Top up Health Insurance
Health is the most valuable asset for a person. Given this fact it is prudent to have insurance and stay protected. Health insurance is an instrument that provides financial coverage for the illness to make it more accessible and affordable for a common man.
Top up plan is designed to have access to extra features that an insurance policy could provide. There could be circumstances where your expenses exceed the amount that the health insurance offers. As serious illness or accidentsmay require a very long time, it is beneficial to add top up Health to an already existing portfolio. 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).