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Workers Compensation Insurance for medical prices and other critical bills within the occasion an worker is injured on the job. Professional Liability Protection for professional providers companies from claims of errors and ommissions when offering providers.<br>In most nations, health insurance is commonly part of an employer's advantages. When insured events experience a loss for a specified peril, the coverage entitles the policyholder to make a claim towards the insurer for the coated amount of loss as specified by the policy. The charge paid by the insured to the insurer for assuming the chance is known as the premium.<br>Canine Insurance <br>The premium paid for medical health insurance plans qualify for a tax deduction of as a lot as Rs. 25,000 beneath Section 80D of the Income Tax Act. These plans also qualify for an additional Rs. 25,000 tax deduction for premium paid for parents’ mediclaim coverage (Rs. 50,000 if dad and mom are senior citizens). 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