80D

It depends on the status of assessee, whther HUF or individual.

If individual, only parents, spouse and dependent children are covered for deduction. So it wont be allowed.

If HUF, then the policy can be taken for any member of the HUF to claim deduction in the hands of HUF. So it would be allowed.

Dear Rashmi,

G.K. has perfectly explained....................Well done buddy

In the case of an individual, policy can be taken on his own life, life of spouse or any child (dependant/independant, male / female, minor / major, married / unmarried).

In the case of HUF policy maybe taken on the life of any member of the family.

Hi all,

I want add something to the question added by Rashmi.

I have paid the following Medicalim insurance, how much deduction i can claim under 80D.

Myself: 20,000, My Dad (senior citizen) 15000...

hi vivek,

     for urslf its rs.15k and for ur dad its 15k. sorry. forgot the amendt.

Mr.Vivek

Urself - Rs.15000 & Dad - Rs.15000(maximum 20000)

Mr.Mukund please check your reply.....

Yes... Balaji is right...

if You are talking aboutt for Indiavidual than it would no be allowed as allowed only for the premium paid on policy taken for dependent children, spouse and parents

but in the case of HUF i would be allowed as it allowed for the premium paid on policy taken for any member of the HUF

ya balaji s right. sory forgot the amndt