There is a general misconception that buying insurance is an effective way to save tax. While insurance premiums are of course eligible for tax deduction, they are in no way instruments for tax savings. Rather, the objective of buying insurance has to be very clear – availing of financial protection during times of emergency

Given the fact that a serious or critical illness can strike you any time and maybe without any warning, it is best to be financially secured to face any such eventuality. You can do this by opting for a critical illness insurance policy