In Mumbai, content creator Rudraksh engaged with everyday citizens to understand public awareness around health insurance and its link to tax saving. Through candid street interviews, it became evident that while many people are eager to reduce their tax burden, a surprising number remain unaware or indifferent to health insurance — a key tool under Section 80D of the Income Tax Act.
The responses ranged from confusion to casual dismissal, highlighting both a lack of financial literacy and a widespread reliance on parents for crucial financial decisions. The initiative, created in collaboration with SBI General Insurance, aimed to spotlight how one smart decision can outweigh dozens of excuses.
Street Smarts, Tax Darts
As Rudraksh moved through Mumbai’s vibrant streets, he posed one simple question: “Do you have health insurance?” The answers were strikingly varied — from “I don’t know, maybe my dad took it” to “I didn’t sign anything, so probably not.” Some respondents admitted they saw no need for insurance because they were “young and healthy.” Yet, a few did correctly identify the tax benefits of having a policy, citing savings of ₹25,000 for self and family, and up to ₹50,000 for parents under Section 80D.
When asked what they would do with the saved money, replies ranged from paying off education loans to going on shopping sprees — a light-hearted but revealing glimpse into youth priorities and awareness.
Between Ignorance and Incentives
India continues to grapple with low insurance penetration, particularly in the health segment. Despite growing access to digital information, many remain unaware of how insurance not only provides financial safety during health emergencies but also acts as a legitimate tax-saving instrument. The video reflects a pattern — financial decisions, especially insurance, are often deferred to parents or ignored entirely.
The campaign cleverly juxtaposes this reluctance with a clear, actionable incentive: less tax outgo through a smart health cover. While the government provides ample deductions under the Income Tax Act, their impact is diluted if the public isn’t aware or willing to act.
The Logical Indian’s Perspective
At The Logical Indian, we believe financial literacy is not a luxury — it’s a necessity. Health insurance is not just a safety net but also a responsible economic decision that reflects long-term thinking and care for one’s family. The humorous yet insightful street interviews from Mumbai underscore how much work remains in bridging India’s financial awareness gap.
We applaud creative efforts that turn dry financial advice into public conversations. But we also ask — how can we, as individuals and communities, make financial knowledge more accessible and actionable for all?
What’s stopping you from making that one smart decision — and encouraging others to do the same?
