4. Tax benefits of a health insurance plan
Wednesday, January 3, 2018, 3:36 PM
Payment made towards health insurance premium is eligible for deduction under section 80D. Individuals less than 60 years can claim deduction up to Rs 25,000 a year on the health insurance premium paid for themselves, spouse and dependent children. One can also claim deduction up to Rs 25,000 a year, for the premium paid towards parents health insurance plans.