According to the relevant notice of the Ministry of Finance and State Taxation Administration of The People's Republic of China, the expenses of individuals purchasing commercial health insurance products that meet the requirements in the pilot areas are allowed to be deducted before tax when calculating the taxable income of the current year, and the deduction limit is 2400 yuan/year. Enterprises and institutions that purchase for employees' organizations shall be regarded as individual purchases.
In addition to China Life Insurance, up to now, there are many local insurance institutions such as PICC Health Insurance, Sunshine Life Insurance, Taikang Pension, Ping An Life Insurance Company of China, China, Xinhua Life Insurance, and some of them have started to sell insurance policies.
According to the above-mentioned Interim Measures, the tax-excellent health insurance products that have come out are all omnipotent. Take personal tax preferential health insurance A introduced by China Life Insurance as an example, which can provide compensation for hospitalization expenses, outpatient treatment expenses before and after hospitalization, specific outpatient treatment expenses, outpatient treatment expenses for chronic diseases and personal account accumulation.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.