Health Insurance in India — Complete Guide
Health insurance covers medical expenses from hospitalization, surgery, and treatments. With healthcare costs rising 10-15% annually, it's essential financial protection.
Types
Individual plans cover one person. Family floater covers entire family under one sum insured (more economical). Top-up/super top-up provide additional cover above a deductible at low cost.
How Much Cover?
Minimum ₹5-10L for individuals in metros. ₹10-20L for family floater. Add a ₹25-50L super top-up for catastrophic coverage. Total effective cover should be ₹50L+.
Tax Benefits
Section 80D deduction: up to ₹25,000 for self/family premium + ₹25,000 for parents (₹50,000 if parents are senior citizens). Maximum deduction: ₹75,000-₹1,00,000.