Health insurance
Cover for hospital bills, so one illness doesn't empty your savings.
A family floater covers everyone under one sum insured. Employer cover usually ends when you leave the job, so a policy of your own matters, especially before you're older or have a condition.
Premiums are deductible under section 80D in the old regime.
Related terms
Rules as of tax year 2026-27. Written by the Welthr team; last reviewed on . Not financial advice.