Can Deduction be claimed?

Yes, for the fact that the mode of payment is any, other than cash, and it is employee who paid for himself or his family’s insurance.

Get a certificate from the employer regarding deduction of amount for medical insurance purpose. You can claim to the extent the deduction has been made by the employer for medical insurance subject to maximum Rs. 15,000

Regards,

Devendra K

Ms.amulya_r8

Some of the group insurance shcemes are eligible for deduction under section 80C.  Please Notification No.SO 270(E), 29-03-1990 where the clarification has been given by the CBDT.  I have tried to attach the copy of the said notification but coult not succeed.

Best Wishes

Sathikonda

Ms.amulya_r8 and Mr.Devendra

Please refer to sub-section (8) of Section 80C.

Best Wishes

Sathikonda

Hi Sathikonda,

Can you please mail me the above mentioned Notification as soon as possible.

My email id is : devendra_dk22 @ yahoo.com

Regards,

Devendra K

Hello

There is no record of such notification on CBDT website

Section 80 is applicable for Life Insurance premiums and not medical insurance. Qua medical insurance, section 80D, as very rightly quoted and explained by Mr Devendra is applicable in the way he has very lucidly set forth

With due respect, even if the said notification is found, I think it will be applicable to life insurance. We need to see the notification to form an informed opinion

Thanks and Regards

Will be allowed as deduction provided the payment is in other than cash upto rs. 15000

Dear All

I am herewith attaching a zip file which contains the above said notification.

Best Wishes

Sathikonda

Dear All

You can find the particular SO 270(E) dated 29-03-1990 in the attached documents.

Best Wishes

Sathikonda

Hello

The circular is about life insurance and not medical insurance 

Thanks and Regards

Medical Insurance will always be claimed under section 80 D only

Regards

Medical insurance , u/s 80D, payment in any mode other than cash, allowed upto Rs.15000 and if it is for senior citizen than additional Rs.5000 allowed

yes that is for life insurances and nsc's not about medical insurances.