You are here: Home » PF » Features » Insurance
;
Business Standard

Readers' Corner: General Insurance

K G Krishnamoorthy Rao 

My company's health insurance covers my father, a senior citizen. I am paying additional premium and claiming tax benefit on it.

If I buy another health cover for him, can I claim tax benefit for that, too? Is a stand-alone cover better or a top-up? You can claim 80D benefit of up to Rs 30,000 annually for all premiums put together for your father/parents. This would be in addition to the limit of Rs 25,000 applicable on the premiums for yourself and your family (spouse and dependent children). Whether to go for a separate health insurance policy or a top up-policy depends on the ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, August 07 2016. 22:23 IST