
Section 80DDB offers a beneficial tax deduction for medical expenses for treatment of specified diseases.

If you have obtained health insurance for yourself, your spouse, your children, and your parents, you can claim a premium refund of up to Rs 25,000.

Health insurance usually covers pre and post-hospitalization expenses, room rent, ambulance facility, doctors' fees and medical expenses.
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Co-payment gives you an option to reduce your health insurance premium by agreeing to pay a certain percentage of hospital bills at the time of claim.

All stakeholders, both in public and private sector, have to ramp up efforts to make insurance a key pillar of survival, just like food and clothing.

Travel insurance: Having a travel insurance policy ensures that you have a safe and secure trip.

Rakesh Goyal, Director, Probus Insurance, said it is important to mention the medical history no matter how long back the medical procedure occurred