Tax saver is a kind of insurance policy which aids in taking full benefits under section 80 D of the Income Tax Act 1961. The premium for tax saver policy is fixed at Rs. 15,000 for all plans.
Senior citizens who are 65 years of age or above can avail for a premium of Rs. 20,000. This type of plan involves repayment of OPD expenses which can amount up to Rs. 10,000. It can include dental treatments, diagnostic tests and related expenses.
This is a good health insurance plan for people who are looking forward to acquire all their medical costs and related expenses in a tax free way.
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