Individual Health Insurance

Health insurance is a protection that takes care of expenses during hospitalization in case of sudden illness, accident or surgery which is done due to some disease that affects during the policy period. This particular category of insurance is meant for an individual i.e. a separate insurance for each person with defined cover. Deduction under Section 80D is available as per the provisions of the Income tax Act, 1961. This deduction can be availed by an individual (resident or non resident, Indian citizen or foreign citizen) and HUF (Hindu undivided Family may be resident or non resident).