| How does it work | |||
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How does Health Advantage Plus Work? Under this policy, the insurance premium remains the same at Rs. 15,000 or Rs. 20,000 (depending upon age of the insured). What changes is the Sum Insured (amount of coverage) depending on the age and the number of members covered. The amount of the premium (Rs. 15,000) is fully deductible under Section 80D of the Income Tax Act^. Thus, you save up to Rs. 4,635 on your tax payable.* ^Maximum
tax benefit of Rs. 4,635/- subject to the provisions of Section 80D of the
Income Tax Act, 1961 and amendments made thereafter
In a scenario wherein an Adult aged 34 years, were to buy the Health Advantage Individual plan for Rs. 2 lakhs.Then, effective cost of Health Advantage Plus Insurance would be: Effective Premium = Premium Paid - (Maximum OPD Benefit + Maximum Tax Benefit) Rs. 15,000 - (Rs. 9,000 + Rs. 4,635) = Rs. 1,365 Refer to the table below to find out how much you save. |
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| Age of Senior Most Member (as on his last birthday) | Individual
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| Fixed Premium Rs. 15,000 | ||||||
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Sum Insured under Hospitalisation Benefit = Rs. 2 Lakhs |
Sum Insured under Hospitalisation Benefit - Rs. 3 Lakhs |
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Age in Years |
Sum Insured under OPD Benefit as below |
How much do you save? Total Savings = (OPD Benefit + Tax Benefit)
|
Effective Premium = (Total Premium - Total Savings) |
Sum
Insured under OPD Benefit as below
|
How much do you save? Total Savings = (OPD Benefit + Tax Benefit)
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Effective Premium = (Total Premium - Total Savings)
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5
- 18
|
Rs.
10,000
|
Rs. 14,365
|
Rs. 635
|
Rs.
9,500
|
Rs.
14,135
|
Rs.
865
|
|
19 - 35 |
Rs. 9,000 |
Rs. 13,635
|
Rs. 1,365
|
Rs.
8,800
|
Rs.
13,435
|
Rs.
1,565
|
|
36
- 45
|
Rs.
8,500
|
Rs.
13,135
|
Rs.
1,865
|
Rs.
8,000
|
Rs.
12,635
|
Rs.
2,365
|
|
46
- 55
|
Rs.
6,000
|
Rs.
10,635
|
Rs.
4,365
|
Rs.
5,500
|
Rs.
10,135
|
Rs.
4,865
|
|
56
- 60*
|
Rs.
4,500
|
Rs.
9,135
|
Rs.
5,865
|
Rs.
3,500
|
Rs.
8,135
|
Rs.
6,865
|
|
Fixed
Premium Rs. 20,000
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61
- 65
|
Rs.
7,000
|
Rs.
11,635
|
Rs.
8,365
|
Rs.
5,500
|
Rs.
10,135
|
Rs.
9,865
|
|
66
- 70 (for renewal only)**
|
Rs.
4,000
|
Rs.
8,635
|
Rs.
11,365
|
Rs.
2,000
|
Rs.
6,635
|
Rs.
13,365
|
|
2
Adults (Floater Benefit)
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Fixed
Premium Rs. 15,000
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Sum Insured under Hospitalisation Benefit = Rs. 2 Lakhs |
Sum Insured under Hospitalisation Benefit - Rs. 3 Lakhs |
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|
Age
in Years
|
Sum Insured under OPD Benefit as below |
How much do you save? Total Savings = (OPD Benefit + Tax Benefit)
|
Effective Premium = (Total Premium - Total Savings)
|
Sum
Insured under OPD Benefit as below
|
How much do you save? Total Savings = (OPD Benefit + Tax Benefit) |
Effective Premium = (Total Premium - Total Savings)
|
|
5
- 18
|
-
|
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|
19 - 35 |
Rs. 8,000 |
Rs.
12,635
|
Rs.
2,365
|
Rs.
7,500
|
Rs.
12,135
|
Rs.
2,865
|
|
36
- 45
|
Rs.
7,000
|
Rs.
11,635
|
Rs.
3,365
|
Rs.
6,500
|
Rs.
11,135
|
Rs.
3,865
|
|
46
- 55
|
Rs.
3,000
|
Rs.
7,635
|
Rs.
7,365
|
Rs.
2,000
|
Rs.
6,635
|
Rs.
8,365
|
|
56
- 60*
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-
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*Medical Tests mandatory for insured aged 56 and above **Age at entry: max. upto 65 years; renewable upto 70 years |
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