To qualify for the deduction, the premium must be paid through a non-cash method, except for preventive health check-ups.It is important to carefully review the tax exemptions included in your health insurance policy.Hindu Undivided Families (HUFs) can also claim tax deductions under The Income Tax Act, 1961.The benefits under Section 80D are in addition to the tax benefits available under Section 80C.Important Points to Rememberīelow are a few things to note when availing of tax deductions under Section 80D: Further, you can also claim a tax deduction of ₹ 5,000 per annum on preventive healthcare for your family. If you invest in health insurance, you can get deduction up to ₹ 25,000 under Section 80D for yourself and your family (₹ 50,000 if age of insured is 60 years or above) and up to ₹ 25,000 (₹ 50,000 if age of insured is 60 years or above) for your parents. You can claim deductions for a policy bought for yourself, your spouse and your dependent children. Section 80D offers tax deductions on health insurance premiums of up to a maximum limit of ₹ 25,000 in a financial year.
These benefits can be claimed by the senior citizen themselves, or their children if they are paying for the health insurance of their senior citizen parents.
In India, senior citizens can avail of the health insurance tax * benefits under Section 80D of The Income Tax Act, 1961. Buy Health Insurance Online Health Insurance Tax Benefits for Senior Citizens
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