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How to save tax on Health Insurance Premium?

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Availing a health insurance plan for you and your family members is the first step in financial planning. The health insurance plan will take care of your hospital bills during a medical emergency. But are you aware that you can save tax using health insurance premiums? The premium you pay on your health insurance plan will provide you a tax benefit by reducing your taxable income. The health insurance premium is eligible for deduction under Section 80D of the Income Tax Act. The tax benefit is available for health insurance premium paid for self, spouse, children, and parents. Watch this video to know more about how to save tax on Health Insurance Premium.

 

 

 
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