This discussion explores whether premiums paid for overseas travel health insurance can be claimed as a deduction under Section 80D of the Income Tax Act. While some tax professionals have differing opinions, the consensus here is that since it is a health insurance policy, it should be eligible for the deduction. It is advised to claim it, as it is likely to be allowed.
17 September 2023
I dont have any health insurance but have paid for an Oversaes Travel Health Insurance policy ? Will I be eligible for claiming deduction as per the limits u/s 80D ?
18 September 2023
Thanks Mr Seetharaman. A number of CAs I spoke to had different views. We could not find any clarification either way ? If you have seen something then kindly let me know