Health Insurance, also known as medical insurance policy, is a medical coverage that helps you meet your healthcare expenses by offering financial assistance. Due to the high cost of hospitalization expenses, it is important to have a medical insurance plan in place. In the ongoing pandemic scenario, health insurance plays a vital role in safeguarding your health as well as your wealth. It helps you save tax under section 80D of the Income Tax Act, 1961. Tax benefits can be claimed against your health insurance premium. You can buy a medical insurance plan for your family and avail the below mentioned benefits and coverage.