Basic deduction: Mediclaim premium paid for Self, Spouse or dependant children. Maximum deduction Rs 25,000 . In case any of the persons specified above is a senior citizen and Mediclaim Insurance premium is paid for such senior citizen, deduction amount is enhanced to Rs. 30,000 (Rs. 50,000/- from A.Y. 2019-20). Additional deduction: Mediclaim premium paid for parents. Maximum deduction Rs 25,000 . In case any of the parents covered by the Mediclaim policy is a senior citizen, deduction amount is enhanced to Rs. 30,000 (Rs.50,000 from A.Y. 2019-20).
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