Bharti AXA provides a comprehensive cover for your car,so you can drive hassle-free.
Ride without worries, with Bharti AXA long term two wheeler insurance plan.
Safeguard the health of your loved ones with a wide range of Bharti AXA health insurance plans.
Secure your joyous family trips with Bharti AXA international travel insurance cover.
Travel insurance is highly beneficial to you, but did you know another key benefit of travel insurance? You may wonder whether claiming travel insurance on income tax is possible. The simple answer is yes, but there are key aspects that you should be aware of. So, let’s have a look at the process and insurance for travel on your income tax.
Trips such as:
Also, your expenses are exempted by filing a travel insurance claim if you are attending an industrial promotion. Any circumstance where more than light refreshments are provided will be considered as a part of the enjoyment and not the business.
Even for a self-employed individual, the training course should be related to the job for it to be considered.
One thing that you should keep in mind is that as long as your trip is connected to work and not for pleasure and enjoyment, you can file for a travel insurance claim.
Here are two examples for better explanation:
Eg. 1: If you are a software industry person attending a course on new software, travel insurance is tax deductible.
Eg. 2: If you are a software person and you are traveling to attend a course on self-management or accounting, this is not considered to be tax-deductible, as the course is not directly related to your business
Furthermore, the loss of luggage or any travel insurance premium that covers things that are generally private is not tax-deductible.
Get Bharti AXA travel insurance and ensure that your travel is hassle-free. Furthermore, you can reach out to the excellent customer service of Bharti AXA for any doubts at any time. Additionally, you will not have any issues is making a travel insurance claim or settlement. Bharti AXA prides on providing immediate settlements on claims for your convenience.
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Disclaimer :The information published on this website is for the public's reference only. Content of this information is to provide an overview of your Insurance needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice for Travel/Health/Motor. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel, services, or any other items mentioned on this subject for any purpose whatsoever.
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