INCOME TAX1 Oct 2026
Man with ₹12 lakh in investments struggles to pay ₹1.5 lakh hospital deposit: How you can avoid this | Mint
A Reddit user with ₹12 lakh invested and ₹10 lakh corporate health cover still could not arrange a ₹1.5 lakh hospital deposit at midnight, as only ₹18,000 sat in his bank account. Experts say keep a separate medical contingency fund, roughly ₹10 lakh as a starting point, parked in small fixed deposits and liquid funds so cash is reachable instantly, not locked in stocks.
Key Statutory Highlights
- The user had about ₹12 lakh in stocks and other funds but only ₹18,000 in his bank account.
- His ₹10 lakh corporate health insurance did not help immediately because the third-party administrator (TPA) office was closed until morning.
- An advisor suggests a separate medical contingency fund of around ₹10 lakh, spread across small fixed deposits and liquid funds for quick access.
Actionable Advice for Taxpayers / Founders:Check how much cash you could actually access within hours if a family member needed hospital admission tonight, and consider keeping part of your emergency savings in small fixed deposits or liquid funds after checking your scheme's instant redemption terms.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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