Future Generali India Life Insurance Company Limited is now Generali Central Life Insurance Company Limited. Generali Central Life Insurance Company Limited – A joint venture between Generali – one of the world’s leading insurers and Central Bank of India, India’s finest nationalised bank.
Future Generali India Life Insurance Company Limited is now Generali Central Life Insurance Company Limited. Generali Central Life Insurance Company Limited – A joint venture between Generali – one of the world’s leading insurers and Central Bank of India, India’s finest nationalised bank.
Health Insurance Tax Benefit Under Section 80D in India
2 mins
1.7KHow health insurance plans by Generali Central Life can help you save tax
With the cost of healthcare rising in India, medical emergencies can take a substantial toll on the financial resources of an individual. Health insurance can help you safeguard your savings from the rising cost of medical care. Medical insurance either pays a fixed, pre-decided amount on the diagnosis of a disease or reimburses the actual cost of treatment. Buying a health insurance plan can also help you save some taxes.
- The premiums paid for health insurance are eligible for deduction of up to ₹ 25,000 in a year under Section 80D of the Income Tax Act, 1961. The deduction is allowed for a policy taken for self, spouse or children. An additional deduction of up to ₹ 50,000 per year can be claimed under the same section for a senior citizen parent.
- Some health insurance plans pay death benefit which makes them eligible to be considered as life insurance and hence, a deduction of up to ₹ 1.5 lakhs can be claimed for the premium of such plans.
Health insurance plans by Generali Central Life Insurance can help you avail deductions along with a plethora of other benefits.
Generali Central Heart and Health Insurance Plan – UIN: 133N069V02
- Provides coverage against 59 critical illnesses and surgical procedures.
- Ensures coverage from the early stages of life encompassing the minor, moderate and major stage of the disease.
- In-build death benefit without any waiting period
- Flexibility to choose from four protection options
- Heart Cover
- Critical Illness Cover
- Heart Cover with Return of Premium
- Critical Illness Cover with Return of Premium.
- Payout of a fixed lump-sum amount on the diagnosis of any diseases covered under the plan
- A discount of 5% on buying the plan online
Generali Central Cancer Protect Plan – UIN: 133N063V02
- Coverage that includes protection against both minor and major stage cancer
- Offers a free look period with the freedom to return the policy within 15 days
- Option to choose between regular premium and one-time premium
- Cover yourself till the age of 80 years
Generali Central Life insurance health insurance plans help you live a stress-free life without worrying about the booming cost of treatments. These health insurance plans also help you save taxes, which increase the overall value proposition of the policies.
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Get Expert Advice from Your Trusted Life Insurance Partner!
Have questions? Get help and reliable support from experts at Generali Central India Life Insurance.
Explore Knowledge Centre
From insurance basics to wealth-building strategies — everything you need, in one place.
Got Questions? We’ve Got Answers!
Here are answers to some of the questions you might have.
Life insurance is a financial safety net that supports your loved ones in your absence. If something happens to you, it provides them with funds to help cover everyday expenses, repay debts, and achieve future goals. It gives you peace of mind, knowing your family’s financial future is secure— no matter what.
The right plan depends on your needs.
Start by assessing your life stage, financial goals, and the needs of your family. Consider factors like your income, outstanding loans, future expenses and goals (like children’s education, foreign travel, study abroad), and desired coverage amount. We offer a wide range of plans that cover multiple goals and budgets. To get a better idea and make a confident choice consult with a financial advisor or call us on 1800 102 2355.
A good rule of thumb is to aim for coverage that's 10–15 times your annual income. Consider your family’s living expenses, outstanding loans, children’s education, and long-term goals. The right amount ensures your loved ones can maintain their lifestyle and meet future needs— even in your absence.
We would love to help you choose and buy the right policy for your needs. Call our toll-free number 1800 102 2355 or drop us an email at care@generalicentral.com.
Reach out to us in any way that you prefer, and our team of experts will soon get back to you!
Disclaimers
Understand your policy better with key details and insights into our Generali Central Life Insurance.
This Product is not available for online sale. Life Coverage is included in this Product. For detailed information on this plan including risk factors, exclusions, terms and conditions etc., please refer to the product brochure and consult your advisor, or, visit our website before concluding a sale. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. If you have any request, grievance, complaint or feedback, you may reach out to us at care@generalicentral.com For further details please access the link: www.generalicentrallife.com/customer-service/grievance-redressal-procedure.
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