First, the critical illness insurance cannot be deducted from the individual tax, and only the expenses of purchasing commercial health insurance and tax deferred commercial endowment insurance that meet the national regulations can be exempted from personal income tax. Up to now, in addition to the six special additional deduction policies for children's education, continuing education, serious illness medical care, housing loan interest, housing rent and support for the elderly, there are insurance-related items in the column of "Other deductions" of individual tax, but only three types of insurance can be deducted from individual tax: supplementary pension, tax-excellent health insurance and tax-deferred pension insurance. In addition, only the tax priority identification code is the main voucher for tax authorities to handle tax deduction for taxpayers, and attention should be paid to the insurance of tax priority health insurance.
Second, because the liability for payment of critical illness insurance is aimed at health conditions, the basis for payment is based on whether there is a major disease, which is aimed at patients. This kind of insurance money is mostly used for medical funds. If there is no illness and distress, there is no insurance money. In fact, whether there is danger or not is not directly related to taxation. Therefore, there is no tax deduction for buying critical illness insurance.
Third, critical illness insurance is not tax deductible. There are only three types of products that can enjoy the national tax rebate policy:
1, tax excellent health insurance. The essence is one-year medical insurance+universal insurance, and it is necessary to have a special tax priority identification code to deduct a tax.
2. Tax deferred pension insurance.
3. Enterprise annuity. That is, occupational annuity is a supplementary pension designed by enterprises and institutions for employees, which individuals can't buy in the market.
Most commercial insurance that consumers usually buy, such as critical illness insurance, medical insurance, accident insurance, life insurance, etc., cannot enjoy tax deduction.
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The role of critical illness insurance: Critical illness insurance is not unfamiliar, and it is a method used to avoid and transfer the risk of major diseases in the entire insurance market. For the first time suffering from a serious illness, after being diagnosed by a public hospital at or above the second level, you can get the corresponding insurance payment as long as you meet the claim conditions. The use of this insurance money can be used as compensation for income loss, medical expenses, travel expenses, nutritional subsidies, etc. The insurer will not ask about the whereabouts of the funds, and it will be completely controlled by the beneficiary. Therefore, in the use of critical illness insurance benefits, the flexibility is very high, and critical illness insurance escorts the family economy of patients.