Hack to get 30% to 40% cheaper health insurance. đ„
Health insurance is expected to increase by 15% to 16% CAGR over the next few years owing to rising medical costs and increasing claims.
What can you doâïž
Lock in lower health insurance cost today by purchasing 3 year plans.
You get an upfront 10% to 15% discount & also donât have to worry about rising premium costs in the near future.
What about tax benefits? đ°
As per section 80D, youâre allowed to claim health insurance as a tax deduction, upto âč25,000.
You might think that you wonât be able to take that benefit every year if you purchase the insurance for 3 years in one shot.
Donât worry !! You can divide the cost over 3 years and claim every year.
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