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If I want to claim money from 2 insurance companies, including mediclaim, will my payout from Crisis Cover become taxable?

April 26, 2017claim companies cover crisis Insurance mediclaim money payout

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If I want to claim money from 2 insurance companies, including mediclaim, will my payout from Crisis Cover become taxable?

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Ans: Crisis Cover is a benefit based health insurance plan which qualifies for the tax exemption under section 80D & section 80C and the payout is not taxable since it is treated as a capital receipt.