This health insurance plan provides cover to the policyholder in case of medical expenses following hospitalization or domiciliary hospitalization in the following scenarios:
Primarily meant for individuals residing in the country, this plan takes care of all accrued by the insured during the policy tenure, which usually lasts for 1 year. Policy can be renewed indefinitely, subject to an upper age limit.
Policyholders can claim tax deductions up to Rs.25,000 on premiums in one year. Senior citizens get deductions up to Rs.30,000. These deductions are applicable under Section 80D of the Income Tax Act, 1961.
GST rate of 18% applicable for all financial services effective July 1, 2017.
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