Health Insurance Primers

Health Insurance FAQs about Premiums


Wednesday 05 December 2007

Is there a tax deduction on the premium paid?

Premiums paid up to Rs. 10,000 per annum under the health insurance plan for self, spouse, two dependent children and dependent parents are exempt from tax under section 80 D of the Income Tax Act.


Can I get a refund if I cancel my health insurance plan during the contract term?

Yes. The insurer is liable to refund the premium if no claim has been made up to the date of cancellation.


See also:

Miscellaneous Health Insurance FAQs

Health Insurance FAQs about Coverage

Health Insurance FAQs about Claims



Back To Primers List

Smart Apply

Residential Status
  Indian      NRI
I want...
City
Full Name
Country Code  
Mobile No  
Email
Date of Birth
    
 I have read the Privacy Policy and agree to the terms therein.
Apply Now