disability (normal or severe). Hence, health care expenses should …

Actived: 2 days ago

URL: https://news.cleartax.in/healthcare-related-expenses-that-can-help-you-save-income-tax/7687/

Save Tax With Preventative Health Checkup

WEBA tax deduction concerning a preventive health check works as follows: You must have incurred an expense in a specific financial year. The expense can be related …

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New Insurance Rules: KYC is Mandatory

WEBIt is now mandatory to submit Know Your Customer (KYC) documents for purchasing all new insurance policies, including health, auto, travel, and home. From …

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“Health Insurance is a Necessity, Reduce GST to 5%”, Say Insurance

WEBHealth insurance premiums in India come with a high GST rate of 18%, which, according to insurance companies, plays a significant role in the decision-making …

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How to Make Claims With Two Health Insurance Policies

WEBPick any one of the insurers and submit the original hospital bills. You must ask the insurer for certified copies of the hospital bills, along with the claim amount. The …

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Common Errors You Need to Avoid When Buying a Health …

WEBA health insurance policy has now become a necessity versus an option in everyone’s lives. When you have a health insurance plan, you will safeguard yourself …

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No Medical Insurance

WEBHowever, some people cannot get a health insurance policy because of past ailments, advanced age, pre-existing diseases, etc. Insurers do not agree to extend …

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How Does Restoration Benefit Work in a Health Insurance Policy

WEBIn a health insurance policy, restoration benefit is a feature that replaces the entire sum insured if it is spent already during the policy period. Be it the increasing …

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India’s Healthtech Market Expected to Hit $21 billion by 2025

WEBFurther, this will lead to an increase in demand for technology-backed solutions in the upcoming days. In India, preventive health care is projected to hit a …

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New Tax Regime: A Quick Take on Exemptions

WEBAs per the new tax regime, a taxpayer can enjoy tax-exempt income up to Rs 7.5 lakh after applying the standard deduction and tax rebate. Family pensioners can …

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Corona Kavach/Rakshak or Health Insurance

WEBIf you have a health insurance policy that includes a low room rent limit or a small sum insured, you can consider purchasing a Corona Kavach policy. In another …

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IRDAI Mandates General Insurers to Add Mental Illness and HIV to …

WEBThe Insurance Regulatory and Development Authority of India (IRDAI) made it mandatory for stand-alone health insurers or general insurers to launch health …

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Centre Reiterated that GST on COVID-19 Medicines Capped at 5%

WEBThe decisions on GST rate rationalisation and exemptions on all services, including health insurance premiums, will be taken on Council’s recommendations. The …

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Health Insurance: IRDAI Proposes Changes in Customer …

WEBCurrently, insurers follow the template set in 2020, when IRDAI tried to standardise the CIS format through the introduction of guidelines on product filing in the …

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Key to manage personal financial health

WEBTake into account the health factor. Apart from you, it is also necessary to consider a family’s financial health. First, opt for a health insurance package to tide …

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Economic Survey 2022-23: India on Track for Fastest Growing …

WEBShare article. Insurance penetration in India has risen steadily from 2.7% in 2000 to 4.2% in 2020 and was 3.2% in 2021, as per the Economic Survey 2022-23 …

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Mashak Rakshak Policy To Be Rolled Out On 1 April 2021

WEB2 minute read. Published on 26 March 2021. The Insurance Regulatory and Development Authority of India (IRDAI) has issued guidelines stating all general and …

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Points to Remember: When You Opt for a Mediclaim Policy

WEBA health insurance policy or a mediclaim often remains quite misunderstood. Here are a few points to ponder before completing the formalities of filling out the form …

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RBI Extends Liquidity Window for Emergency Health Services

WEBOn Thursday, the Reserve Bank of India (RBI) proposed extending the Rs.50,000 crore on-tap liquidity window for emergency healthcare services till 30 June …

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Insurers to Provide Simplified Customer Info Sheet from January 1: …

WEBIRDAI, policyholder. Insurance companies (insurers) will be required to list all policy details in a revised Customer Information Sheet (CIS) for health insurance …

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NHA is adding a face authentication feature to the Ayushman …

WEBImage source- Shutterstock. Published on 18 April 2023. The National Health Authority (NHA) plans to add another feature to its Ayushman Bharat Health …

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