HealthInsurance
Definition
An insurance product that covers medical expenses including hospitalisation, surgery, pre and post-hospitalisation care, and sometimes outpatient treatments. Health insurance premiums qualify for tax deduction under Section 80D. Adequate health cover is essential to protect savings from unexpected medical costs.
Example
A family floater health insurance policy of Rs 10 lakh covers the entire family under a single sum insured, with premiums of approximately Rs 15,000-25,000 per year.
Acornia Investment Services Pvt Ltd (ARN: 192746) is an AMFI Registered Mutual Fund Distributor & SIF Distributor. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Investments in Specialized Investment Fund involves relatively higher risk including potential loss of capital, liquidity risk and market volatility. Please read all investment strategy related documents carefully before making the investment decision. The information on this website is for general informational and educational purposes only and does not constitute financial advice or a recommendation.