The Budget 2022 has incorporated a slight taxation change in the insurance product for handicapped people, which may be considered as a relief to both the disabled and their guardians.

Previously, premiums paid on insurance policies purchased by parents of differently abled children or dependents qualified for Section 80DD deduction only if an annuity or lump sum was provided to the handicapped child upon the policyholder's death.

Budget 2022 Health Insurance Expectations: Budget 2022 is projected to give some respite to the average man by implementing favorable adjustments to health insurance coverage. The government may explore two major actions to make health insurance policies more popular and desirable for consumers. One, the GST on premiums paid for health insurance plans should be decreased, and the income tax advantage on the premium paid should be enhanced. As more individuals get health insurance, the financial effect on one's savings is reduced.