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. All investments are subject to market risks. Please read all scheme-related documents carefully. The information on this website is for general informational and educational purposes only and does not constitute financial advice or a recommendation.