In India, the risk of heart diseases is increasing rapidly among the youth aged 25 to 40 years, which is having a direct impact on the health insurance premium. Due to increasing cardiovascular risk, companies are increasing the premium by 15 to 25 percent. The policy which was earlier available for Rs 8,000, has now become available for Rs 10,000 or more. Earlier Critical Illness cover was taken after 40, but now young people are also taking it. Under Section 80D of the Income Tax Act 1961, a rebate of Rs 25,000 was available under the Old Tax Regime, but this benefit is not available in the New Tax Regime, which increases the pressure on your Net Savings.
Heart risk is increasing at a young age, health insurance is becoming expensive. New Tax Regime Explained. Money Live | Heart risk is increasing at a young age, health insurance is becoming more expensive. New Tax Regime Explained
