The world without a worry !
So, you can focus on your studies, and you'll only bring back happy memories
They say, travelling makes you a storyteller. We ensure your employees only have happy stories to share. Give them the comfort of Group Explore our Travel Insurance on their next work-trip both International or Domestic.
With CHI as your insurer, its truly Health ki Guarantee!
Freedom to get Health Insurance without worrying about your current health status
Get enhanced coverage for greater protection
A perfect blend of hospitalization & maternity insurance
Along with Maternity & Newborn coverage, Joy offers you a number of thoughtfully designed features & Services that give you several advantages at most critical of time. Two plans available- Joy Today and Joy tomorrow.
A Comprehensive Health Insurance plan that not only covers heart ailments but offers much more
* At the discretion of Underwriting. **Up to 25% of Sum Insured.
A Comprehensive Health Insurance plan for Life’s golden years.
*At the discretion of underwriter.
^Tax Benefits under the policy will be as per the prevailing Income Tax laws and are subject to amendments from time to time.
For tax related queries, contact your independent tax advisor. As per section 80D of Income Tax Act, an Adult (aged between 18 & 60 years) can save tax on a premium of upto Rs. 25,000 and his/her senior citizen parent/s (aged 60 years & above) can save tax on a premium of upto Rs.50,000.
**For 5 consecutive claims free years by using No Claim Bonus & No Claim Bonus Super (Optional Cover ).
Incremental increase every year is applicable on base Sum Insured. If a claim is made in any particular year accrued NCB or NCB super will be reduced at same rate at which it is accrued.
In line with our objective of ensuring good health…hamesha! Our Comprehensive Health Insurance Plan – Group Care; helps safeguard the most important asset for you i.e. your employees / Customer, against financial risks arising out of a medical emergency.
A comprehensive Health Insurance that covers all major types of Cancers on a lifelong basis and offers affordable EMIs.
Health Insurance cover specifically designed to cover 16 major Heart ailments that comes with option to pay in Easy EMIs
Unlike most other plans this plan offers lifelong coverage for 32 critical illnesses
Health Insurance that covers expenses related to defined Surgical procedures
Truly Comprehensive Personal Accident cover with broad range of features, add-on benefits, hassle free procedures & thoughtful services
Journey of life is not smooth and some things cannot be predicted for such as an unfortunate accident. That’s why your employees/customers need Group Secure – Personal Accident Insurance so that life’s big or small surprises never pull you down.
Please visit Self Help Portal for changing your contact details such as Address, Email ID and Mobile number as well as for placing request online for Policy documents and tracking your Request status.
Managing your Care Health Insurance policy is now App Solutely Simple with our all new mobile app. Available on both Google Play Store & iOS. To download – click on Icon
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Managing your Care Health Insurance policy is now App Solutely Simple with our all new mobile app. Available on both Google Play Store & iOS. To download
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How to Claim Tax Benefits on Medical Insurance?
93%
Claim Settlement Ratio (OND 2018)
7800 +
Network Hospitals across 500 cities
400 Lacs+
Lives covered
A sound health insurance policy provides you and your family a comprehensive medical coverage and supports you in your tough time. It bears your medical expenses and avail the best possible treatment. Its benefits do not limit here, along with the right treatment, financial security; you are entitled to get tax deductions on it under Mediclaim 80D of the Income Tax Act. This is why investing in good health insurance offers you a double bonanza. In this article, you can read how you can avail health insurance tax benefits.
Premium is the amount that you have to pay to the insurance company against the sum insured. Under Mediclaim 80D of the Income Tax Act, the premium paid for the health insurance policy for self, dependent parents, spouse, and children is exempt from tax. You can claim Rs.25,000 for individual and family health insurance and up to Rs 50,000 for senior citizens per year.
You should know that under your health insurance policy, you are entitled for annual health check-up. It include blood sugar tests, urine tests, cholesterol tests, ECGs, etc. According to Mediclaim 80D, you can avail tax reduction on annual health checkups up to Rs. 5,000.
Premium paid against health insurance for very senior citizens like 80 years, treatment of specified illnesses, and treatment of a dependent with a disability, are all come under tax deduction. This reduces your taxable income low that reflects less tax liability.
Health insurance serves a dual purpose, it protects you from the financial loss due to unforeseen medical emergencies and secondly, it saves your hard-earned money. With the rise in health care costs and medical inflation, medical insurance should definitely feature in your investment portfolio. The Indian government also encouraging citizens to opt for health insurance that allows saving a good amount of money on tax under section 80D. The premium paid against a health insurance policy is exempted from taxation. You can read what section 80D is and how health insurance avails you tax benefits under this act.
Section 80D comes under the Income Tax Act of India that allows tax deductions from the gross taxable income for the payment of health insurance premium paid by an individual or the Hindu Undivided Family. Premium paid against health insurance policy for self, dependent parents, spouse, and children are all exempted from tax. Under this section, health insurance premiums, contributions to the Central Government Health Scheme, and preventive health check-up can be claimed for a tax deduction. However, the quantum of tax benefit in individual and family health insurance depends on the age and income of the insured. It also provides tax benefits by reducing taxable income and shows less tax liability.
Example:
In order to have more clarity on tax deductions claim, under section 80D, you can read this example.
Akash, a 40-year-old software engineer has taken a medical insurance plan for himself and his father, whose age is 60 years. He pays insurance of INR 30,000 and INR 35,000, respectively. Now the maximum amount of claim he can file under section 80D is:
In case of policy for self: He can claim up to INR 25,000 for the premium paid on his policy.
In case of policy for senior citizens: He can claim up to INR 50,000 in total. Therefore, the total deduction that he can claim for the premium paid for self and for his dependent father is INR 60,000 for the year.
Let’s understand how you can claim tax under section 80D of the Income Tax Act on the amount of health insurance premium.
Claim on senior citizen policy:
If you buy health insurance for parents above 60 years, then you can also avail of an additional deduction up to INR 50,000.
Health insurance has become the need of an hour. Investment in single health insurance and family Health Insurance acts as your savior in your bad times. It not only supports you in a financial crunch but also helps to save more. So, if you are still away from health insurance, then you can consider health insurance policies offered by Care Health Insurance (Formerly Religare Health Insurance) with maximum coverage at affordable premiums and enjoy a plethora of its tax benefits.
Claim on premium:
If you are below 60 years of age, then you can claim a tax deduction up to INR 25,000 on the premium paid against health insurance for self, and if you are above 60 years of age, then you can claim up to INR 30,000 per year.
Claim on annual preventive health check-ups:
According to Section 80D, you can avail tax reduction on annual health checkups up to INR 5000 per year.
The following steps can help maximize the health insurance tax benefits for the entire family:
Tax benefits for health insurance premiums can be availed only if the payment is made through certain modes. They include a demand draft, debit card, net banking, or cheque. For preventive health check-ups, cash payments are applicable for tax deductions.
Walk-in to the nearest Axis Bank branch to pay your Renewal Premium conveniently via Cheque/Demand Draft. Please ensure to keep the following in mind while opting for the same:
Please visit during banking hours and ask for ‘Easy Pay’ service counters at Axis Bank branch to deposit your premium.
Please mention your Policy(s)number and Contact number on the reverse of cheque. Instrument should be in favour of "Religare Health Insurance Company Limited"
Make sure to collect the acknowledgement slip before leaving bank’s service counter for any future correspondence.
Postdated/ Outstation/ Third Party cheques are not allowed.
Please ensure the cheque amount is equal to the amount mentioned in renewal invite.
It is advisable to carry a copy of Renewal invite while visiting to Axis Bank branch.
Please ensure to deposit the cheque at least 7 Days prior to the due date. Instrument deposition is not allowed after the policy expiry date.
In case of any modifications in the policy details at the time of renewal, please contact our
branch and do not deposit the cheque in Axis Bank Branch.
Contact respective ‘Axis Bank branch manager’ in case of any difficulty/issue/clarification related to deposition of renewal premium. You may further contact our Customer Service team at 1800-102-4488/1800-102-6655
Add family members to be insured
Terms & Conditions of Premium Quote Generation
"Care Health Insurance Ltd (formerly known as Religare Health Insurance Company Limited) & associate partners may contact you to assist you with website navigation of www.careinsurance.com and assist in proposal filling."