When should I buy Insurance to avail tax benefits for year 2015-16 ?

POSTED BY vips ON March 8, 2015 9:31 am COMMENTS (2)

I am planning to buy a term insurance and a health insurance. I’d like to know when should i buy so that it is considered for the financial year 2015-16. Will i have to buy it between April 15-March 16, or I can buy in March 15 and can show it in the financial year 15-16.

Thank you
Vipul

2 replies on this article “When should I buy Insurance to avail tax benefits for year 2015-16 ?”

  1. vips says:

    Thanks for the clarification Manish.

  2. Hi Vipul

    You can take the term plan + health insurance in month of April , only then it will be counted for the next financial year. So right now you can do the background work of finalising the plans buy it next month.

    For health insurance , you can approach https://www.coverfox.com/jagoinvestor . You just leave your details there and they will help you in choosing the right policy and assisting on buying process + medicals.

    For Life Insurance, let me know if you finalise on HDFC , we can help you in getting that.

    Manish

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