One method the government uses to encourage Indians to save and invest a portion of their incomes is by providing tax benefits to the investor. In this light, health insurance is viewed as a peculiar investment where the objective is not the ordinary building of a financial corpus but to protect your other investments from quick degradation occasioned by the need to meet medical expenses from our pockets, that is from our savings and by liquidizing our assets. Health insurance builds a safety net, in the event that, you or your family members have to undergo an unexpected medical procedure or suddenly falls ill.
Including health insurance to your financial plan is a necessary step, the tax savings incentive makes the move even smarter. Here is how you can use your health insurance to save on taxes – See more at: