The importance and benefits of health insurance are known to all. Health insurance provides a cushion against the spiralling healthcare costs and guards you against any financial stress that you might encounter due to a medical condition. However, not many are aware of the fact that a health insurance policy not only safeguards the insured against the financial pressure that comes along with a medical crisis but also aids in fulfilling an individual’s financial goals by providing tax reliefs. Health insurance and tax benefits Under Section 80D of the Income…
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