An insurance policy which covers the medical and surgical expenses of the insured is called a health insurance policy. Typically, insurers in India provide the following types of health insurance:

The Importance of Health Insurance

Due to daily stress and hectic lifestyles, health has indeed become a wealth that people are looking to protect. At the same time, one of the sectors which are undergoing steady inflation is the healthcare sector. Instead of paying hefty bills once you are afflicted with a disease and hospitalised, you can pay a small premium to obtain an insured amount.


In the case of adults, any individual between the age of 18 and 65 years is eligible to obtain a health insurance policy. In the case of children, eligibility is between 90 days and 18 years. Do note that the amount of premium increases significantly as the insured grows older. So, it is recommended to purchase the policy at the earliest.

Tax Benefits of Health Insurance

Section 80 of the Income Tax Act provides a host of tax benefits for a health insurance plan:

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